Wall Street Week Ahead: Biden victory? Disputed election? Wall Street prices in November outcomes

NEW YORK (Reuters) – Investors are girding their portfolios for market moves ahead of the U.S. presidential vote, as election season kicks into higher gear with the Democratic National Convention in the coming week. Though elections have loomed large on investors’ radar this year, their influence on markets has taken a backseat to the coronavirus pandemic and unprecedented stimulus from […]

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Stocks dip on lukewarm data; oil falls

NEW YORK (Reuters) – Stocks dipped on Friday as data out of China, the euro zone and the United States put a lid on expectations for a sustained global rebound, with traders already worried about a delay in U.S. fiscal stimulus. European shares were weighed further by a hit to travel stocks after Britain added more European countries, including France, […]

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S&P 500 muted as stimulus deal remains elusive

(Reuters) – Trading on Wall Street was subdued on Friday as doubts crept in about a new U.S. stimulus bill, while the S&P 500 hovered below record highs as a swathe of domestic data showed the economy was still smarting from the COVID-19 pandemic. Aggressive stimulus measures have helped the three main U.S. stock indexes bounce from a coronavirus-driven crash […]

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U.S. manufacturing output rises strongly in July, but still below pre-pandemic levels

WASHINGTON (Reuters) – U.S. factory output increased more than expected in July, boosted by a surge in motor vehicle production, though activity remained below its pre-COVID-19 pandemic peak. The Federal Reserve said on Friday that manufacturing production rose 3.4% last month after advancing 7.4% in June. The third straight monthly gain left factory output about 8% below its level in […]

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U.S. retail sales miss expectations in July, may slow further in months ahead

WASHINGTON (Reuters) – U.S. retail sales in July increased less than expected as consumers cut back on purchases of motor vehicles and could slow further in the months ahead amid spiraling new COVID-19 infections and a reduction in unemployment benefit checks. The report from the Commerce Department on Friday, however, did not change expectations that consumer spending will rebound this […]

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Air France-KLM and French travel stocks hit by UK quarantine measure

PARIS (Reuters) – Shares in Air France-KLM (AIRF.PA) and other French travel stocks fell on Friday after the United Kingdom decided to impose a 14-day quarantine on all arrivals from France. Air France-KLM shares fell by 3.1%, among the worst performers on Paris’ SBF-120 equity index .SBF120. Shares in Getlink (GETP.PA), which runs Eurotunnel, fell 2.2%. ADP (ADP.PA), which runs […]

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Asian stocks falter after China data disappointment

TOKYO/BOSTON (Reuters) – Asian shares fell on Friday after lacklustre Chinese economic data and worries about a delay in U.S. fiscal stimulus discouraged some investors from taking on risk. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.24%, although shares in Japan rose 0.07%. South Korean stocks fell 1.27% after authorities reported the largest number of new coronavirus cases […]

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