News Formal

Stocks climb on China trade relief, while US jobs data dents dollar | Malay Mail

  • 📰 malaymail
  • ⏱ Reading Time:
  • 55 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 86%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

NEW YORK, May 8 — World shares rose yesterday after China’s exports came in far stronger than expected, suggesting an economic recovery was under way, but the dollar fell from two-week highs as US data showed millions more Americans joined the ranks of the unemployed. Gold jumped 2 per cent as...

Friday, 08 May 2020 06:59 AM MYT

Gold jumped 2 per cent as the weak US data heightened fears over a coronavirus-induced global downturn. “The pace is slowing down, which is providing some optimism that we are finally going to see things bottom out,” Ed Moya, senior market analyst at OANDA, said of the unemployment claims. The strong showing boosted speculation China could recover from its coronavirus lockdown more quickly than expected and support global growth in the process.

US President Donald Trump said he would be able to report in about a week or two whether China is meeting its obligations under a trade deal, as Washington weighed punitive action against Beijing over its handling of the coronavirus outbreak. The US dollar fell from two-week highs as investors booked profits on the currency’s gains this week before today’s US nonfarm payrolls report for April, which could show massive job losses amid the Covid-19 pandemic. The dollar index fell 0.323 per cent, with the euro up 0.33 per cent to US$1.083. The euro was hurt by a gloomy economic outlook from the European Commission.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 1. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

European, US stocks mostly fall after weak data | Malay MailNEW YORK, May 7 — European and Wall Street stocks mostly fell yesterday following another round of poor economic data that sets the stage for what is expected to be a miserable official US jobs report later this week.  The grim tone worsened after the European Commission predicted the... The Dow Rose 211 Points Because Coronavirus Vaccines and Trade Talks Look Possible Published: May 7, 2020 at 5:45 p.m. ET By Evie Liu
La source: malaymail - 🏆 1. / 86 Lire la suite »

Tokyo stocks close higher on virus hopes | Malay MailTOKYO, May 5 — Tokyo stocks closed sharply higher today, as investors looked beyond grim economic news to focus on easing coronavirus lockdown measures in parts of the US. The benchmark Nikkei 225 index ended up 2.56 per cent, or 504.32 points, at 20,179.09. Over the two-day trading week, the...
La source: malaymail - 🏆 1. / 86 Lire la suite »