Asian stocks reach two-month high on economic recovery hopes

TOKYO/NEW YORK (Reuters) – Asian shares rose to a two-month high on Thursday as expectations of further government stimulus supported investor confidence in an economic recovery from the global coronavirus pandemic. MSCI’s broadest index of Asia-Pacific shares outside Japan rose…

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Asian stocks reach two-month high on economic recovery hopes

TOKYO/NEW YORK (Reuters) – Asian shares rose to a two-month high on Thursday as expectations of further government stimulus supported investor confidence in an economic recovery from the global coronavirus pandemic. MSCI’s broadest index of Asia-Pacific shares outside Japan rose…

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Wall Street surges on signs of economic rebound

NEW YORK (Reuters) – Wall Street jumped in a broad rally on Wednesday, closing ground on all-time highs as signs of recovery from mandated economic shutdowns helped investors look beyond ongoing social unrest and pandemic woes. Financials, industrials and tech…

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U.S. factory orders extend decline in April

WASHINGTON (Reuters) – New orders for U.S.-made goods plunged in April and business spending plans on equipment were much weaker than initially thought, suggesting business investment remained depressed early in the second quarter amid the COVID-19 pandemic. The Commerce Department…

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