Investment funds should not face enforcement action by their national regulators for failing to meet reporting deadlines during the pandemic crisis, the European Union’s markets watchdog said on Thursday. The European Securities and Markets Authority (ESMA) said it was aware that...
Gold prices in Asia were down on Thursday morning despite the continuing economic uncertainty caused by the COVID-19 virus. The yellow metal could not hold onto its steady gains from the previous session as gold futures dropped by 0.11% at $1,82.45 by 9:50 PM ET (2:50 AM...
European stock markets are set to largely open lower Wednesday, consolidating after posting gains this week, amid disagreements over how to finance the region’s response to the coronavirus crisis. At 2:15 AM ET (0615 GMT), {{167|France’s CAC 40 futures and the FTSE 100 futures...
The dollar found a footing on Wednesday as investors returned to safe-havens, unwinding some risk currency gains made on hopes the coronavirus crisis in Europe and New York was slowing. The greenback rose on most majors besides the safe-haven Japanese yen, a day after suffering its worst drop...
Oil prices gained on Tuesday as hopes rose that the world’s biggest producers of crude will agree to cut output as the coronavirus pandemic crushes demand, even as analysts warn a global recession may be deeper than expected. Brent crude (LCOc1) was up by 93 cents, or 2.8%, at $33.98 a...
Asian firms appear better equipped to pay stable dividends compared with their western counterparts that are constrained by highly levered balance-sheets and a need to preserve cash during the coronavirus outbreak. As major global central banks push interest rates to near-zero, yield-seeking...
Stocks jumped on Monday as investors were encouraged by a slowdown in coronavirus-related deaths and new cases, while oil prices skidded after Saudi-Russian negotiations to cut output were delayed, keeping oversupply concerns alive. Equity investors took solace as the death toll from the...
Rolls-Royce (L:RR) is scrapping its targets and final dividend to shore up its finances as the British aero-engine maker’s customers around the world ground planes due to the coronavirus pandemic. Rolls, one of Britain’s most historic industrial names, which before the coronavirus...
Walmart (NYSE:WMT) rose by 3.05% to trade at $117.70 by 20:44 (19:44 GMT) on Thursday on the NYSE exchange. The volume of Walmart shares traded since the start of the session was $6.27M. Walmart has traded in a range of $112.35 to $117.71 on the day. The stock has traded at $117.7000 at its...
USD/JPY is relatively bid in Asia despite the risk-off tones circulating which would usually keep the yen underpinned. There are concerns over the Japanese outbreak of COVID-19 which would potentially jeopardise the yen’s safe-haven allure to many. At the time of writing, USD/JPY is...
