Thursday, 13 Aug 2020 11:30 AM MYT
The rises come after a tech rally left the S&P 500 within a whisker of a record closing high overnight, in a climate where even bad news is regarded as good news if it increases the chances of more stimulus to aid recovery. At the same time, the number of daily new Covid-19 infections in the United States seems to be stabilising around 55,000. S&P 500 futures traded flat.
Markets are still eagerly awaiting a breakthrough in wrangling over the next US stimulus package, despite little sign of progress in talks, and a crucial weekend meeting between US and Chinese trade officials.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asian stocks fall on US stimulus uncertainty | Malay MailTOKYO, Aug 12 — Asian stocks dipped today on growing uncertainty over whether the US lawmakers would agree on an additional round of big fiscal stimulus to support an economy still struggling with the novel coronavirus. Hopes of vaccine development, however, prompted some investors to reduce...
Source: malaymail - 🏆 1. / 86 Read more »
Apple must pay US$500m over patent violations, US court rules | Malay MailSAN FRANCISCO, Aug 12 — Apple must pay more than US$500 million (RM2.1 billion) in damages and interest for 4G patent infringements held by intellectual property company PanOptis, a Texas court has ruled. The US tech giant — now worth almost US$2 trillion — will appeal yesterday’s decision,...
Source: malaymail - 🏆 1. / 86 Read more »
Asian stocks set to track Wall Street's defiant rally | Malay MailBOSTON, Aug 13 — Asian stocks were set for broad gains today after Wall Street’s S&P 500 index briefly touched record highs, as investors appeared to shrug off worries about stalled US stimulus talks and a shaky economic recovery. Australian S&P/ASX 200 futures rose 0.69 per cent in...
Source: malaymail - 🏆 1. / 86 Read more »
Ringgit ends marginally higher against US dollar on firmer oil prices | Malay MailKUALA LUMPUR, Aug 11 — The ringgit reversed yesterday’s losses to finish marginally higher against the US dollar, driven by firmer crude oil prices. At 6pm, the local note settled at 4.1900/1950 against the greenback compared with 4.1930/1980 at yesterday’s close. AxiCorp chief global market...
Source: malaymail - 🏆 1. / 86 Read more »