World stocks zoom to five-week highs on economic, stimulus hopes

(Reuters) – Global stocks scaled five-week highs on Monday on hopes that more government stimulus was coming and the world economy was on the mend, while the Chinese yuan retreated from a 17-month high after a policy move over the weekend. Investor optimism that Washington will work through talks that have repeatedly stalled to deliver another round of fiscal stimulus drove major U.S. stock indices to highs last seen in early September. Hopes that the top Wall Street banks will announce a decent set of third-quarter earnings this week that show business activity was not as weak as feared also helped. Slugged by stronger investor demand for risk, the U.S. dollar was pinned near a three-week low and gold, another safe-haven asset, stayed below a three-week high. The U.S. bond market is closed on Monday for Columbus Day. The cheer over the economic outlook and government stimulus did not boost

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European Shares Hit Five-Week High on Rebound Optimism, Stimulus Hopes | Investing News

(Reuters) – European shares hit a five-week high on Monday as optimism about a stable economic recovery in China and hopes of more U.S. fiscal stimulus helped offset concerns around surging COVID-19 cases across the continent.

The pan-European STOXX 600 <.STOXX> marked a third straight day of gains to end 0.7% higher, led by utilities <.SX6P>, technology <.SX8P> and autos <.SXAP> stocks.

The Trump administration on Sunday called on the U.S. Congress to pass a stripped-down coronavirus relief bill after talks stalled on a more comprehensive stimulus deal.

“Investors have not lost faith that further stimulus measures will follow and that an effective COVID-19 vaccine will soon be placed on the market,” said Milan Cutkovic, market analyst at Axi.

But a jump in domestic coronavirus cases has raised the spectre of fresh lockdowns and cast a shadow over a nascent economic rebound.

With Italy preparing for nationwide curbs, the European

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Sheffield hair salon slams West Street drinkers and hopes ‘cheap Prosecco offers were worth it’

The businesswoman, who owns Creator Hair/The Blow, said she expects to have to temporarily close her salon when new Covid restrictions are announced today.

Prime Minister Boris Johnson is set to introduce extra restrictions in some towns and cities in the North to try to halt the spread of the virus as infection rates continue to rise.

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The owner of Creator Hair has criticised revellers who have continued to socialise in Sheffield during the coronavirus pandemic
The owner of Creator Hair has criticised revellers who have continued to socialise in Sheffield during the coronavirus pandemic

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This when Boris Johnson will announce new local lockdown restrictions today

In a Facebook post on her business page on Saturday night, the owner of Creator Hair/ The Blow branded some of the scenes she witnessed last week on West Street, where her salon is located, as a ‘disgrace’.

Despite social distancing rules being in place and

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US STOCKS-S&P 500 set for second straight weekly gain on stimulus hopes

By Devik Jain

Oct 9 (Reuters)Wall Street’s main indexes were set to rise on Friday, setting up the S&P 500 and the Dow for their second straight weekly gain on hopes of more fiscal aid and growing expectations of a Democratic victory in next month’s presidential election.

After stalling talks on a comprehensive aid package earlier this week, U.S. President Donald Trump on Thursday called for a “skinny” relief bill that would include elements such as direct payments and a bailout to the struggling airline sector.

Shares of JetBlue Airways Corp JBLU.O, Delta Air Lines Inc DAL.N, American Airlines Group Inc AAL.O and United Airlines Holdings Inc UAL.O edged higher in premarket trading.

“The market is continuing to rise on hopes of some sort of a conclusion (on stimulus), not only to the airlines, but to the rest of the country,” said

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Wall Street ends higher as Trump boosts hopes of stimulus

(Reuters) – U.S. stocks ended higher on Thursday as comments by U.S. President Donald Trump fueled hopes of fresh fiscal support, while data underscored the view that the labor market recovery was struggling to gain momentum.

Two days after calling off negotiations on a comprehensive bill, Trump in an interview with Fox News said talks with Congress have restarted over further COVID-19 relief and that there was a good chance a deal could be reached. But he gave no other details about a possible agreement.

While late afternoon trading was choppy, indexes added to gains after a White House spokeswoman said Trump wanted a “skinny” coronavirus relief bill.

House of Representatives Speaker Nancy Pelosi said legislation to help airlines was a matter of national security and could only move through Congress with guarantees of work continuing on the comprehensive deal.

The Dow Jones airlines index .DJUSAR jumped 1.6%, extending recent

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US STOCKS-Stimulus hopes lift futures ahead of weekly jobless claims data

(For a live blog on the U.S. stock market, click or type LIVE/ in a news window.)

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* Futures up: Dow 0.53%, S&P 0.50%, Nasdaq 0.62%

By Sagarika Jaisinghani

Oct 8 (Reuters) – U.S. stock index futures rose for a second straight day on Thursday as bets of a piecemeal fiscal stimulus deal lifted sentiment ahead of data on weekly jobless claims that is likely to show a labor market recovery continuing to sputter.

The Labor Department’s report is expected to show 820,000 Americans filed for unemployment benefits in the week ended Oct. 3, slightly down from 837,000 in the previous week, but still hovering at recession levels.

Signs of a slowing domestic economic rebound and political uncertainty in the run up to the Nov. 3 U.S. presidential election halted a five-month gaining streak for Wall Street’s main indexes in September.

Federal Reserve Chair Jerome Powell has since

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European shares near three-week high on U.S. stimulus hopes


(Reuters) – European stocks resumed gains on Thursday, inching closer to a three-week high on expectations of a targeted U.S. stimulus package as well as positive corporate updates.

The pan-European STOXX 600 index <.STOXX> rose 0.7% by 0707 GMT, with travel and leisure <.SXTP>, industrial <.SXNP> and chemical <.SX4P> sectors leading the gains.

Wall Street indexes surged overnight on signs that talks over aid to the pandemic-ravaged airline industry were progressing in Washington even as U.S. President Donald Trump called off talks on a more comprehensive deal.

Ratos AB <RATOb.ST> jumped 11.3% after U.S. business analytics company Dun & Bradstreet <DNB.N> said it would acquire Europe’s Bisnode from the Swedish private equity

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