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PHILIPPINES stocks climbed the most in Asia, rounding their best seven-day rally in more than two decades, on optimism the economic fallout from the coronavirus outbreak won’t be as bad as feared after the central-bank governor said monetary-easing steps were appropriate.
SYDNEY: Japanese stocks drifted near their more than three-month highs on Thursday on signs of an economic rebound from a coronavirus-led slump and a weakening yen, with the rally losing steam as investors locked in profits.
NEW YORK: Wall Street rallied broadly on Wednesday with the Nasdaq approaching record highs as signs of an economic recovery from mandated shutdowns helped investors look beyond U.S. social unrest and pandemic worries.
PETALING JAYA: The rally in the local stock market continued, as investors took positions on expectations of a quick recovery in the economy from the coronavirus (Covid-19) pandemic.
SYDNEY: Australia is heading for its first recession in nearly three decades after the economy shrunk in the January-March quarter, with a “far more severe” reading expected in the next three months as the effects of the virus shutdown bite.
NEW YORK: Tiffany & Co plunged after Women’s Wear Daily reported LVMH’s deal to buy the luxury jewellery company is uncertain as the US economy faces widespread upheaval.
NEW YORK: World stock markets hit their highest levels since March and oil prices jumped on Tuesday as signs of a global economic recovery from the coronavirus pandemic offset concerns over the worst civil unrest in the United States in decades.
PETALING JAYA: Bursa Malaysia’s benchmark index extended its bullish momentum to hit its highest in three months, fuelled by optimism in the economy and the lifting of Singapore’s circuit breaker.
Job flows deemed slow despite easing of MCO