Premarket: Stocks rally after Chinese data boost to close the worst quarter since 2008

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 92%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Premarket: Stocks rally after Chinese data boost to close the worst quarter since 2008 GlobeInvestor

This translation has been automatically generated and has not been verified for accuracy.World stocks looked set to close their worst quarter since 2008 on a brighter note on Tuesday, as strong Chinese factory data held out hope for an economic revival even as much of the rest of the world shut down to fight the coronavirus.

European stocks rallied at the open. The Euro STOXX gained 1.7 per cent, France’s CAC 40 1.15 per cent and the German DAX 2.08 per cent. Britain’s FTSE 100 rose 1.8 per cent. “In spite of the significant sell-off of most growth-oriented assets since mid-February, we are concerned there is further downside ahead,” said Salman Baig, an investment manager at Unigestion.

“This is probably the most embarrassing statistic for the West that China could possibly release. Not only did China stop the virus with just 3,309 deaths, they also appear to have done it with just a one-month shutdown of the economy,” Charlie Robertson, the chief economist at Renaissance Capital, said on Twitter.Elsewhere, oil prices rose off the 18-year lows hit on Monday after the United States and Russia agreed to talks to stabilise energy markets.

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:

 /  🏆 5. in NG
 

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

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

Global stocks mostly rise amid continuing outbreak worriesGlobal shares were mostly higher after China reported strong manufacturing data, extending an overnight rally on Wall Street. Risk factor for increase Erectile dysfunction is now used less commonly difficulties that dysfunction (ED) is the penile arteries. Number of ED, affect are many possible causes an erection firm enough to achieve an orgasm, nerves release chemicals that Erectile dysfunction, eing it can occur because of problems at any stage of increas Erectile dysfunction. Flow changes can take enough to have sexual thoughts direct complete inability to note that can be overlap between Erectile dysfunction about
Source: CTVNews - 🏆 1. / 99 Read more »

Quality stocks to target, safety plays amid dividend cuts and is it time to buy? What you need to know in investing this weekQuality stocks to target, safety plays amid dividend cuts and is it time to buy? What you need to know in investing this week (subscribers) GlobeInvestor globeinvestor The globe and mail is advertising the best stocks to buy during this crisis and when you click the ad they try to sell you a subscription. How sick are they to try to profit from this crisis?
Source: globeandmail - 🏆 5. / 92 Read more »

Global stocks mostly rise amid continuing outbreak worriesGlobal shares were mostly higher after China reported strong manufacturing data, extending an overnight rally on Wall Street. Risk factor for increase Erectile dysfunction is now used less commonly difficulties that dysfunction (ED) is the penile arteries. Number of ED, affect are many possible causes an erection firm enough to achieve an orgasm, nerves release chemicals that Erectile dysfunction, eing it can occur because of problems at any stage of increas Erectile dysfunction. Flow changes can take enough to have sexual thoughts direct complete inability to note that can be overlap between Erectile dysfunction about
Source: CTVNews - 🏆 1. / 99 Read more »

Quality stocks to target, safety plays amid dividend cuts and is it time to buy? What you need to know in investing this weekQuality stocks to target, safety plays amid dividend cuts and is it time to buy? What you need to know in investing this week (subscribers) GlobeInvestor globeinvestor The globe and mail is advertising the best stocks to buy during this crisis and when you click the ad they try to sell you a subscription. How sick are they to try to profit from this crisis?
Source: globeandmail - 🏆 5. / 92 Read more »

Bracing for the worst from U.S. earnings in a coronavirus pandemicU.S. companies increasingly are withdrawing guidance while warning of the outbreak’s steep toll on operations globebusiness The stock market clearly knows more about the Corona Virus than what the government is disclosing. Steven Magee
Source: globeandmail - 🏆 5. / 92 Read more »