News Formal

Vaccine hopes drive stocks higher on 'Black Monday' anniversary

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 66%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

World stocks inched higher and the dollar slipped on Monday as rising hopes of a coronavirus vaccine by the end of the year and a U.S. fiscal ...

LONDON: World stocks inched higher and the dollar slipped on Monday as rising hopes of a coronavirus vaccine by the end of the year and a U.S. fiscal package before elections offset concern over record daily infections in Europe.

Trading volumes in Europe were however sharply lower due to a technical glitch at exchange operator Euronext, which led to trading activity being halted in Amsterdam, Brussels, Lisbon and Paris bourses. Sacks however believes the slowdown in recovery will not affect markets due to continued monetary and fiscal support from central banks and governments. He remains"overweight" equities.

Meanwhile, separate monthly indicators pointed to an expansion in economic activity in China. Industrial output accelerated 6.9per cent in September from a year earlier, when analysts were looking for a 5.8per cent gain from a 5.6per cent rise in August.

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:

 /  🏆 6. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tokyo: Stocks open higher on Monday[TOKYO] Tokyo stocks opened higher on Monday with bargain-hunting purchases supporting the market, as investors closely watched developments over a fresh US stimulus package and the global coronavirus situation. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Singapore stocks open higher on [DAY]Monday; STI up 0.4%SINGAPORE shares opened higher on Monday, building on last week's gains. Investors pushed stocks higher on Friday after the Republic announced non-oil domestic exports rose by 5.9 per cent in September. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Tokyo: Stocks open higher on Monday[TOKYO] Tokyo stocks opened higher on Monday with bargain-hunting purchases supporting the market, as investors closely watched developments over a fresh US stimulus package and the global coronavirus situation. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »