INSUBCONTINENT EXCLUSIVE:
financial crisis is revving up again, notching its fourth straight weekly gain and pushing its advance in 2019 past 22 per cent
After wavering at mid-year amid a US-China trade war and recession anxieties, American stocks are back in melt-up mode, ending three of the
tail end of bull markets past
A study by Bank of America Corp
The S-P 500 powered to a fresh high Friday after an unexpectedly strong hiring report offered hope that the labor market can propel
consumer spending and extend the record-long expansion despite weak business investment and trade tensions
further changes, up or down, any time soon
That sent stocks to a record, before a batch of weak economic data and renewed worries over trade weighed on the measure Thursday
The S-P 500 is up 1.5 per cent in the week
about reaching a comprehensive long-term trade deal with the United States
In earnings news, Exxon Mobil and Chevron reported solid
results, while Alibaba Group Holding Ltd
Oil edged higher though headed for its biggest weekly loss in a month on swelling American stockpiles
Earlier, risk sentiment got a boost from better-than-expected Chinese manufacturing data, even as uncertainty remains over an interim trade
truce, Tiffany Wilding, chief US economist at Pacific Investment Management Co., told Bloomberg TV
New York time.
Th Dow Jones Industrial Average added 1.1 per cent .
The Stoxx Europe 600 Index gained 0.8 per cent .
The MSCI Asia Pacific
Index gained 0.3 per cent .
The MSCI Emerging Market Index advanced 0.7 per cent .
CurrenciesThe Bloomberg Dollar Spot Index fell 0.1 per
cent .
The euro rose 0.1 per cent to $1.1167.
The British pound was flat at $1.294.
The Japanese yen fell 0.1 per cent to 108.178 per
dollar.
BondsThe yield on 10-year Treasuries gained two basis points to 1.71 per cent .
The two-year yield added three basis points to 1.55
ounce.
West Texas Intermediate crude gained 3.5 per cent to $56.10 a barrel.
