Stocks rally falters as virus and trade nerves linger

LONDON: Europe's share markets, bond yields and the euro all inched higher on Tuesday, as mildly reassuring signals from China's economy helped limit worries about a potential second wave of coronavirus infections.

But there was the first rise in car sales in 22 months to cheer and China's foreign ministry also stressed the benefits of the recent Phase 1 U.S. trade deal following a report that some officials were reconsidering the agreement. Late on Monday, the Fed said it would start purchasing shares of exchange-traded funds that invest in bonds, though policymakers also downplayed the likelihood of its interest rates being cut into negative territory.

Brent crude futures climbed to a high of US$30.11 a barrel and were up 0.2per cent, or 6 cents, at US$29.69, reversing some of the previous session's losses. The benchmark fell US$1.34 on Monday.

South Africa South Africa Latest News, South Africa South Africa Headlines

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

Tokyo: Stocks close lower on profit-taking[TOKYO] Tokyo stocks closed lower Tuesday on profit taking following recent gains, with investors cautiously watching for economic restarts after business shutdowns forced by the coronavirus outbreak. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Stocks falter as anxiety grows over second coronavirus waveAsian shares tumbled on Tuesday on growing worries about a second wave of coronavirus infections after the Chinese city where the pandemic ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »