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Trump, Paris coronavirus alert hit European stocks

European stocks slid on Friday after U.S. President Donald Trump tested positive for COVID-19, hitting equity markets globally. The pan-European STOXX 600 .STOXX fell 0.5%, although pulling back from early losses of as much as 1.1%. The German DAX .GDAXI and France’s CAC 40 .FCHI dropped 0.8% each, while UK’s FTSE 100 .FTSE declined 0.6%. Trump said on Friday that he and his wife Melania had tested positive for COVID-19 and were going into quarantine, with just weeks to go before the Nov. 3 presidential election. “At this stage, it ...

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Stimulus hopes ease markets into explosive fourth quarter

Renewed U.S. stimulus hopes lifted global markets into what is set to be an explosive fourth quarter on Thursday, though an all-day outage on Tokyo’s Nikkei meant it wasn’t exactly a smooth start. Europe’s STOXX 600 index .STOXX and the euro EUR= were up 0.7% and 0.2% respectively before PMI economic data expected to show the region’s ongoing gradual recovery from coronavirus slump. The dollar =USD was at a one-week low, as robust U.S. data on Wednesday and hopes for U.S. fiscal stimulus led investors to riskier currencies. With U.S. ...

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European shares set for monthly loss on virus, U.S. election worries

European stocks slipped on Wednesday as surging coronavirus cases and a chaotic debate that highlighted risks from the U.S. presidential election sapped risk appetite at the end of a tumultuous month for financial markets. The pan-European STOXX 600 index .STOXX fell 0.4% tracking Wall Street futures lower, after a messy face-off between U.S. President Donald Trump and Democratic rival Joe Biden overnight stoked caution among investors. Britain reported 7,143 new coronavirus cases on Tuesday, the highest single figure to date, and Germany looked set to tighten COVID-19 restrictions in an ...

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Global Markets: Shares slip as U.S. presidential debate looms

European shares slipped on Tuesday as investors awaited the first U.S. presidential debate and eyed progress of a fiscal stimulus package in Washington. The broader Euro STOXX 600 .STOXX fell 0.4%, eroding hefty gains from a day earlier, with indexes in Frankfurt .GDAXI, Paris .FCHI and London .FTSE each losing between 0.4%-0.5%. Among the sectors in negative territory: growth-sensitive banks .SX7P, automakers .SXAP and travel & leisure .SXTP, all down between 0.7% and 0.9%. Investors are weighing the potential impact on the U.S. economy of either the re-election of President ...

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China data, banks lift European stocks after last week’s sell-off

European stocks partially recovered from last week’s hefty losses on Monday, helped by upbeat industrial profits data from China and as banking stocks bounced off record lows. The pan-European STOXX 600 index .STOXX rose 1.7% after last week’s 3.6% drop, with the banks index .SX7P jumping 4.1%. HSBC Holdings HSBA.L surged 9.2% after Chinese insurance group Ping An 601318.SS2318.HK, the biggest shareholder in the British lender, boosted its stake to 8.00% from 7.95%. Commerzbank CBKG.DE rose 5% after it named a top manager at rival Deutsche Bank DBKGn.DE Manfred Knof ...

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European stocks sluggish as COVID-19 cases rise

Telecom stocks nudged European stocks slightly higher on Friday, but the main indexes were on course for sharp weekly declines as the continent grapples with a fresh wave of COVID-19 cases. The pan-European STOXX 600 index .STOXX rose 0.2% by 0715 GMT, with telecom stocks .SXKP jumping 0.8% to lead sectoral gains. Spanish telephone operator MasMovil MASM.MC rose 0.7% after a local newspaper reported that Vodafone VOD.L has started talks to buy the company. Vodafone gained 1.3%. France’s CAC40 .FCHI fell 0.4% after the country set a new record of ...

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U.S. Stock Futures Wobble as Investors Weigh Risks

U.S. stock futures wobbled Thursday as investors weighed multiple risk factors ahead of fresh unemployment-claims data that may provide insights into the current state of the labor market’s recovery. Futures tied to the S&P 500 wavered between small gains and losses. The broad market gauge dropped 2.4% Wednesday to its lowest level in almost two months after hopes for an additional coronavirus-spending package from the government dimmed. Markets have grown jittery as a confluence of risk-factors came to the fore. Coronavirus infections continue to rise in many parts of the ...

