Stocks crumble as China virus toll mounts, safe havens in favor

Stocks crumble as China virus toll mounts, safe havens in favor
SYDNEY (Reuters) – Asian stocks took a battering on Tuesday as the death toll from a virus in China climbed, leaving investors fretting over the widening economic fallout from the outbreak and lifting bonds on expectations central banks would need to keep stimulus flowing. FILE PHOTO: A decoration for celebrating new year is seen next to a stock index board... Read More

Stocks crumble as China virus toll mounts, safe havens in demand

Stocks crumble as China virus toll mounts, safe havens in demand
SYDNEY (Reuters) – Asian stocks extended a global selloff on Tuesday as China took more drastic steps to combat a deadly new coronavirus, while bonds shone on expectations central banks would need to keep stimulus flowing to offset the likely economic drag. FILE PHOTO: A decoration for celebrating new year is seen next to a stock index board outside a... Read More

Asian shares, bond yields fall as deadly coronavirus spreads

Asian shares, bond yields fall as deadly coronavirus spreads
SYDNEY (Reuters) – Asian shares slipped again on Tuesday as China took more drastic steps to combat the coronavirus, while bond yields fell globally on expectations central banks would need to keep stimulus flowing to offset the likely economic drag. FILE PHOTO: A decoration for celebrating new year is seen next to a stock index board outside a brokerage in... Read More

Trump’s ‘massive’ U.S.-UK trade deal faces big hurdles

Trump’s ‘massive’ U.S.-UK trade deal faces big hurdles
WASHINGTON (Reuters) – Britain is the United States’ closest ally but their long friendship may be sorely tested as the two countries try to forge a new trade agreement after Britain’s exit from the European Union. FILE PHOTO: Britain’s Prime Minister Boris Johnson welcomes U.S. President Donald Trump at the NATO leaders summit in Watford, Britain December 4, 2019. REUTERS/Peter... Read More

Business survey suggests U.S. labor market may have peaked

Business survey suggests U.S. labor market may have peaked
WASHINGTON (Reuters) – There is an even balance in the share of U.S. businesses reporting decreases and increases in employment for the first time in a decade, a survey showed on Monday, the latest suggestion that the labor market has likely peaked and job growth could slow this year. FILE PHOTO: People attend TechFair LA, a technology job fair, in... Read More

Dollar dips vs yen as investors reach for safe havens on virus scare

Dollar dips vs yen as investors reach for safe havens on virus scare
NEW YORK (Reuters) – The U.S. dollar slipped against the safe-haven Japanese yen on Friday as investors fretted over concerns that a spreading virus from China would curb travel and hurt economic demand. FILE PHOTO: Dollar banknotes are seen in this picture illustration taken June 13, 2017. REUTERS/Dado Ruvic/Illustration/File Photo The U.S. Centers for Disease Control and Prevention (CDC) on... Read More

Dollar rises vs euro as European PMI data fails to impress

Dollar rises vs euro as European PMI data fails to impress
NEW YORK (Reuters) – The dollar rose to a near eight-week high against the euro on Friday as lukewarm European PMI data added to the broader market conviction that European central bank policymakers will maintain a loose monetary policy for the near future. FILE PHOTO: Dollar banknotes are seen in this picture illustration taken June 13, 2017. REUTERS/Dado Ruvic/Illustration/File Photo... Read More