Equities edge higher, bonds stable after Chinese stocks rally | Malay Mail

Chinese blue chips led the way with gains of 2.35 per cent as the country’s central bank provided more medium-term loans to the financial system. Beijing also granted a patent for a CanSino Biologics Covid-19 vaccine candidate, Ad5-nCOV. — Reuters pic

Coronavirus cases in Italy have doubled over the past two weeks, prompting the country to reimpose restrictions on bars and nightclubs. MSCI’s gauge of stocks across the globe gained 0.45 per cent following broad rallies in Asia and slight gains in Europe. US second-quarter earnings season wraps up with major retailers, including Walmart, Home Depot and Kohls, reporting this week.

“Market participants will be looking for insight into the details and exact timing of when the Fed’s Monetary Policy Review will be completed, and also for more clarity with respect to the potential timing and structure of any changes to forward guidance,” analysts at NatWest Markets noted.

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