News Formal

Global stocks sink as US virus concerns offset Europe rebound hopes | Malay Mail

  • 📰 malaymail
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 86%

United States News News

United States United States Latest News,United States United States Headlines

NEW YORK, June 27 ― Global equities sank and perceived safe-haven assets like US Treasuries and gold gained yesterday as investors weighed hopes that Europe will continue to rebound from the coronavirus pandemic's economic damage against concerns over a record surge in new Covid-19 infections in...

Saturday, 27 Jun 2020 07:32 AM MYT

The euro zone is “probably past” the worst of the economic crisis, European Central Bank President Christine Lagarde said, while urging authorities to prepare for a possible second wave. “Even though we continue to see some pretty scary virus numbers coming out of the US, it's not really dented sentiment ― not to any sustained degree at least,” said Timothy Graf, head of macro strategy for EMEA at State Street Global Markets.

Spot gold added 0.5 per cent to US$1,769.63 an ounce. US gold futures gained 0.15 per cent to US$1,772.50 an ounce.

 

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

 /  🏆 1. in US

United States United States Latest News, United States United States Headlines

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

Europe, US stocks overcome Covid-19 worries to partially recoverRecent surge across world markets show signs of stalling as virus sees a resurgence. FMTNews Covid19 Markets Stocks
Source: fmtoday - 🏆 5. / 72 Read more »