US stocks have recorded their first back-to-back weekly gains since February as investors bet aggressive efforts by central banks and governments would mitigate the current economic pain and stabilise markets while the world works through the coronavirus pandemic.
Stocks on Wall Street advanced on Thursday in a bumpy trading session after economic data showed another steep jump in US unemployment claims and Goldman Sachs warned that equity markets had rallied “too far too fast”.
US stocks tumbled on Wednesday as corporate earnings and economic data reversed the optimistic tone of recent trading sessions by highlighting the heavy toll coronavirus was taking on businesses across the globe.
妖精视频US stocks rose on Tuesday, following broad gains across Europe and Asia, as investors looked past the start of a potentially bleak earnings season to focus on the prospects for a gradual reopening of virus-hit economies.
Wells Fargo’s net income fell almost 90 per cent as the economic impact of the coronavirus drove “unprecedented” increases in loan loss reserves as well as writedowns in the bank’s securities portfolio.
US stocks lost momentum after their biggest weekly rally since 1974 as investors braced for earnings reports that will set out how severe a blow the coronavirus妖精视频 outbreak has dealt to corporate America.
妖精视频G20 oil ministers are to hold an emergency meeting this week after a push by Saudi Arabia and the International Energy Agency as they try to support an industry decimated by the coronavirus pandemic.
妖精视频The UK gambling regulator has imposed its biggest ever fine of £13m on Caesars Entertainment, the UK arm of the US casino company, over its failure to prevent addicted gamblers from losing hundreds of thousands of pounds.
妖精视频Global equity markets sold off heavily in the first trading session of the new quarter as investors digested a series of grim predictions about the human and economic toll of the coronavirus pandemic.
Two of the world’s biggest aerospace manufacturers are lobbying the UK government on behalf of Virgin Atlantic as the airline seeks a £500m bailout package of commercial loans and guarantees to survive the fallout from the coronavirus pandemic.
妖精视频 British American Tobacco, the maker of Lucky Strike and Camel cigarettes, has entered the fray of companies trying to develop a vaccine against Covid-19 — by growing a potential antigen in genetically engineered tobacco plants.
UK manufacturing activity dropped significantly in March following the outbreak of coronavirus妖精视频, according to a closely watched survey that showed output and new orders in the sector fell at the fastest rate since 2012.
Bruised investors closed the books on the biggest quarterly drop for US equities since the financial crisis on Tuesday, as a late sell-off in the final trading session brought losses to 20 per cent since the start of the year.
US stocks kicked off the week on a strong footing with their fourth positive session in the past five, but a cautious mood still prevailed as investors considered the impact of the record US stimulus package and a fall in oil prices to their lowest point in 18 years.
妖精视频Mercedes, Formula One and London university engineers have developed a breathing aid for coronavirus patients in intensive care as British industry steps up its efforts to provide life-saving technology to bolster frontline services.