Page 5 - Global Stock Markets

Gold set for worst month in 4 years as vaccine news pulls stocks to highs

Gold slipped and was on track for its worst month in four years, as optimism over a Covid-19 vaccine-led economic rebound that propelled equities to record highs dulled the metal's safe-haven appeal

Asian stocks hit record high as investors set aside Covid-19 fears

Asian equities hit a record high on Monday as investors set aside fears about rising coronavirus cases and bought stocks, cheered by data showing a robust recovery in China and Japan

Global trends, Covid developments to drive markets in coming week: Analysts

Investors' focus will move to global trends and developments on the Covid-19 pandemic front amid lack of any major domestic trigger in a holiday-shortened week ahead, analysts said

Chinese banks biggest winners from new regulations that botched Ant IPO

Merchants Bank, known as the retail bank king in China, has soared 18% in Hong Kong this month, its biggest seven-day advance in more than five years

Asian stocks mixed after Wall Street rose amid US election voting

Asian stock markets were mixed Friday after Wall Street rose amid protracted vote-counting following this week's US elections. Tokyo and Sydney advanced while Shanghai and Hong Kong declined. Seoul swung between gains and losses. Markets are betting on control of the US Congress being split between Republicans and Democrats, which could mean low taxes and light regulation that investors like stay in place. On Wall Street, the benchmark S&P 500 index closed 1.9 per cent higher. It is moving toward its biggest weekly gain since April. I find it remarkable how relaxed these markets are under the circumstances, said Craig Erlam of Oanda in a report. Hopefully, the faith investors have shown is rewarded, because the last thing we need is an extremely messy conclusion to what has already been a hostile and divisive election. The Shanghai Composite Index lost 0.5 per cent to 3,302.02 while the Nikkei 225 in Tokyo gained 1.1 per cent to 24,367.35. The Hang Seng in Hong Kong shed 0.3 per

Asian shares near a three-year peak, dollar soft in US deadlock trade

A gauge of Asian shares was set to cling to a near 3-year peak while the dollar stayed sluggish as prospect of a divided US legislature dimmed the chance of major policy changes, lifting risk appetite

Asian share markets follow Wall Street higher on US gridlock bets

Asian share markets firmed while bonds held big gains as investors awaited a clear result from the US election, with the likely prospect of policy gridlock seemingly welcomed by Wall Street overnight

Riding high

High liquidity, low interest rates lead to stock market upswing

Global stock markets retreat after Donald Trump tests Covid-positive

While Trump was said to be experiencing only mild symptoms, his diagnosis adds to gloomy developments around the virus as big cities once again turn into hotspots.

Traders shun risky assets as new lockdowns loom, global stocks tumble

Stocks across the world hit their lowest in seven weeks and other risk assets sold off on Monday

Not Tesla or FAANGs, swelling optimism boosts Sea Ltd's shares by over 880%

After a rocky first year of trading, Sea's stock has gone on to trounce everything in its class

Wall Street snaps 2-day slump amid rally in tech shares, oil prices

Stocks have rebounded sharply since late March from the coronavirus-fueled sell-off, helped by massive monetary and fiscal stimulus

Amidst the gloom and doom, the market's exuberance is confounding

For the sake of context, the financial crisis of 2008 had seen the S&P 500 fall by more than 50 per cent from its peak

Covid-19 impact: Investors flip over 2020 to bet on 2021 for buy signals

Wall Street's fear gauge, the Cboe Volatility Index as well as the Euro STOXX 50 volatility index have steadily dropped over the past month to the low 30s

Rate cut losing its potency as an instrument to stimulate growth: Analysts

People remain a little skeptical on how much rate cuts can aid economic recovery at a time when coronavirus is getting a tighter grip on the world

From Trump to Musk, how one tweet from them moves markets across the globe

When you consider how instantaneously social media information is spread, Twitter is contributing to the efficient functioning of financial markets

Global stock markets: Goldilocks fights back but bears still swinging

Copper, one of the industrial metals seen as a sensitive gauge of global economic health, climbed over 1.3 per cent