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(Reuters) - Wall Street was set to extend its recovery on Wednesday as a surge in shares of Apple and Boeing after their results overshadowed concerns over the economic impact of a fast-spreading coronavirus.
HONG KONG (AP): Shares advanced in most European and Asian markets on Wednesday (Jan 29) after a rebound on Wall Street reversed most losses from a sell-off the day before.
Apple Inc supplier Foxconn said it could continue to meet all manufacturing obligations in the wake of a coronavirus outbreak in China even as the iPhone maker flagged uncertainty created by the disease.
The iPhone is back. But Apple is girding for more disruptions in virus-hit China.
KUALA LUMPUR: The FBM KLCI eked out slight gains early Wednesday, as investors took comfort from the firmer Wall Street close, but selling on Tenaga Nasional weighed on the index.
NEW YORK: Oil futures edged up on Tuesday after falling for five days, gaining support from a rebound in Wall Street stocks and talk that OPEC and its allies might tighten the market amid fears the coronavirus could weigh on Oil demand.
NEW YORK: Global equity markets rebounded in a broad rally on Tuesday and some safe-haven assets eased as investors took a less pessimistic view of the potential economic fallout from China's coronavirus outbreak.
Glove makers receive urgent request from China
HOUSTON: At Exxon Mobil Corp, CEO Darren Woods’ plan to revive earnings at the largest US oil and gas company is being sidetracked by the two businesses he knows best: chemicals and refining.
TOKYO: European shares and US futures were higher after another day of losses in Asia on Tuesday (Jan 28) as worries deepened over the expanding outbreak of a new virus in China.