US stocks slump as investors fear resurgence in coronavirus infections

US stocks slumped on Thursday with the Dow shedding more than 5 percent and the index on track for its sharpest one-day decline since March 18, as investors fretted over a resurgence in coronavirus infections and a grim economic outlook from the Federal Reserve. The S&P 500 and the Dow Jones were set to wipe […]

Read More

Stocks tumble as coronavirus recovery rally takes a hit

US stocks tumbled Tuesday after a six-day rally that had briefly left the S&P 500 index in positive territory for the year. The Dow Jones industrial average dropped as much as 421.38, or 1.5 percent, to 27,151.06 by midday, as doubts resurfaced about the US economy’s ability to recover from the coronavirus crisis. The blue-chip […]

Read More

Uruguay consumer prices rose 0.57% in May: official statistics agency

MONTEVIDEO (Reuters) – Uruguay’s consumer price index rose 57% in May, the South American country’s official statistics agency said on Wednesday, bringing 12 month inflation to 11.05% Analysts polled by the central bank had expected a rise of 0.54% in May consumer prices. Disclaimer: Fusion Media would like to remind you that the data contained […]

Read More

A long and winding road to recovery for European stocks: Reuters poll

© Reuters. A general view shows the German share prize index DAX board during afternoon trading as markets react on the coronavirus disease (COVID-19) at the stock exchange in Frankfurt By Julien Ponthus LONDON (Reuters) – The recovery from the coronavirus financial crash will take time for European stocks which are expected to end 2021 […]

Read More

Money market stress adds to case for more ECB action

© Reuters. The German share price index DAX graph is pictured at the stock exchange in Frankfurt By Dhara Ranasinghe and Tommy Wilkes LONDON (Reuters) – Funding costs in a vital corner of euro zone money markets remain at worryingly high levels even after unprecedented ECB action, indicating the central bank may need to do […]

Read More

Britain eases rules to speed up company capital raising

© Reuters. FILE PHOTO: Traders looks at financial information on computer screens on the IG Index trading floor LONDON (Reuters) – Britain’s markets watchdog set out temporary measures on Wednesday to help companies raise cash quickly to get through the epidemic that has shuttered much of the economy. The Financial Conduct Authority (FCA) said it […]

Read More

Investors dump Canadian stocks, bet on more rate cuts as oil slumps

By Fergal Smith TORONTO (Reuters) – Canada’s main stock index fell on Monday by the most since the 2008 global financial crisis and the hit a near-three-year low as a plunge in oil prices rattled investors, with pressure rising on the Bank of Canada to cut interest rates further. The Toronto Stock Exchange Composite Index […]

Read More