As Wall Street banks reported quarterly results this week, investors wondered about the staying power of the trading bonanza that has floated profits, offsetting problems in traditional lending businesses that have been hurt by the pandemic.
Hong Kong stocks ended higher on Friday to post their third weekly gain in a row, as investors cheered fresh policy support and upbeat data that pointed to China’s economic recovery from the coronavirus crisis.
As a technology-driven rally brings U.S. stock indexes within striking distance of fresh records, concerns that big names are over-extended and that new regulation might be coming have some investors diversifying beyond the rally leaders.
European shares sank on Thursday as a resurgence in Covid-19 cases across the continent and fading hopes for more US fiscal stimulus before the presidential election dented demand for equities globally.
Asian markets were mixed onFriday, with gainers supported by bargain-buying after the previous day’s sell-off, with investors growing increasingly concerned about new lockdown measures in Europe as a second wave of coronavirus takes hold.
Few companies have been as hard hit by the coronavirus pandemic as Exxon Mobil .
US stocks closed lower on Thursday after paring earlier losses as investors continued to hold out hope for a fiscal stimulus deal to be passed by Congress prior to the November elections.
Investor wealth on Thursday eroded by Rs 3.25 lakh crore as the equity markets witnessed massive selloff, halting its 10-session winning run.
Russian market indexes ended the trading session on Thursday in the red.
The Bank of Russia sold 8.7 bln rubles ($111 mln) worth of foreign exchange on the domestic market with settlements on October 14 as part of preventive measures curbing volatility, the regulator reported on Thursday.