Hopes Archives - Zxcoachoutlet

Stocks climb again on Wall Street with hopes for stimulus

October 10, 2020

NEW YORK — Stocks rose for the second day in a row Thursday, reflecting hope on Wall Street that Washington can approve more aid for the economy and encouragement from a report that suggests the pace of layoffs is slowing a bit, even though it remains incredibly high.

The S&P 500 climbed 0.8%, adding to its solid gains from a day earlier, when President Donald Trump apparently backtracked on his decision to halt talks on more aid for the economy. He said in a televised interview Thursday morning that “very productive” talks have begun on stimulus.

Stocks have been particularly rocky since early September, swerving on worries about everything from too-expensive prices to the still-raging pandemic, but the S&P 500 has been generally climbing the last two weeks and is on pace for its best week since August.

Resurgent optimism about the possibility that the Democrats and Republicans will deliver

South Africa’s rand firms on U.S. stimulus hopes, stocks rose

October 9, 2020

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Updates rand, bonds; add stocks

JOHANNESBURG, Oct 9 (Reuters) – South Africa’s rand firmed on Friday, as hopes for U.S. stimulus spending lifted sentiment globally, encouraging investors to buy riskier assets in emerging markets.

At 1500 GMT, the rand ZAR=D3 traded at 16.4350 against the U.S. dollar, 0.93% stronger than its previous close.

The expectations of stimulus in the world’s largest economy have provided a welcome boost for the rand by weakening the dollar .DXY and boosting appetite for risk-sensitive currencies.

After stalling talks with Democrats on a comprehensive aid package earlier this week, U.S. President Donald Trump on Thursday called for a “skinny” relief bill that would include elements such as direct payments and a bailout of the struggling airline sector.

“President Trump provided the catalyst for market activity again, as he affirmed his commitment to a stimulus package, which has provided support for emerging markets,” Nedbank analysts

Merger And Acquisition Activity, Stimulus Hopes, Higher Yields

October 9, 2020

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Key Takeaways:

Volatility ebbing after spike earlier in the week
Aid for struggling airlines a top focus in ongoing stimulus talks
AMD reportedly in talks to buy rival chipmaker Xilinx
XLNX

An election with far-reaching policy implications—one way or the other—is less than a month away. Big banks are set to kick off what could be a challenging earnings season. Fresh outbreaks of Covid-19 have been reported here and abroad. And a Category 3 hurricane—the 25th named storm this season—is about to make landfall in the U.S.

And yet, the S&P 500 Index (SPX) and other indices find themselves within striking distance of all-time highs as a rally enters its third day early Friday. The Dow Jones Transportation Average ($DJT) has actually made new all-time highs. After touching 30 earlier in the week, the Cboe Volatility Index (VIX) has fallen 13% and starts the day with

European Shares Mostly Higher On Stimulus Hopes

October 9, 2020

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(RTTNews) – European stocks were modestly higher in cautious trade on Friday after hitting a three-week high the previous day amid optimism that U.S. stimulus talks are continuing.

A cautious undertone prevails after several European countries reported their highest level of daily new coronavirus infections.

Spanish Prime Minister Pedro Sanchez has called an extraordinary cabinet meeting today to consider declaring a state of emergency for Madrid and its surrounding region.

The pan European Stoxx 600 edged up 0.2 percent to 369.03 after closing 0.8 percent higher on Thursday.

The German DAX slid about 0.1 percent, while France’s CAC 40 index rose 0.3 percent and the U.K.’s FTSE 100 was up as much as 0.7 percent.

British Finance minister Rishi Sunak will announce later in the day a new plan to support jobs and businesses that are affected by coronavirus shutdowns.

Danish pharmaceutical company Novo Nordisk A/S surged nearly 4 percent

Global stocks follow Wall Street higher on stimulus hopes

October 9, 2020

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BEIJING (AP) — Global stock markets and Wall Street futures rose Friday after President Donald Trump said talks had resumed on an aid package for the struggling U.S. economy.

London and Frankfurt opened higher. Shanghai and Sydney advanced. Tokyo and Hong Kong declined.

Wall Street gained Thursday after President Donald Trump, who earlier called off negotiations with legislative leaders, said “very productive” talks had begun. Separately, a report indicated the near-record pace of U.S. job losses might be slowing.

Stock prices have been volatile since mid-September as investors swing between optimism about possible development of a coronavirus vaccine and unease that markets recovered too fast and shares are too expensive.

“When the world’s financial markets are at the mercy of the randomness emanating from the White House, it is hardly surprising that investors elsewhere would prefer to wait on the side-lines,” said Jeffrey Halley of Oanda in a report. “Unfortunately,

Bonds suck in $26 billion as “blue wave” hopes gather pace

October 9, 2020

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LONDON, Oct 9 (Reuters) – Bond funds saw the second-largest weekly inflows ever of $25.9 billion, BofA said on Friday, as the market continues to price in a Democratic sweep in next month’s presidential election, which could mean even more fiscal stimulus.

“Blue wave election outcome (Democrats winning) has curiously flipped from consensus bear to bull catalyst in recent months,” the U.S. investment bank said.

Equity funds attracted $4.4 billion, mainly driven by U.S. equities, BofA said. Government and U.S. Treasury bond funds sucked in $3.8 billion, the largest inflows in 14 weeks, in the week to Oct. 7.

The bank also highlighted the likelihood of renewable energy stocks front-running a Democratic election sweep that was followed by a fiscal stimulus, pointing to one solar energy exchange traded fund’s stellar performance.

Invesco solar ETF TAN.P soared 255% from its March lows and has gained 42% in the last month alone.

GLOBAL MARKETS-Global shares advance on stimulus, Biden victory hopes

October 9, 2020

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By Hideyuki Sano

TOKYO, Oct 9 (Reuters) – Asian shares inched towards 2-1/2-year highs on Friday as revived hopes for a U.S. stimulus deal eclipsed weaker-than-expected jobs data, while mainland Chinese markets jumped after a week-long holiday.

Investors were also increasingly expecting the Democrats to take back the White House, and possibly the Senate as well, in the Nov. 3 U.S. election, analysts said.

A widening lead for Democratic presidential candidate Joe Biden is seen as reducing the risk of a contested election and opening the way for a big economic stimulus, helping to counter investors’ wariness about a Democrat pledge to hike corporate tax rates.

European shares are expected to open higher with Euro Stoxx50 futures STXEc1 rising 0.1% in early trade.

MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS rose 0.34%, inching closer to its Aug. 31 peak, which was its highest level since March 2018.

Asian stocks follow Wall Street higher on stimulus hopes

October 9, 2020

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BEIJING (AP) — Asian stock markets followed Wall Street higher on Friday on hopes Washington will provide more aid to the struggling U.S. economy.

Benchmarks in Shanghai, Hong Kong, South Korea and Sydney advanced. Tokyo was off 0.1%.

Wall Street gained Thursday after President Donald Trump suggested he might be reversing his decision to halt talks on economic aid. Separately, a report indicated the near-record pace of U.S. job losses might be slowing.

Stock prices have been volatile since mid-September as investors swing between optimism about possible development of a coronavirus vaccine and unease that markets recovered too fast and shares are too expensive.

“The on-and-off nature of the fiscal stimulus discussion in the U.S. hardly inspires lasting confidence,” said Mizuho Bank in a report. “Uncertainty around the presidential election on 3 November will likely persist not only through to polling day but possibly after.”

The Shanghai Composite Index, resuming

Asian Stocks Follow Wall Street Higher on Stimulus Hopes | Business News

October 9, 2020

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By JOE McDONALD, AP Business Writer

BEIJING (AP) — Asian stock markets followed Wall Street higher on Friday on hopes Washington will provide more aid to the struggling U.S. economy.

Benchmarks in Shanghai, Hong Kong, South Korea and Australia advanced. Tokyo was off 0.1%.

Wall Street gained Thursday after President Donald Trump suggested he might be reversing his decision to halt talks on economic aid. Separately, a report indicated the near-record pace of U.S. job losses might be slowing.

Stock prices have been volatile since mid-September as investors swing between optimism about possible development of a coronavirus vaccine and unease that markets recovered too fast and are too expensive.

“The on-and-off nature of the fiscal stimulus discussion in the U.S. hardly inspires lasting confidence,” said Mizuho Bank in a report. “Uncertainty around the presidential election on 3 November will likely persist not only through to polling day but possibly after.”

Asian shares close in on 2-1/2-year peak as U.S. stimulus hopes return

October 9, 2020

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By Hideyuki Sano, Imani Moise

TOKYO/NEW YORK (Reuters) – Asian shares inched close to 2-1/2-year highs on Friday as revived hopes for a U.S. stimulus deal eclipsed weaker-than-expected jobs data, while mainland Chinese markets jumped after a week-long holiday.

Traders work on the trading floor of the Philippine Stock Exchange amid the coronavirus disease (COVID-19) outbreak, in Taguig City, Metro Manila, Philippines, September 30, 2020. REUTERS/Eloisa Lopez/Files

Investors are also increasingly expecting the Democrats to take back the White House, and possibly the Senate as well, in the Nov. 3 U.S. election, analysts said.

A widening lead for Democratic Presidential candidate Joe Biden is seen as reducing the risk of a contested election and opening the way for a big economic stimulus, helping to counter investors’ wariness about a Democrat pledge to hike corporate tax rates.

MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS rose 0.15%, inching closer to