Connect with us


Global stocks rise on improving Chinese and German data



BEIJING (AP) – Global stock markets mostly rose on Tuesday as economic data in China and Germany improved and investors eagerly awaited a U.S. Federal Reserve policy meeting.

Shares in major European and Asian markets rose although Tokyo closed slightly lower. On Wall Street, futures on the Dow and S&P 500 were both 0.7% higher, suggesting the US market will add to yesterday’s gains.

The Shanghai Composite Index gained 0.5% to 3,295.68 after new figures showed retail sales in the world’s second-largest economy rose 0.5% in August from a year earlier for their first positive growth this year. China’s statistics agency cited it as a sign of “stable and continuous” economic recovery.

In Europe, sentiment was further boosted by a rise in the German ZEW Economic Confidence Index in September. The DAX in Frankfurt rose 0.3% to 13,236. The CAC 40 in France rose 0.5% to 5,076, while the FTSE 100 in London gained 1% to 6,089.

The Nikkei 225 in Tokyo fell 0.4% to 23,454.89 while the Hang Seng in Hong Kong added 0.4% to 24,734.71. The Sydney S & P-ASX 200 was down less than 0.1% to 5,894.50.

Indian Sensex was up 0.4% to 38,903.72. Singapore and Bangkok won while New Zealand and Jakarta retreated.

Tech stocks remain the focus of concern after days of volatility. They rose on Monday after Nvidia agreed to buy Softbank’s stake in chipmaker Arm Holdings for $ 40 billion.

Oracle climbed 4.3% after the software maker beat Microsoft to become the “trusted technology provider” for Chinese video app TikTok. The deal requires approval from the Trump administration, which viewed TikTok as a security risk and demanded its sale to a US owner.

In other deals, Gilead has agreed to buy Immunomedics for $ 21 billion. Verizon bought Tracfone for $ 6.25 billion and Alibaba has invested $ 4 billion in Grab.

Looking ahead, investors will follow the Federal Reserve policymakers’ meeting this week, the first since they significantly revised the Fed’s operational framework to keep short-term interest rates close to zero for coming years.

The focus will be on the statement that Fed policymakers release on Wednesday and the quarterly economic projections, which will for the first time include estimates of growth, unemployment and the Fed’s benchmark interest rate for 2023.

In energy markets, benchmark US crude oil for October delivery rose 59 cents to $ 37.85 per barrel on electronic trading on the New York Mercantile Exchange. The contract fell 7 cents on Monday to $ 32.26. Brent crude oil for November delivery gained 50 cents to $ 40.11 a barrel in London. The contract fell 22 cents in the previous session to $ 39.61.

The dollar edged down to 105.54 yen from 105.72 yen on Monday. The euro rose to $ 1.1893 from $ 1.1865.

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos

picture credit


to request, modification Contact us at Here or [email protected]

Please disable the ad-blocker on this page to see the content