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.

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.

Tech-rich Nasdaq leads US stocks higher | Malay MailNEW YORK, Aug 17 — Wall Street stocks opened higher today following good housing data, with the tech-rich Nasdaq continuing to lead the market. About 15 minutes into trading, the Dow Jones Industrial Average was up slightly at 27,943.36. The broad-based S&P 500 advanced 0.4 per cent to...
Source: malaymail - 🏆 1. / 86 Read more »

Hong Kong stocks close slightly higher | Malay MailHONG KONG, Aug 18 — Hong Kong stocks closed marginally higher today following a record lead from Wall Street, but investors remain cautious owing to China-US tensions and the lack of progress on a new US stimulus. The Hang Seng Index edged up 0.08 per cent, or 20.04 points, to 25,367.38. The...
Source: malaymail - 🏆 1. / 86 Read more »