Stocks rise, US yields slip as markets await Fed rate hike

NEW YORK / MILAN, May 3 (Reuters) – A gauge of global equity markets edged higher on Tuesday while 10-year US Treasury yields slid from the 3% level as investors remained cautious, expecting the Federal Reserve to hike rates by the most in a single day since 2000 to curb inflation. Feeding inflation worries, data … Read more

‘Entry only. No exit: ‘Beijing sees more COVID closures as anger grows in Shanghai

Beijing closes more gyms, malls, cinemas to contain outbreak Delivery companies work overtime to supply residents “The virus is what’s hurting the economy” – health official BEIJING / SHANGHAI, April 29 (Reuters) – China’s capital Beijing closed more businesses and residential compounds on Friday, with authorities ramping up contact tracing to contain a COVID-19 outbreak, … Read more

Beijing to test 20 million for COVID in bid to avert Shanghai lockdown misery

Beijing expands mass testing to almost entire city Residents flock to supermarkets to stock up on food, supplies Frustration flares in Shanghai after a month in lockdown BEIJING / SHANGHAI, April 26 (Reuters) – Three-quarters of Beijing’s 22 million people lined up for COVID-19 tests on Tuesday as authorities in the Chinese capital raced to … Read more

Economic fears hit global equities, commods; Twitter lifts Wall St.

WASHINGTON / LONDON, April 25 (Reuters) – European stocks slid to a one-month low and commodity prices dropped on Monday on renewed concerns about rising interest rates and China’s sputtering economy, while Wall Street shares rose, reversing losses after Twitter agreed to be bought by billionaire Elon Musk. Fears over China’s COVID-19 outbreaks spooked investors … Read more

Hong Kong questions costs of COVID rules on mental health, livelihoods

HONG KONG, April 14 (Reuters) – To fight COVID, Hong Kong shut schools and businesses, nearly sealed its borders for two years, banned more than two people from gathering and quarantined whole buildings. Still the draconian restrictions were unable to contain the coronavirus, and with more than 8,600 deaths of mostly elderly, unvaccinated people, many … Read more

Global shares pause on inflation view; oil steady on Ukraine

A broker looks at financial information on computer screens on the IG Index the trading floor in London, Britain February 6, 2018. REUTERS / Simon Dawson Register now for FREE unlimited access to Reuters.com Register MSCI World Index flat; Asia ex-Japan index up 0.6% Oil slips back on weak China, Japan data UK inflation hits … Read more

Stocks slip, bonds hit as bets on Fed action rise

The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, February 28, 2022. REUTERS / Staff Register now for FREE unlimited access to Reuters.com Register US treasury yields hit multi-year highs Dollar at its strongest in nearly two years Fed minutes eyed as bets on big rate hike increase … Read more

Wall Street pushes Treasury yields, stocks higher

US stocks advance, echoing gains in Europe 10-year Treasury yields hit highest level since 2019 Oil prices give back some gains Gold dips, Bitcoin advances BOSTON / LONDON, March 22 (Reuters) – US stocks regained ground on Tuesday, while Treasury yields climbed higher and oil dipped, as investors adjusted their expectations for rate hikes following … Read more

Hong Kong to ease strict COVID curbs after business backlash

HONG KONG, March 21 (Reuters) – Hong Kong plans to relax some anti-COVID-19 measures next month, lifting a ban on flights from nine countries, reducing quarantine and reopening schools, after a backlash from business and residents. The moves, announced on Monday by Chief Executive Carrie Lam, come asmany countries shift to trying to live with … Read more

Hong Kong to ease strict COVID measures from April, lifts flight ban

HONG KONG, March 21 (Reuters) – Hong Kong plans to relax some anti-COVID-19 measures next month, lifting a ban on flights from nine countries, reducing quarantine for arrivals from abroad and reopening schools. The moves, announced on Monday by Chief Executive Carrie Lam, come after a backlash from businesses and residents who see the rest … Read more