Germany

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US stocks rise after Trump sticks to script on China

Yakob Peterseil and Vildana HajricMay 30, 2020 – 6.27amNew York | US stocks erased losses and closed mostly higher after President Donald Trump stopped short of implementing draconian economic restrictions against China even as he blasted the country for its actions on the pandemic and in Hong Kong.The S&P 500 ended May on an up…


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ASX to retreat; US threatens China over Hong Kong law

LiveUpdated May 29, 2020 – 8.29am, first published at 7.00am6 mins ago – 8.29amCosta Group CEO to retireRobert GuyCosta Group chief executive Harry Debney has signalled he will retire from the fruit and vegetable supplier in the next nine months. Chairman Neil Chatfield told shareholders at the annul general meeting that the baord has entered…


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Futures jump on vaccine hopes; global markets rally

LiveUpdated May 19, 2020 – 8.19am, first published at 7.29amKey PointsGlobal sharemarkets ralllied overnightUS biotech Moderna releaes positive Phase I trial resultsModerna currently has no products on market16 mins ago – 8.19amNZME says court declines injunction to extend Nine negotiationsSarah TurnerNZME said that its application for an interim injunction to preserve the exclusive negotiation period…


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ASX to fall as markets take fright from a grim Jerome Powell

May 14, 2020 – 4.05amAustralian shares are set to fall after markets suffered a slump across the board and Federal Reserve chair Jerome Powell offered a bleak view on the US economy.ASX futures were down 68 points or -1.2% to 5356.The Australian dollar was down -2.6% to US 64.52 cents.At the risk of reawakening President…



ASX to slip, techs rally in New York

ASX to slip, techs rally in New York

May 8, 2020 – 4.40amAustralian shares are set to edge lower at the open with the RBA’s latest thoughts on monetary policy scheduled to be released near midday.ASX futures were down 1 point to 5367 near 6am AEST, reversing earlier modest gains.The local currency briefly surged above US65¢, and was most recently up 1.4% at…


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Coronavirus Updates: Uber Cuts 3,700 Jobs; Germany Set to Reopen

15 minutes agoPeloton Rides a Coronavirus Surge in Home WorkoutsPeloton Interactive’s quarterly sales jumped 66%, bolstered by shut-in Americans undeterred by shipping delays, do-it-yourself installation and the exercise bike’s $2,000-plus price tag. Peloton is known for selling exercise bikes equipped with a screen that shows subscription workout classes. Subscribers almost doubled to 886,100 in the…


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ASX to slide, Dow drops toward close

May 7, 2020 – 5.30amAustralian shares are poised to open lower. Wall Street fluctuated through the session before the Dow and S&P 500 were hit by a late selling wave. The local currency slid below US64¢.ASX futures were down down 57 points or 1.1% to 5339 near 6.15am AEST. The currency slid 0.5%.Wall Street struggled…


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ASX set to slip on renewed US-China tensions

May 4, 2020 – 5.37amAustralian shares are set to open lower as the Trump administration looks for ways to punish China – perhaps with tariffs – for the COVID-19 pandemic as the number of Americans killed by the virus nears 70,000.ASX futures are pointing to a slightly lower open; they are down 7 points or…


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ASX to drop, Wall St sinks on bleak data

May 1, 2020 – 5.07amAustralian shares are poised to begin May with a sell-off as Wall Street fell on rising jobless claims and a collapse in consumer spending.ASX futures were down 118 points or 2.1% to 5422 near 6am AEST. The local currency slid 0.7%.Shares were lower on Wall Street and earlier fell across Europe.…