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Dividend futures suggest a decade of doldrums. Many disagree

It will take a decade for dividend payouts to return to pre-pandemic levels, futures markets are suggesting, a gloomy view that is at odds with the recent equity rebound and investors’ confidence that payments will normalise far sooner. The pandemic could see dividends fall by over $100 billion this year just in the United States and Europe, analysts tracked by Refinitiv I/B/E/S predict. The global drop may be as big as $400 billion, according to a Janus Henderson report. But futures are pricing worse. These derivatives, which allow punters to ...

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Global sell-off drives European stocks to near three-month lows

A sell-off in global risk assets drove European equities to near three-month lows on Thursday, as the absence of fresh stimulus for the U.S. economy and a second wave of coronavirus cases raised fears of a slowing global recovery. The pan-European STOXX 600 index .STOXX fell 0.8%, recovering slightly after hitting its lowest level since June 26, while bourses in Frankfurt .GDAXI, London .FTSE and Paris .FCHI were down between 0.3% and 0.6%. Wall Street indexes suffered sharp losses overnight, led by technology stocks after U.S. Federal Reserve officials called ...

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European stocks extend recovery ahead of PMIs; Adidas jumps

European stocks extended a rebound on Wednesday from a steep selloff earlier this week, with investors awaiting the latest business activity data to see if the economic recovery is stalling as many countries reimpose coronavirus restrictions. The pan-European STOXX 600 .STOXX rose 0.7% by 0712 GMT, with London’s exporter-heavy FTSE 100 .FTSE jumping 0.9% as the pound was hammered by fresh UK curbs to tackle a second wave of COVID-19 infections. The German DAX .GDAXI rose 1%, with Puma PUMG.DE and Adidas ADSGn.DE up over 4% after U.S. sportswear maker ...

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European stocks bounce on tech support, virus concerns linger

European stocks bounced on Tuesday after a sell-off in the previous session, as technology and healthcare stocks gained, but worries about new coronavirus restrictions in Britain and elsewhere kept travel stocks under pressure. The pan-European STOXX 600 index .STOXX rose 0.8%, recovering from its worst fall in three months, with technology stocks .SX8P that have outperformed this year, rising 1.6%. With COVID-19 cases rising rapidly in the UK, Prime Minister Boris Johnson is set to announce fresh restrictions that includes closing of pubs, bars, restaurants and other hospitality venues at ...

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Lockdown worries knock European stocks, banks hit by reports of illicit money flows

European stocks headed for their worst fall in almost two months on Monday, hit by worries about a surge in coronavirus cases across the continent and a slide in HSBC and Standard Chartered following reports that put the UK banks among those moving large sums of allegedly illicit funds over the past two decades. The pan-European STOXX 600 .STOXX slumped 2.2%, further distancing itself from a one-month closing high hit last week, with Britain’s banking-heavy FTSE 100 .FTSE down 2.7%. Asia-focussed lender HSBC HSBA.L fell 4.0%, hitting new lows since ...

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U.S. Stock Futures Waver as Investors Brace for Volatile Trading

U.S. stock futures wavered Friday ahead of the simultaneous expiration of an array of stock futures and options contracts that could result in increased volatility. Futures tied to the S&P 500 wavered between losses and gains. The benchmark may still be on track to eke out a tepid gain for the week, despite two consecutive days of declines. Contracts tied to the tech-heavy Nasdaq Composite ticked up 0.5%. The occurrence of so-called quadruple witching — when both futures and options linked to individual stocks and stock indexes expire on the ...

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Global stocks weighed down by virus angst, lack of stimulus

Stocks struggled on Friday as worries about a resurgence in coronavirus cases and lingering disappointment that central banks merely affirmed their monetary support this week, without promising new stimulus, kept investors wary. Oil rose after OPEC flagged a crackdown on members that did not cut output, and the dollar was back to the bottom of its recent range following its brief journey higher after Wednesday’s U.S. Federal Reserve meeting. The Fed promised to keep rates low for a long time, but gave no new hints about any further monetary support. ...

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U.S. Stock Futures Fall as Fed Outlook Rattles Investors

U.S. stock futures fell Thursday, pointing to a steepening rout in the S&P 500 as investors became unsettled by the Federal Reserve’s dour outlook as well as conflicting signals about when vaccines may become available. Futures tied to the S&P 500 dropped 1.2%, suggesting that the benchmark may fall for a second day after the opening bell in New York. Contracts tied to the Nasdaq Composite fell around 1%, pushing the tech-heavy index further into negative territory for the month. Federal Reserve Chairman Jerome Powell’s comments Wednesday that the economic ...

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