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Shares of Netflix and Amazon.com had supported the world stock market on Thursday. Hefty gains were monitored as investors anticipated large earnings posed by the stay-at-home setup. However, yields faltered as negative U.S. jobs data indicated a surge in unemployment.
Amazon (AMZN.O) and Netflix (NFLX.) greatly advanced as the current home quarantine mandate increased the demand for online streaming and home delivery services.
Morgan Stanley recorded a 32% setback in its quarterly session while its shares dropped 0.3%
Chief Executive James Gorman of Morgan Stanley (MS.N) warned shareholders that the bank is likely to miss its medium-term financial targets again this quarter, as lockdown restrictions continue to disrupt the global economy and U.S. markets.
Equities market operated under a turbulent mood as poor U.S. jobs data showed a sharp recession. The weak report had made investors doubt that the economy will soon recover. In addition to this, millions of Americans demanded unemployment benefits as signals show a sharper economic downturn.
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
Asian stocks advanced on the prospect of ultra-easy monetary policy as the U.S. Federal Reserve kept interest rates near zero. Fed deemed it necessary to salvage the ailing economy, dragging the dollar down to a two-year low. The target range ...
On Wednesday, European stocks rose slightly after mixed earnings reports. However, the new wave of the coronavirus outbreak kept investors cautious while they also wait for the U.S. Federal Reserve’s announcement. The Stoxx Europe 600 ...
European shares fell earlier on Monday, weighed down by travel stocks after the U.K. placed a quarantine on travelers from Spain as the number of COVID-19 cases continue to surge. The pan-European STOXX index lost 0.5% at 0718 GMT. Meanwhile, ...
Backed by record-low mortgage rates, U.S. home sales reached its strongest record in June. However, the outlook for the housing market remained murky as low inventory and high unemployment rate pressed amid the virus crisis. Existing home ...
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