Deals

News Photos

Stocks Climb With Futures; Gold Dips Below $1,900: Markets Wrap
Click on the image below to view in Stereo 3D

Stocks Climb With Futures; Gold Dips Below $1,900: Markets Wrap
(Bloomberg) -- European stocks bounded higher with U.S. futures as equity markets built upward momentum after the September selloff cut valuations. Gold slipped below $1,900 an ounce.Gains in airlines, media and auto shares pushed the Stoxx Europe 600 toward its best increase in two weeks. Contracts on the blue-chip Dow Jones Industrial Average outperformed those on the Nasdaq 100 as investors turned more cautious on tech stocks. Tesla Inc. fell in the premarket after the carmaker’s presentation disappointed investors. Nike soared in premarket trading after its sales and profit sailed past estimates.Treasuries steadied before Federal Reserve Chairman Jerome Powell and other policy makers speak later in Washington. A gauge of the dollar rose after breaking above a key technical resistance level. Sterling dropped to a two-month low after U.K. Foreign Secretary Dominic Raab said that a second British lockdown cannot be ruled out.A surge in virus infections and fears of another round of quarantines are already stifling green shoots in Europe, the latest Purchasing Managers’ Index showed Wednesday. In London’s financial district, recommendations by the U.K. government are thwarting plans by Goldman Sachs Group Inc., HSBC Holdings Plc and other big banks to bring workers back to the office.With global stocks are still on track for their first monthly drop since March, investors are parsing economic news and less dovish comments from some Fed officials to determine whether a floor has been put under the September selloff in equities.“We are seeing a solid bounce, but it’s in the context of a very sharp pullback on Monday, which was a reset,” said Neil Wilson, chief market analyst in London for Markets.com. “We had bulls just tipping their toes back in the water, and the higher closes -- as small as they were -- seems to have been enough to cue today’s gains.”Elsewhere, Zambia became the first African country to ask bondholders for relief since the onset of the coronavirus.These are some events to watch this week:Powell appears before the House Select Subcommittee on the coronavirus to discuss the central bank’s response on Wednesday.U.S. initial jobless claims are due Thursday.These are some of the main moves in markets:StocksThe Stoxx Europe 600 Index gained 1.5% as of 10:40 a.m. London time.Futures on the S&P 500 Index increased 0.5%.Nasdaq 100 Index futures climbed 0.5%.The MSCI Asia Pacific Index rose 0.2%.CurrenciesThe Bloomberg Dollar Spot Index increased 0.1%.Sterling was unchanged at 0.9195 per euro.The Japanese yen weakened 0.1% to 104.99 per dollar.The Mexican peso weakened 0.6% to 21.8354 per dollar.BondsThe yield on 10-year Treasuries was unchanged at 0.67%.Germany’s 10-year yield decreased less than one basis point to -0.51%.Britain’s 10-year yield dipped one basis point to 0.196%.Australia’s 10-year yield declined three basis points to 0.8095%.CommoditiesWest Texas Intermediate crude rose 0.4% to $39.97 a barrel.Gold weakened 0.6% to $1,887.96 an ounce.Silver weakened 3.2% to $23.61 per ounce.Iron ore dipped 1.8% to $111.98 per metric ton.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
More Description
Image URL

 
 
 
vlrPhone
vlrFilter
vlrMemos

Project of very low consumption, radiation and bitrate softphones
Multifunction Audio Filter with Remote Control
App to measure the quality of the voice
More Information
Free the Animation VR
AR

Play to reveal 3D images and 3D models
More Information

WhmSoft Moblog
Copyright (C) 2006-2020 WhmSoft
All Rights Reserved