U.S. stock futures shed gains to fall back into negative territory early Monday morning in volatile trading after last week™s sharp gains, even as the number of coronavirus cases in the U.S. continues to rise at an alarming rate. At around 3:19 a.m. ET, Dow Jones Industrial Average futures were down 89 points, pointing to an implied fall of about 161.78 points at the Monday open. S&P 500 futures and Nasdaq 100 futures also pointed to a lower open for the two indexes on Monday. The moves came as crude prices fell sharply. Earlier, futures made a recovery to point to Monday opening...
Hong Kong stocks rallied with the rest of Asia on Wednesday after US lawmakers agreed a massive stimulus package to support the world's number one economy as the coronavirus spreads. The Hang Seng Index jumped 3.81 percent, or 863.70 points, to close at 23,527.19. The benchmark Shanghai Composite Index rose 2.17 percent, or 59.15 points, to 2,781.59 and the Shenzhen Composite Index climbed 2.92 percent, or 48.63 points, to 1,714.86. Source : AFP
European markets opened higher Wednesday after U.S. senators agreed to the Trump administrations massive economic rescue bill, unlocking $2 trillion worth of funds. The pan-European Stoxx 600 climbed 2.3% at 310.05 in the early minutes of trading, with financial services adding 4.4% to lead gains as all sectors and major bourses entered positive territory. White House official, Eric Ueland said early on Wednesday that U.S. senators and White House officials have reached an agreement on the massive stimulus package to mitigate the economic hit from the coronavirus outbreak. Source : CNBC
Tokyo stocks closed more than eight percent higher Wednesday, boosted by a $2-trillion US coronavirus rescue package and relief that the Tokyo Olympics is being postponed rather than cancelled. The benchmark Nikkei 225 index, which soared more than seven percent on Tuesday, added another 8.04 percent, or 1,454.28 points, to 19,546.63. The broader Topix rose 6.87 percent, or 91.52 points, to end at 1,424.62. Source : AFP
Hong Kong stocks rallied at the start of trade Wednesday following a massive surge on Wall Street fuelled by hopes US lawmakers will agree a gigantic stimulus package to protect the world's top economy against the virus crisis. The Hang Seng Index jumped 2.61 percent, or 592.42 points, to 23,255.91. The benchmark Shanghai Composite Index rose 1.67 percent, or 45.40 points, to 2,767.84, while the Shenzhen Composite Index gained 2.30 percent, or 38.39 points, to 1,704.62. Source : AFP
Tokyo stocks opened more than three percent higher Wednesday after a record-setting US rally and relief that the Tokyo Olympics is being postponed, not cancelled. The benchmark Nikkei 225 index jumped 3.45 percent or 624.09 points to 18,716.44 in the first few minutes of trade, while the broader Topix was up 3.08 percent or 41.05 points at 1,374.15. Source : AFP