Business Maverick: Dollar Pressure Endures; Storm Delays Hong Kong: Markets Wrap

South Korean shares rebounded from Tuesday’s slide, while Japan traded flat and Australia climbed. S&P 500 contracts were steady after the gauge eked out a gain to close above the previous Feb. 19 all-time high. Chinese shares slipped amid a request from the Trump administration for U.S. colleges to divest them. Traders in Hong Kong are expecting the equity market to reopen later Wednesday. Treasuries ticked up.

Massive stimulus injections and a surge in technology companies have driven the rebound in American equities from a pandemic-induced selloff.case numbers in the U.S. look to be improving, as evidence grows that the peak of the flareup across Sunbelt states is over. While stimulus talks have stalled, better-than-feared economic data and corporate earnings have instilled optimism that a recovery is taking shape.

“We have a Federal Reserve that is all in, keeping rates low probably across the curve for as far as the eye can see,” Katie Nixon, chief investment officer at Northern Trust Wealth Management, said on Bloomberg TV. “That is supportive of higher valuations.”to seal a deal with Republicans and speed Covid-19 relief, then come back after the November elections with additional agenda items. Meanwhile, China denounced the U.S.’s latest moves to curb Huawei Technologies Co.

The Joint Ministerial Monitoring Committee — the panel that reviews the OPEC+ agreement — is due to meet on Wednesday.China’s loan prime rate is due Thursday.Futures on the S&P 500 gained 0.1% as of 11:27 a.m. in Tokyo. The index rose 0.2% on Tuesday.Australia’s S&P/ASX 200 Index gained 0.9%.The euro bought $1.1937, up 0.1%.The offshore yuan traded at 6.9104 per dollar, down 0.1%.CommoditiesGold was at $1,994.22 an ounce, down 0.4%.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Business Maverick: Dollar Squeeze Chokes Nigeria’s Economy With Recession LoomingNigeria’s foreign-currency shortage is squeezing the life out of Africa’s biggest economy.
Herkunft: dailymaverick - 🏆 3. / 84 Weiterlesen »

Business Maverick: Cartoon Tuesday with RicoCLOSE
Herkunft: dailymaverick - 🏆 3. / 84 Weiterlesen »

BUSINESS MAVERICK: Covid corporate carnage: Sasol posts R90bn lossPetrochemicals giant Sasol just posted a staggering loss of R91.3-bn for the 12 months to the end of June compared with earnings of R6.1-bn the previous year. The Covid-19 pandemic is wreaking havoc across the corporate world with the oil sector among the hardest hit.
Herkunft: dailymaverick - 🏆 3. / 84 Weiterlesen »

Business Maverick: Fidelity Assets Under Management Reach Record $3.3 TrillionFidelity Investments’ assets under management reached a record of $3.3 trillion at the end of June, a 15% increase from the year prior, as a surge in stock trading and new accounts helped bring in money.
Herkunft: dailymaverick - 🏆 3. / 84 Weiterlesen »

Business Maverick: Tiffany Will Soon Reveal Everywhere Your Diamond Has TraveledTiffany & Co. wants to ease customers’ concerns about human rights abuses in the diamond industry by providing them with an unprecedented amount of detail about the precious stones it sells.
Herkunft: dailymaverick - 🏆 3. / 84 Weiterlesen »

MARKET WRAP: Rand posts biggest gain in a week and Sasol slumpsChemicals giant Sasol, which has lost more than half of its value in 2020, considers issuing more shares
Herkunft: BDliveSA - 🏆 12. / 63 Weiterlesen »