Monday, 3 Aug 2020

Economy

S.Korea stocks drop on U.S. data but post biggest monthly gain in 3 months

* KOSPI posts fourth consecutive monthly gain * Foreign investors snap five months of selling * KRW gains against USD on Friday, up 1% in July * S.Korea benchmark bond yield rises on Friday * For the midday report, please click SEOUL, July 31 (Reuters) – Round-up of South Korean financial markets: ** South Korean […]

GLOBAL MARKETS-Asian shares weaker as growth, virus worries temper tech boost

* MSCI Asia ex-Japan slightly lower; Nikkei drops 2.82% * Europe equities seen opening lower; Wall Street futures positive * U.S. quarterly GDP posts biggest decline on record * China, Japan post positive manufacturing data * Asian stock markets: tmsnrt.rs/2zpUAr4 By Andrew Galbraith SHANGHAI, July 31 (Reuters) – Asian shares turned lower in a choppy […]

UPDATE 1-Brazil posts record budget deficit in June as coronavirus slams economy

(Adds details) By Jamie McGeever BRASILIA, July 30 (Reuters) – Brazil’s government posted a record budget deficit of 194.7 billion reais ($37.6 billion) in June, the Treasury said on Thursday, substantially more than economists had expected, as the coronavirus continued to depress tax revenues and fuel emergency spending. The primary deficit excluding interest payments was […]

UPDATE 2-German bond yields hit 2-1/2 month low after dismal GDP data

* Euro zone periphery govt bond yields tmsnrt.rs/2ii2Bqr (Adds German inflation, Trump tweet and chart, updates prices) By Yoruk Bahceli AMSTERDAM, July 30 (Reuters) – Safe-haven German government bond yields hit new 2-1/2 month lows on Thursday as the country’s economy showed a worse-than-expected, record contraction in the second quarter. Investors are focusing on economic […]

UPDATE 1-German bond yields hit 2-1/2 month low after dismal GDP data

* Euro zone periphery govt bond yields tmsnrt.rs/2ii2Bqr (Recasts, updates with data releases, adds comments) By Yoruk Bahceli AMSTERDAM, July 30 (Reuters) – Safe-haven German government bond yields hit new 2-1/2 month lows on Thursday as the country’s economy showed a worse-than-expected, record contraction in the second quarter. Investors are focusing on economic data after […]

GLOBAL MARKETS-Stocks fall as Fed's pledge relief rally fades

* Eyes on U.S. COVID relief package talks * U.S. dollar languishes near two-year lows * German government bond yields edge down * Graphic: World FX rates in 2020 tmsnrt.rs/2egbfVh * For Reuters Live Markets blog: (Updates throughout) By Tom Arnold and Swati Pandey LONDON/SYDNEY, July 30 (Reuters) – Global shares fell on Thursday as […]

UPDATE 1-Rentokil revenue ticks higher on disinfection services expansion, profit slips

(Adds detail on results, outlook, background) July 30 (Reuters) – Pest control firm Rentokil Initial Plc posted marginally higher first-half revenue and an 11% dip in profits on Thursday, as an expansion of its disinfection services offset the effect of business closures and extra costs in the coronavirus crisis. The company, which provides commercial pest […]

EMERGING MARKETS-Singapore stocks sink to 2-month low; airline, banks dive

* Graphic: World FX rates tmsnrt.rs/2egbfVh * Graphic: Foreign flows into Asian stocks tmsnrt.rs/3f2vwbA * Singapore lenders slide, MAS asks banks to cap dividends * Singapore Airlines hits lowest since Aug. 1998 * Remote work, U.S.-China tech troubles to benefit Taiwan – ANZ By Rashmi Ashok July 30 (Reuters) – Singapore shares hit a two-month […]

GLOBAL MARKETS-Stocks gain, dollar falls, as Fed keeps rates near zero

(Updates with Fed announcement, reaction, market moves) By David Randall and Lawrence Delevingne NEW YORK/BOSTON, July 29 (Reuters) – U.S. stocks gained further and the U.S. dollar fell on Wednesday as investors reacted to the U.S. Federal Reserve’s decision to keep interest rates at ultra-low levels. The Fed repeated a pledge to use its “full […]