World stock markets slip on second wave virus fears, safe-havens rise

World stock markets slip on second wave virus fears, safe-havens rise
NEW YORK/LONDON (Reuters) – Global stock markets drifted lower on Thursday as an increase in new coronavirus cases in some U.S. states and China crushed hopes of a swift economic comeback from the pandemic, underpinning demand for safe-haven currencies such as the dollar and Japanese yen. Traders wear masks as they work on the floor of the New York Stock... Read More

U.S. retail foot traffic rebounds, more staff at work, as lockdowns ease

U.S. retail foot traffic rebounds, more staff at work, as lockdowns ease
(Reuters) – Retail foot traffic recovered to approach pre-lockdown levels last week and businesses appeared to bring more employees back to the job, according to data from firms that collect cellphone location information and manage employee time for companies. FILE PHOTO: Shoppers enter a grocery store near a sign requesting social distancing, following reports of coronavirus disease (COVID-19) cases in... Read More

World stocks drift lower as second wave virus fears mount

World stocks drift lower as second wave virus fears mount
LONDON/TOKYO (Reuters) – Global stocks drifted lower on Thursday as an increase in new coronavirus cases in some U.S. states and China crushed hopes of a swift world economic comeback from the pandemic. FILE PHOTO: A street cleaning operative walks past the London Stock Exchange Group building in the City of London financial district, whilst British stocks tumble as investors... Read More

Stocks drift as second wave virus fears mount

Stocks drift as second wave virus fears mount
LONDON/TOKYO (Reuters) – Global stocks drifted on Thursday as spiking coronavirus cases in some U.S. states and China crushed hopes of a quick global economic comeback from the pandemic. FILE PHOTO: A street cleaning operative walks past the London Stock Exchange Group building in the City of London financial district, whilst British stocks tumble as investors fear that the coronavirus... Read More

Asian stocks set to fall as Wall St. snaps three-day winning streak

Asian stocks set to fall as Wall St. snaps three-day winning streak
WASHINGTON (Reuters) – Asian stocks were set to dip on Thursday after a choppy Wall Street session as spiking coronavirus cases and prospects of new lockdowns erased earlier confidence about a global economic recovery. A man wearing a protective face mask, following the coronavirus disease (COVID-19) outbreak, is silhouetted in front of a stock quotation board outside a brokerage in... Read More

Stocks waver on rising COVID cases, dollar in safety bidding

Stocks waver on rising COVID cases, dollar in safety bidding
NEW YORK (Reuters) – Global equity markets closed little changed on Wednesday as a rally on economic and vaccine hopes faded, while fresh coronavirus outbreaks and rising geopolitical tensions in Asia boosted demand for the dollar and safe-haven debt. Optimism over a quick economic recovery has been tempered by more global cases of the coronavirus, including an outbreak in Beijing... Read More

Stocks gain on recovery hopes, dollar on safe-haven bid

Stocks gain on recovery hopes, dollar on safe-haven bid
NEW YORK (Reuters) – A gauge of global equities edged higher on Wednesday, adding to the prior day’s rally on economic and vaccine hopes, while fresh coronavirus outbreaks and rising geopolitical tensions in Asia boosted demand for the dollar and safe-haven debt. Optimism over a quick economic recovery has been tempered by more global cases of the coronavirus, including an... Read More

Stocks grind higher as recovery hopes stand firm

Stocks grind higher as recovery hopes stand firm
LONDON (Reuters) – Europe’s shares added to their best gains in almost a month as safety plays lost their lustre on Wednesday, with hopes of a rapid economic recovery holding firm against a resurgence of global coronavirus cases. Data showed U.S. retail sales bounced back sharply in May, but new infections have hit record highs in six U.S. states, and... Read More

Stocks grind higher on recovery hopes

Stocks grind higher on recovery hopes
LONDON/SYDNEY (Reuters) – Europe’s shares added to their best gains in almost a month as safety plays lost their lustre on Wednesday, with hopes of a rapid economic recovery standing firm against a resurgence of global coronavirus cases. FILE PHOTO: Pedestrians leave and enter the London Stock Exchange in London, Britain August 15, 2017. REUTERS/Neil Hall Data showed U.S. retail... Read More

Asia stocks turn cautious on virus surge, geopolitics

Asia stocks turn cautious on virus surge, geopolitics
SYDNEY (Reuters) – Asian share markets took a cautious turn on Wednesday as a resurgence of global coronavirus cases challenged market confidence in a rapid economic recovery, even as the rebound in U.S. retail sales in May broke all records. FILE PHOTO: A visitor takes a photograph of a board displaying stock prices at the Australian Securities Exchange (ASX) in... Read More