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KUALA LUMPUR: The vaccine-fuelled rally took a breather early Wednesday as investors gave excuses to take profit that optimism for US-based Moderna Inc.’s coronavirus vaccine was overdone.
NEW YORK: The euro and European government debt rallied on Tuesday, lifted by a Franco-German proposal to fund grants for regions hit hardest by the coronavirus pandemic, while oil traded mostly higher on growing demand as countries eased business lockdowns.
LONDON: Despite billions spent by the Swiss National Bank to curb the franc’s advance, traders pushing the currency toward parity with the euro might have their way.
NEW YORK CITY: A hard-to-see shift in how Wall Street views the future of S&P 500 profits may have set the stage for days like today, when stocks are rising the most in nearly three weeks.
NEW YORK CITY: Oil’s historic crash below zero looked increasingly like an aberration as the June contract held gains following a three-day rally in its last session of trading before expiring.
KUALA LUMPUR: Key Asian markets including Bursa Malaysia ended Tuesday on a firm note as investor sentiment was boosted by hope from the early-stage trial for a Covid-19 vaccine and firmer oil prices.
SYDNEY/HONG KONG: Asian shares extended gains on Tuesday as more countries emerged from their economic lockdowns and a successful early-stage trial of a coronavirus vaccine cheered sentiment, although oil shed some of its early moves higher.
Covid-19: Hong Kong ramps up tests in airports, care homes, yet to decide on extension of restrictions
BANGKOK (AP): Hong Kong’s leader Carrie Lam says the territory is ramping up testing, especially for workers at the busy international airport and caregivers at homes for the elderly and disabled.
KUALA LUMPUR: The rally on Bursa Malaysia continued on Tuesday as positive early test results for a coronavirus vaccine sent global equities and oil prices higher.
HONG KONG (AFP): Hopes for a vaccine to treat coronavirus and a further easing of lockdown measures around the world spurred a rally on Asian markets Tuesday (May 19) as investors tracked a surge across Europe and Wall Street.