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

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.

مصر أحدث الأخبار, مصر عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

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
مصدر: malaymail - 🏆 1. / 86 اقرأ أكثر »

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...
مصدر: malaymail - 🏆 1. / 86 اقرأ أكثر »