Day: May 18, 2020

May 18

Asian stocks rise after Fed chief optimistic about recovery

Asian stocks rose Monday after the chief U.S. central banker expressed optimism the the American economy might start to recover this year from the coronavirus pandemic. Benchmarks in Shanghai, Tokyo, Hong Kong and Australia all advanced Asian and EU Stocks Stocks The Stoxx Europe 600 Index climbed 1.9%. Futures on the S&P 500 Index rose […]

May 18

Oil prices jump as lockdowns ease

Oil prices climbed by more than $1 a barrel on Monday to their highest in more than a month, supported by continuing output cuts and signs of gradual recovery in fuel demand as more countries ease curbs imposed to stop the coronavirus pandemic spreading. Brent crude was up $1.19, or 3.7 percent, at $33.69 a […]

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