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Stocks shrug off virus worries; ECB in focus - Netscape Money & Business

Stocks shrug off virus worries; ECB in focus By Tom Westbrook Reuters SINGAPORE (Reuters) - Asian stocks rallied on Thursday, bonds nursed losses and oil held onto sharp gains as investors seemed to set aside virus jitters for now and looked ahead to the European Central Bank for reassurance that policy support will continue for some time. MSCI s broadest index of Asia-Pacific shares outside Japan followed Wall Street higher and rose 1% with broad gains from Sydney to Seoul and Hong Kong. Japanese markets are closed until Monday.[.AX][.KS][.HK] There was no obvious catalyst for the recent rebound in stocks, or the drawdown on Friday and Monday, though a study on Wednesday showed both Pfizer and AstraZeneca vaccines were effective against the Delta coronavirus variant.

Hong kongNew south walesUnited statesElon muskChristine lagardeLuke suddardsTom westbrookEuropean central bankWall streetJun bei liuTribeca investment partnersPresident christine lagardeAna nicolaciஹாங் காங்புதியது தெற்கு வேல்ஸ்ஒன்றுபட்டது மாநிலங்களில்

Stocks shrug off virus worries; ECB in focus

Dollar loiters near year s highs as ECB awaited Oil clings to bounce on firming demand hopes SINGAPORE, July 22 (Reuters) - Asian stocks rallied on Thursday, bonds nursed losses and oil held onto sharp gains as investors seemed to set aside virus jitters for now and looked ahead to the European Central Bank for reassurance that policy support will continue for some time. MSCI s broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) followed Wall Street higher and rose 1% with broad gains from Sydney (.AXJO) to Seoul (.KS11) and Hong Kong (.HSI). Japanese markets are closed until Monday. There was no obvious catalyst for the recent rebound in stocks, or the drawdown on Friday and Monday, though a study on Wednesday showed both Pfizer and AstraZeneca vaccines were effective against the Delta coronavirus variant. read more

Soult ukpyolsiSouth koreaHong kongNew south walesUnited statesElon muskChristine lagardeLuke suddardsTom westbrookThomson reuters trust principlesEuropean central bankWall streetJun bei liuTribeca investment partnersPresident christine lagardeAna nicolaci

EUR/USD awaits ECB to break monotony around 1 1800

7/22/2021 4:12:49 AM GMT | By Anil Panchal EUR/USD aims for intraday high inside immediate trading range. Market sentiment dwindles on light calendar, off in Japan. US President Biden hopes infrastructure spending passage even as Senators rejected opening debate, covid woes escalate. No change in ECB monetary policy is expected but statement, President Lagarde’s press conference will be the key. EUR/USD aptly portrays the pre-ECB trading lull, marking a 15-pip trading range around 1.1800, heading into Wednesday’s European session. That said, the major currency pair recently picks up bids to the range’s resistance amid the US dollar pullback. In addition to the market’s cautious sentiment ahead of the European Central Bank (ECB) monetary policy meeting, off in Japan and a light calendar in Asia also contributes to the sluggish momentum. Even so, the quote keeps the previous day’s bounce off early-April lows.

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Stocks shrug off virus worries; ECB in focus - The Hindu BusinessLine

Stocks shrug off virus worries; ECB in focus - The Hindu BusinessLine
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.

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ECB Decision Day, Biden on Inflation, Ukraine Rates: Eco Day

ECB Decision Day, Biden on Inflation, Ukraine Rates: Eco Day
bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.

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