China Bourse May Extend Monday's Gains

The China stock market bounced higher again on Monday, one session after it had ended the five-day winning streak in which it had jumped almost 100 points or 3 percent. The Shanghai Composite Index now sits just beneath the 3,380-point plateau and it may add to its winnings on Tuesday.

The global forecast for the Asian markets is cautiously optimistic on hopes for stimulus in the United States, although tech shares are expected to see further profit taking. The European markets were up and the U.S. bourses were mixed and the Asian markets figure to split the difference.

The SCI finished modestly higher on Monday following gains from the financial shares, property stocks and oil and insurance companies.

For the day, the index advanced 25.22 points or 0.75 percent to finish at 3,379.25 after trading between 3,335.04 and 3,399.93. The Shenzhen Composite Index added 4.76 points or 0.21 percent to end at 2,277.42.

Among the actives, Industrial and Commercial Bank of China collected 0.20 percent, while Bank of China added 0.30 percent, China Construction Bank gained 0.49 percent, China Merchants Bank climbed 1.07 percent, China Life Insurance surged 5.31 percent, Ping An Insurance advanced 0.89 percent, PetroChina perked 0.45 percent, China Petroleum and Chemical (Sinopec) rose 0.25 percent, Baoshan Iron increased 0.82 percent, Gemdale soared 3.86 percent, Poly Developments spiked 3.17 percent and China Vanke rallied 2.89 percent.

The lead from Wall Street suggests mild upside as stocks moved mostly higher on Monday, although the tech-heavy NASDAQ ended in the red.

The Dow jumped 357.94 points or 1.30 percent to finish at 27,791.44, while the NASDAQ slid 42.64 points or 0.39 percent to end at 10,968.36 and the S&P 500 rose 9.19 points or 0.27 percent to close at 3,360.47.

The strength on Wall Street came after President Donald Trump signed executive orders aimed at extending coronavirus relief to Americans after lawmakers failed to reach an agreement on a new coronavirus relief package.

Concerns about rising tensions between the U.S. and China also helped to keep buying interest somewhat subdued on the day.

Crude oil prices climbed higher Monday as optimism about energy demand rose after solid factory data from China and hopes for virus-related stimulus in the U.S. West Texas Intermediate Crude oil futures for September ended up $0.72 or 1.7 percent at $41.94 a barrel.

For comments and feedback contact: editorial@rttnews.com

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US stocks end mixed as investors focus on COVID-19 aid

New York, Aug 11 (IANS) Wall Street’s major averages ended mixed as investors eyed fiscal stimulus in the United States amid the COVID-19 crisis.

On Monday, the Dow Jones Industrial Average increased 357.96 points, or 1.30 per cent, to 27,791.44. The S&P 500 was up 9.19 points, or 0.27 per cent, to 3,360.47. The Nasdaq Composite Index slipped 42.63 points, or 0.39 per cent, to 10,968.36, Xinhua news agency reported.

Six of the 11 primary S&P 500 sectors closed higher, with energy up 3.08 per cent, outpacing the rest. Communication services dipped 0.46 per cent, the worst-performing group.

Meanwhile, US-listed Chinese companies traded mostly lower, with eight of the top 10 stocks by weight in the S&P US Listed China 50 index ending the day on a downbeat note.

US President Donald Trump on Saturday signed a series of executive orders to extend certain COVID-19 economic relief after negotiations between Republican and Democratic lawmakers fell apart.

One of the president’s four orders will extend extra unemployment benefits through the end of the year at a reduced level of US $400 per week, instead of the US $600 approved by Congress in late March, which expired at the end of July.

The move has sparked criticism from Democrats, who might challenge the legality of the president’s executive action.

Confirmed COVID-19 cases in the United States hit over 5.07 million and fatalities surpassed 163,000 as of Monday afternoon, according to a tally by Johns Hopkins University.

US equities advanced for the week ending Friday that saw the Dow rally 3.8 per cent, while the S&P 500 and the Nasdaq both gained 2.5 per cent.

–IANS

rt/

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Worldwide COVID-19 infections approach 20 million

The U.S. has hit another coronavirus milestone.

As of Monday evening, COVID-19 infections are closing in on 20 million people globally, according to Johns Hopkins University’s Center for Systems Science and Engineering. It has now infected 5,075,678 people in the U.S., killed 163,282 in the U.S. and 732,889 people worldwide.

The number of coronavirus cases is still rising in every region of the country. With 10,382 deaths, California is now the third U.S. state to register over 10,000 deaths after New York (32,781 deaths) and New Jersey (15,878 deaths). Texas has the fourth highest number of fatalities (9,177).

