News Formal

Stocks tick up as China industrial data offsets trade woes; oil rises

  • 📰 staronline
  • ⏱ Reading Time:
  • 47 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 75%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

NEW YORK: Stocks across the globe were little changed on Monday as upbeat industrial data out of China and hopes for more stimulus in the United States were offset by jitters over tensions between Washington and Beijing.

Industrial output in China is returning to levels recorded before the coronavirus pandemic halted huge swathes of the economy, driven by pent-up demand, government stimulus and surprisingly resilient exports.

Talks in Washington over a U.S. fiscal stimulus package for pandemic-stricken businesses and workers caused further investor uncertainty. House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin on Sunday said they were open to resuming negotiations. "Part of the reason the S&P 500 has been held back is we're starting to see yet another rotation to value and away from growth," said Paul Nolte, portfolio manager at Kingsview Investment Management in Chicago."That tends to hold back the S&P because it's so dominated by big tech." The pan-European STOXX 600 index rose 0.30% and MSCI's gauge of stocks across the globe gained 0.15%.

"The oil complex is heavily reliant on that aid. We need people to be able to boost economic activity to spur demand," said John Kilduff, partner at Again Capital in New York.Brent settled at $44.99 a barrel and WTI at $41.94.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 4. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Oil stocks boost FTSE 100 as China data signals recovery | Malay MailAUG 10 — London-listed shares rose today as a slowdown in China’s factory deflation in July brewed optimism around a post-pandemic economic rebound, while energy stocks tracked a jump in oil prices. The commodity-heavy FTSE 100 was up 0.8 per cent, with BP Plc and Royal Dutch Shell Plc the...
Källa: malaymail - 🏆 1. / 86 Läs mer »

Bursa Malaysia bucks regional trend, dragged by glove-maker stocks | Malay MailKUALA LUMPUR, Aug 10 — Bursa Malaysia ended lower today, bucking the trend of its regional peers after being dragged by persistent profit-taking in the healthcare sector, particularly glove-maker stocks. At 5.00pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) ended 6.48 points lower or 0.41...
Källa: malaymail - 🏆 1. / 86 Läs mer »