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

Dollar and yen supported by fears of new pandemic wave; Norway’s crown shines

Dollar and yen supported by fears of new pandemic wave; Norway’s crown shines
LONDON (Reuters) – The U.S. dollar and Japanese yen held their positions on Thursday as concerns about a rise in new coronavirus cases underpinned demand for safe-haven currencies, while the Norwegian crown was a star performer. FILE PHOTO: U.S. dollar notes are seen in this November 7, 2016 picture illustration. Picture taken November 7. REUTERS/Dado Ruvic/Illustration The crown was the... 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

Global stocks retreat as investors fret over coronavirus relapse

Global stocks retreat as investors fret over coronavirus relapse
TOKYO/WASHINGTON (Reuters) – Asian stocks and Wall Street futures fell on Thursday as spiking coronavirus cases in some U.S. states and in China dented hopes of a quick global economic comeback from the pandemic. FILE PHOTO: 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... 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 seesaw as rising coronavirus cases offset recovery hopes

Stocks seesaw as rising coronavirus cases offset recovery hopes
NEW YORK (Reuters) – Equity markets around the world seesawed on Wednesday as the prior day’s 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, with an outbreak... Read More

Trade war? U.S. battle over kitchen cabinets really a domestic dispute

Trade war? U.S. battle over kitchen cabinets really a domestic dispute
(Reuters) – The anti-China trade mood has reached U.S. kitchens, where a battle is being waged over competing visions of where and how cabinets should be made. Robert Hunter (L), chief operating officer at CNC Cabinetry, checks parts with quality control manager Ezra Cohen at their company’s headquarters in South Plainfield, New Jersey, U.S., June 16, 2020. REUTERS/Andrew Kelly On... Read More