A worker shelters from the rain as he passes the London Stock Exchange in London at lunchtime October 1, 2008. — Reuters pic
In Europe, London did worst as the pound rallied on the back of a less pessimistic outlook by the Bank of England, hurting the earnings prospects of exporters in the FTSE 100 index. British interest rates were left unchanged. On Wall Street, the Dow was steady shortly after the opening, following four straight sessions of gains which had been fuelled by bets that US lawmakers will eventually reach a deal on more stimulus for the world’s top economy.
“For now our sense is that no politician in the US wants to be blamed for a failure to deliver a new round of stimulus ahead of the elections in November,” said National Australia Bank’s Rodrigo Catril.
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:
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.
US dollar wallows and Asian stocks inch higher as stimulus eyed | Malay MailSINGAPORE, Aug 6 — The US dollar languished and just about everything else rose today, as markets took patchy US economic data as a harbinger of ever more stimulus and brinkmanship on Capitol Hill as a sign that a deal on a new US stimulus package is close. Following Wall Street's lead, MSCI's...
Source: malaymail - 🏆 1. / 86 Read more »
US stocks rise again on vaccine progress | Malay MailNEW YORK, Aug 5 — Wall Street stocks opened higher today, extending a positive run on anticipation of more fiscal stimulus from Washington and progress on vaccines for the coronavirus pandemic. About 30 minutes into trading, the Dow Jones Industrial Average was up 1.0 per cent at 27,097.60. The...
Source: malaymail - 🏆 1. / 86 Read more »
US stocks edge higher as markets eye stimulus talks | Malay MailNEW YORK, Aug 4 — Wall Street stocks inched higher early today after big gains in the prior session as markets eyed stimulus negotiations in Washington and brittle US-China relations. Talks were ongoing between Republican and Democratic leaders on another round of relief funding to support the...
Source: malaymail - 🏆 1. / 86 Read more »
Oil prices jump to five-month high on weak dollar, big drop in US crude stocksNEW YORK: Oil prices rose to their highest since early March today after a large decline in US crude inventories and supported by a weak dollar, but m...
Source: theSundaily - 🏆 25. / 51 Read more »