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Global shares advanced on Monday after an unexpected recovery in U.S. employment. This made investors optimistic that global economies could recuperate faster than previously thought.
Oil prices fell flat after OPEC and its allies, including Russia, agreed to continue slashing oil outputs until the end of July.
U.S. S&P futures currently stand at 0.2%. They previously inched up by 0.8%, placing near their highest since late February. Japan’s Nikkei rallied 0.9%.
MSCI’s broadest index of Asia-Pacific shares outside Japan soared 0.3%, recording eight consecutive days of positive performance.
The employment rate came out better than expected as nonfarm payrolls increased by 2. 509 million jobs in May. The strong numbers followed after the historic drop of 20.687 million jobs in April, beating the consensus estimates of 8 million job losses.
Oil traded higher on Friday, further reclaiming lost ground from three-week lows in the previous session as the COVID-19 situation continued to dent the global economy as well as oil consumption. Brent crude gained 0.3%, trading at $43.08 ...
European shares traded lower earlier on Thursday after underwhelming earnings reports dampened a U.S. Fed vow to continue rolling out stimulus plans in a bid to soften the economic blow of the COVID-19 pandemic. The pan-European STOXX lost ...
Oil prices fell on Thursday as the rising global coronavirus cases weighed on fuel demand recovery just as OPEC+ producers are set to increase supply. The Brent contract for October slid 0.05%, or 2 cents, at $44.07 per barrel, while the September ...
Oil prices climbed on Wednesday after U.S. crude inventories fell against analysts’ expectations, prompting a boost in the market amid the coronavirus resurgence. Brent crude futures gained 0.3%, or 14 cents, at $43.36 per barrel. U.S. ...
European stocks traded slightly higher on Tuesday ahead of a U.S. decision to roll out additional stimulus plans despite the underwhelming quarterly earnings reports from the luxury goods market. The pan-European STOXX index inched higher ...
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