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  • Europe stocks advance for third session in a row

    Europe stocks on Tuesday rose for a third session in a row, supported by murmurings that fiscal policy could join monetary action in supporting the global economy. The Stoxx Europe 600 rose 0.3% to 374.88, led by drugmakers including AstraZeneca, which reported a favorable study, and household product firms including Unilever. The German DAX rose 0.2% to 11735.18, the French CAC 40 gained 0.2% to 5383.04 and the U.K.

  • Dancing in the dark: The Bank of England's rate problem isn't about to go away

    And no sympathy from financial markets. Economic growth in the U.K. is slower than forecast-- with gross domestic product even shrinking 0.2% in the second quarter-- but inflation is higher than economists expected, at an annual 2% in July. The unusual combination intensifies the Bank of England's current dilemma: hike or cut rates?

  • Asian markets mixed as China rolls out new benchmark lending rate

    Nikkei edges up but stocks in Hong Kong, Shanghai give up early gains. Asian markets were mixed in quiet trading early Tuesday, after China's central bank announced its new benchmark lending rate. The People's Bank of China set the one-year Loan Prime Rate at 4.25%, down from 4.31% previously, according to the Wall Street Journal.

  • Trump bashes Fed's 'lack of vision' as White House reportedly mulls payroll tax cut

    By Victor Reklaitis and Greg Robb, MarketWatch. President Donald Trump on Monday criticized Federal Reserve Chairman Jerome Powell ahead of the central banker's highly anticipated speech later this week. In a series of tweets, Trump said the economy was very strong "despite the horrendous lack of vision by Jay Powell."

  • Newmont Goldcorp Is About to Pan Out

    Despite a massive rally in gold prices, shares of the world's largest miner of the yellow metal have been underperforming. Gold is up 27% over the past 12 months compared with a gain of only around 3% for the S&P 500, and the outlook remains favorable. The Federal Reserve has been lowering rates and markets expect the central bank to keep going despite reasonably strong consumer-price inflation in the U.S.

  • Dow ends around 250 points higher on global stimulus hopes, easing trade fears

    Stocks ended sharply higher Monday, further paring their August pullback as investors cheered talk of additional stimulus from global policy makers and a respite from negative trade-war headlines. The Dow Jones Industrial Average rose around 250 points, or 1%, to end near 26,136, according to preliminary figures, while the S&P 500 advanced around 35 points, or 1.2%, to close near 2,924. The Nasdaq Composite advanced around 107 points to end the day near 8,003, a gain of 1.4%.

  • S&P 500 closes 1% higher for second straight session on global stimulus talk, trade optimism

    By Chris Matthews and Barbara Kollmeyer, MarketWatch. Apple leads Dow gainers after Trump says Tim Cook made good point about tariff harm. U.S. stocks rallied Monday, lifted by encouraging comments from President Donald Trump and other officials on trade talks, along with a move by China over the weekend to lower borrowing costs for companies.

  • 30-year Treasury yield stages biggest daily rise since last October

    Treasury prices fell Monday, pushing yields higher, after reports that Germany was entertaining the use of fiscal stimulus and signs that U.S.-China trade talks may be restarted. The 30- year Treasury yield surged 8.9 basis points to 2.090%, marking its biggest daily rise since October 2018. The two-year note rate rose 6.2 basis points to 1.541%, while the 10- year note yield climbed 6.3 basis points to 1.603%, marking its biggest daily increase since July 5. Debt prices move in...

  • Oil ends higher after drone attack on Saudi production field

    Crude extends gains as stocks rally. Oil futures ended solidly higher Monday. Crude found initial support after Yemen's Houthi rebels launched a drone attack over the weekend on one of Saudi Arabia's largest oil fields, then built on gains as U.S. stocks continued their rebound from last week's Wednesday rout.

  • Here's how much the global economy stands to lose -- even more for the U.S. -- if the Paris climate pact is ignored

    'Business-as-usual' emissions skate will cost the U.S. 10.5% of its per-capita GDP by the end of the century, researchers find. Rich, poor, hot or cold, climate change does not discriminate. Unchecked emissions gains will hurt all economies by 2100-- slowing their retail sectors, crumbling infrastructure, destroying crops, or turning away tourists-- researchers at the University of Cambridge and cooperating institutions reported Monday.

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