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Bonds Drop After Powell; Stocks, Futures Advance

Bonds Drop After Powell; Stocks, Futures Advance

Treasury yields jumped after Jerome Powell said the Federal Reserve will remain accommodative and shift to a more relaxed approach on inflation. U.S. and European stock futures rose along with most Asian equities. Yield curves steepened in Asia along with U.S. Treasuries after Powell said the Fed will seek inflation that averages 2% over time, a...

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Global Stock Rally Stalls in Asia; Bonds Climb

Global Stock Rally Stalls in Asia; Bonds Climb

A rally that pushed global equities to a record stalled Thursday ahead of a speech from Federal Reserve Chair Jerome Powell on a monetary policy framework review. Treasuries edged higher. Asian stocks traded mixed, with Japan, South Korea and Hong Kong declining, while China posted modest gains and Australia outperformed. U.S. futures dipped while Europe’s...

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Stocks Stall Near Global Record; Dollar Holds Drop

Stocks Stall Near Global Record; Dollar Holds Drop

A rally in global stocks stalled within a whisker of February’s all-time high as investors mulled the pace of the recent gains and expectations for loose monetary policy. The dollar retained losses. Shares slipped in Japan, Australia and South Korea, while equities in China and Hong Kong opened flat. S&P 500 futures were steady after...

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Stocks, Futures, Yuan Climb on Trade, Virus Hope

Stocks, Futures, Yuan Climb on Trade, Virus Hope

U.S. and European futures climbed alongside most Asian stocks Tuesday on optimism about treatments for the coronavirus and signs of progress on trade negotiations. The offshore yuan strengthened and the dollar slipped. Stocks rose in Japan, Australia and South Korea, fluctuated in China and dipped in Hong Kong. S&P 500 futures advanced after the benchmark...

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U.K.’s Sunak Faces difficulties on Job Furlough Program

U.K.’s Sunak Faces difficulties on Job Furlough Program

Rishi Sunak’s tenure as U.K. Chancellor of the Exchequer is reaching a defining moment as he decides whether millions of workers living off government aid should soon begin fending for themselves in a crippled economy. In just over two months, his furlough plan that pays up to 80% of an employee’s salary will finish. Sunak has dismissed...

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Hong Kong Stocks Lead Asia Higher; Dollar Slips

Hong Kong Stocks Lead Asia Higher; Dollar Slips

Stocks rose, led by gains in Hong Kong, amid signs of a thawing in U.S.-China tensions from the Trump administration and as investors await a policy speech by Federal Reserve Chair Jerome Powell later this week. The dollar dipped. Hong Kong shares opened about 1% higher, with WeChat owner Tencent Holdings Ltd. rising almost 4%....

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Stocks Push Higher With Futures; Dollar Dips

Stocks Push Higher With Futures; Dollar Dips

Asian stocks, U.S. and European equity futures climbed Friday as technology shares continued to drive gains, tempering concern over a bumpy economic recovery. The dollar edged lower. Stocks saw a modest advance in Hong Kong, China and Japan, following a fresh Nasdaq 100 record overnight. Volumes were below average. South Korean stocks pared some of...

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Euro Area Sheds Half of Jobs Created Since Last Recession

Euro Area Sheds Half of Jobs Created Since Last Recession

The coronavirus pandemic has wiped out nearly half of the 12 million euro-area jobs created since the last recession, in another sign of the enormous damage wreaked on the economy. Employment slumped by 4.9 million in first half of the year, almost all in the second quarter when the most stringent measures to contain the...

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Stocks, U.S. Futures Drop; Dollar Extends Gain

Stocks, U.S. Futures Drop; Dollar Extends Gain

Asian stocks as well as U.S. and European futures came under pressure Thursday after Federal Reserve minutes signaled tempered optimism about second-half growth and Sino-American tensions simmered. The dollar continued to rebound. Stocks fell in Japan, China and Australia, with Hong Kong and South Korean shares underperforming. A drop in S&P 500 futures signaled Wednesday’s weakness...

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Dollar Steadies; Storm Delays Hong Kong Trading

Dollar Steadies; Storm Delays Hong Kong Trading

The dollar steadied near a more than two-year low while Asian stocks were mixed despite a record close for their U.S. peers. The morning session for Hong Kong’s equity market was canceled due to a typhoon. Shares rebounded in South Korea from Tuesday’s slide, were little changed in Japan and climbed in Australia. Chinese shares slipped amid...