* Early signs of virus peaking in Europe, New York. * Euro races higher in first gains in seven sessions. * World FX rates in 2020 http://tmsnrt.rs/2egbfVh. By Rodrigo Campos. World stock markets posted sharp gains on Tuesday as signs of progress in curbing the spread of the novel coronavirus in both Europe and the United States fueled investors' appetite for risk.
The British pound recovered and U.K. stocks rose Tuesday, as concern over the hospitalization of British Prime Minister Boris Johnson was offset by broader optimism the coronavirus crisis was slowing. The FTSE 100 surged 1.9%, and the British pound reclaimed the $1.23 level it lost when Johnson was sent to intensive care. Stocks globally rallied for a second day on signs the growth rate in new virus cases is slowing.
The greenback dropped and
riskier currencies, including the Australian dollar,
outperformed on Tuesday as risk appetite improved on hopes that
lockdowns may be slowing the spread of the coronavirus ...
The Canadian dollar
strengthened to an 11-day high against its U.S. counterpart on
Tuesday as investors welcomed a potential slowdown in the spread
of the coronavirus pandemic and hopes rose that the ...
BEIJING--China's foreign-exchange reserves plunged to a 17- month low in March as the coronavirus pandemic roiled the global financial market. The country's hoard of foreign exchange fell $46.09 billion from the previous month to $3.061 trillion, the lowest level since October 2018, data from the People's Bank of China showed Tuesday. The decline in reserves was the largest monthly drop in more than three years.
* Graphic: World FX rates in 2020 https://tmsnrt.rs/2RBWI5E. The dollar lost ground on Tuesday as riskier currencies rebounded on tentative hopes that lockdowns may be slowing the spread of the coronavirus in some countries. Bets that the world's biggest crude producers may cut supply to support oil prices also boosted market sentiment.
The forint led a jump
in central Europe's currencies on Tuesday as investor hopes that
the corovavirus spread could start to level out boosted riskier
assets while Hungary's markets awaited ...
* Early signs of virus peaking in Europe, New York. * Broad gains from London to Sydney on stock markets. * Euro races higher is first gains in seven session. * Benchmark government bonds, gold, dollar selloff. * World FX rates in 2020 http://tmsnrt.rs/2egbfVh. By Marc Jones.
* Stocks, FX gain for a second straight session. * South African rand bounces back from record low. * Continue to expect heightened volatility- Analyst. By Ambar Warrick. Emerging market stocks and currencies extended gains on Tuesday as the continued tapering of the coronavirus' toll in certain European and U.S. hotspots led many to cautiously believe the pandemic may have peaked.
* Early signs of virus peaking in Europe, New York. * Broad gains from Tokyo to Sydney but momentum ebbs. * Currencies, bonds steady as economic risks weighed. * Asian stock markets: https://tmsnrt.rs/2zpUAr4. By Paulina Duran and Tom Westbrook.
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