Stock futures traded higher on Monday to begin a holiday-shortened week, as optimism about a potential coronavirus vaccine built.
Chinas securities watchdog on Sunday condemned a U.S. law that could block Chinese firms from U.S. securities exchanges, saying it politicised regulation and would damage both countries.
The draft legislation represents a takeover of Hong Kong, White House National Security Advisor Robert O’Brien said.
Chinese stocks are the latest flashpoint in an intensifying standoff between the United States and China.
The tweet was when Eric Yuan knew something had to change. Boris Johnson, the UK prime minister, shared a photo from his first ever virtual cabinet meeting. The cybersecurity red flags jumped out immediately.
Oxford Economics predicts Trump to only get 35% of the vote
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Heavy hearts soared Monday with news that Moderna’s Covid-19 vaccine candidate the frontrunner in the American market seemed to be generating an immune response in Phase 1 trial subjects.
Asian equities are expected to trade within a limited range in the near term, according to Credit Suisse’s Suresh Tantia.
Tweaks Moderna is making to the trial design for the Phase 2 study and discussion points raised about study locations underscore the unique challenges facing vaccine makers during the pandemic
West Texas Intermediate for June delivery jumped more than 8% on Monday, one day ahead of the contract’s expiration, as production cuts and the easing of stay-at-home restrictions supported prices.
Fed Chairman Jerome Powell told “60 Minutes” that people shouldn’t “bet against the American economy.”
The Trump administration on Friday moved to block global chip supplies to blacklisted telecoms equipment company Huawei Technologies, spurring fears of Chinese retaliation and hammering shares of U.S. producers of chipmaking equipment.
It hasnt received a lot of attention with all the Twitter wars and comments from CEO Elon Musk about Covid-19, but Tesla has become incredibly profitable.
That brings the rolling total during the coronavirus crisis to 36.5 million, though the weekly tally has declined for six straight weeks.
