Wall Street roars to record peak on rosy earnings, dollar wilts

NEW YORK (Reuters) – U.S. shares bounded to record highs on Thursday helped by strong company earnings and solid economic growth data, though the Federal Reserve’s message earlier this week that it is in no hurry to taper stimulus pinned the dollar at a one-month low.Slideshow ( 3 images )Following a spate of strong corporate […]

Wall Street mixed after higher jobless claims chill risk-taking

NEW YORK (Reuters) – U.S. markets were mixed on Thursday as a report showed jobless claims increased last week while the country still reckons with the economic impact of the COVID-19 pandemic, and yields on safe-haven assets as U.S. Treasuries were little changed.FILE PHOTO: People are seen on Wall Street outside the New York Stock […]

Dollar on track for weekly gain amid virus concerns

LONDON (Reuters) – The dollar was headed for a weekly gain on Friday, supported by investors’ drift toward safety as rising COVID-19 infections loomed over the pandemic recovery.FILE PHOTO: A picture illustration shows U.S. 100-dollar bank notes taken in Tokyo August 2, 2011. REUTERS/Yuriko NakaoThe dollar index, tracking the greenback against major currencies, is on […]

Dollar steadies amid pandemic concerns, inflation in focus

LONDON (Reuters) – The safe haven dollar ticked up against most currencies on Monday as concerns about the pandemic made investors cautious, while they also awaited more clues about the global economic recovery before making their next moves.FILE PHOTO: A U.S. dollar banknote is seen in this illustration taken May 26, 2020. REUTERS/Dado Ruvic/IllustrationWith markets […]

U.S. stocks follow Europe up; Treasury yields rise, dollar firm

LONDON/NEW YORK (Reuters) -U.S. stocks moved higher on Friday, following gains in equities in Europe, while Treasury yields rose and the dollar held firm as markets took a cautious breather amid fresh concerns about the pace of economic recovery from COVID-19.FILE PHOTO: A security camera is seen next to signage outside of the New York […]

World stocks steady, Treasuries yields edge up as Delta variant spreads

LONDON (Reuters) – World stocks steadied, Treasury yields bounced and the dollar held firm on Friday as markets took a cautious breather in the face of fresh concerns over the pace of the world’s economic recovery from COVID-19.The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, July 8, […]

Yen, Swiss franc stand tall as risk aversion pummels Aussie, kiwi

TOKYO (Reuters) – The safe-haven yen and Swiss franc stood tall on Friday, while risk-sensitive currencies including the Australian and New Zealand dollars dipped to fresh multi-month lows as investors turned cautious about the global economic recovery.FILE PHOTO: Euro, Hong Kong dollar, U.S. dollar, Japanese yen, pound and Chinese 100 yuan banknotes are seen in […]

UK's Sunak calls for progress on global tax deal at G20 gathering

FILE PHOTO: Britain’s Chancellor of the Exchequer Rishi Sunak meets with U.S. Treasury Secretary Janet Yellen (not pictured), in London, Britain June 3, 2021. REUTERS/Hannah McKay/Pool/File PhotoLONDON (Reuters) – British finance minister Rishi Sunak called for progress on a global deal to agree a minimum corporate tax rate and how to split revenue from large […]

Asian stocks extend global rally after U.S. jobs report

TOKYO (Reuters) – Most Asian stocks gained on Monday, extending the rally that took global equities to a record high after a U.S. jobs report signalled the economic recovery remained intact but didn’t yet warrant any immediate withdrawal of Federal Reserve stimulus.FILE PHOTO: A man watches an electric board showing Nikkei index outside a brokerage […]