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NEW YORK:Major U.S. and European stock indexes surged to fresh records on Tuesday after China's senior medical adviser suggested the deadly coronavirus may be over by April, an outlook that also helped crude prices gain on hopes of renewed Chinese demand.
NEW YORK: Gold rose and the dollar hit a four-month high against the euro on Monday on safe-haven appeal as the death toll from the coronavirus outbreak passed that of the SARS epidemic two decades ago, but Wall Street rallied to record highs.
SINGAPORE: The dollar held gains on Monday after job market data provided the latest sign of U.S. economic strength, while worries about the coronavirus epidemic kept other trade-exposed currencies subdued.
WASHINGTON: There is an even balance in the share of US businesses reporting decreases and increases in employment for the first time in a decade, a survey showed, the latest suggestion that the labour market has likely peaked and job growth could slow this year.
NEW YORK: Oil prices rose and a gauge of global equity markets hit a new high on Tuesday as investors awaited a China-U.S. trade deal they hope will spur world growth after the economy in 2019 saw its weakest year since the financial crisis.
HOUSTON: Oil fell below $65 a barrel on Friday in its first weekly loss since late November, erasing the week's risk premium added since a U.S. drone strike killed a top Iranian general as investors focused on rising U.S. inventories and other signs of ample supply.
SYDNEY: Australian unemployment unexpectedly declined in November as the labour market persisted in defying slower economic growth, validating the central bank’s decision to pause interest-rate reductions.
TOKYO: Shares fell in Europe on Monday (Dec 9) after a day of gains in Asia. Investors were encouraged by a wave of buying late last week on Wall Street that was spurred by strong US jobs numbers and optimism over China-US trade.
Waning momentum in the economy may be buoyed by the US consumers as job growth continues to surge but downside risks remain.
NEW YORK: Government debt yields and a gauge of global equity markets rose on Wednesday as sentiment improved after U.S. President Donald Trump said trade talks with China were going "very well" and a news report suggested key differences were being ironed out.