Related: Feeling lax about masks? Think again. Here’s how many lives could be saved if everyone wore a mask — starting today

The World Health Organization currently estimates that 16% of people with COVID-19 are asymptomatic and can transmit the coronavirus, while other data show that 40% of coronavirus transmission is due to carriers not displaying symptoms of the illness.

The infectiousness of asymptomatic individuals relative to those who are symptomatic is 75%, according to the Centers for Disease Control and Prevention, based on studies of “viral shedding” dynamics — that is, how much of the virus they transmit through talking or breathing.

Related:Fauci tells Americans to be mindful of these important limitations about any future coronavirus vaccine

Last month, Gov. Gavin Newsom announced a rollback of operations state-wide at restaurants as well as bars, zoos, wineries, museums, card rooms, and movie theatres. “This is in every county in the state of California, not just those on the watch list,” he said.

In addition, the shutdown also affects indoor operations of gyms, places of worship, offices for non-critical offices, hairdressers, beauty salons, indoor malls, and other places of businesses in 30 counties on California’s ”monitoring list,” and represent 80% in the

Read More Here...

Worldwide COVID-19 infections approach 20 million

The world has hit another coronavirus milestone.

As of Monday evening, COVID-19 infections surpassed 20 million people globally, according to Johns Hopkins University’s Center for Systems Science and Engineering. It has now infected 20,020,679 worldwide, including 5,089,416 people in the U.S. The virus has killed 163,462 in the U.S. and 734,755 people worldwide.

The number of coronavirus cases is still rising in every region of the country. With 10,438 deaths, California is now the third U.S. state to register over 10,000 deaths after New York (32,781 deaths) and New Jersey (15,878 deaths). Texas has the fourth highest number of fatalities (9,230).

Related: Feeling lax about masks? Think again. Here’s how many lives could be saved if everyone wore a mask — starting today

The World Health Organization currently estimates that 16% of people with COVID-19 are asymptomatic and can transmit the coronavirus, while other data show that 40% of coronavirus transmission is due to carriers not displaying symptoms of the illness.

The infectiousness of asymptomatic individuals relative to those who are symptomatic is 75%, according to the Centers for Disease Control and Prevention, based on studies of “viral shedding” dynamics — that is, how much of the virus they transmit through talking or breathing.

Related:Fauci tells Americans to be mindful of these important limitations about any future coronavirus vaccine

Last month, Gov. Gavin Newsom announced a rollback of operations state-wide at restaurants as well as bars, zoos, wineries, museums, card rooms, and movie theatres. “This is in every county in the state of California, not just those on the watch list,” he said.

In addition, the shutdown also affects indoor operations of gyms, places of worship, offices for non-critical offices, hairdressers, beauty salons, indoor malls, and other places of businesses in 30 counties on California’s ”monitoring list,” and represent

Read More Here...

Worldwide COVID-19 infections approach 20 million

The U.S. has hit another coronavirus milestone.

As of Monday evening, COVID-19 infections are closing in on 20 million people globally, according to Johns Hopkins University’s Center for Systems Science and Engineering. It has now infected 5,075,678 people in the U.S., killed 163,282 in the U.S. and 732,889 people worldwide.

The number of coronavirus cases is still rising in every region of the country. With 10,382 deaths, California is now the third U.S. state to register over 10,000 deaths after New York (32,781 deaths) and New Jersey (15,878 deaths). Texas has the fourth highest number of fatalities (9,177).

Related: Feeling lax about masks? Think again. Here’s how many lives could be saved if everyone wore a mask — starting today

The World Health Organization currently estimates that 16% of people with COVID-19 are asymptomatic and can transmit the coronavirus, while other data show that 40% of coronavirus transmission is due to carriers not displaying symptoms of the illness.

The infectiousness of asymptomatic individuals relative to those who are symptomatic is 75%, according to the Centers for Disease Control and Prevention, based on studies of “viral shedding” dynamics — that is, how much of the virus they transmit through talking or breathing.

Related:Fauci tells Americans to be mindful of these important limitations about any future coronavirus vaccine

Last month, Gov. Gavin Newsom announced a rollback of operations state-wide at restaurants as well as bars, zoos, wineries, museums, card rooms, and movie theatres. “This is in every county in the state of California, not just those on the watch list,” he said.

In addition, the shutdown also affects indoor operations of gyms, places of worship, offices for non-critical offices, hairdressers, beauty salons, indoor malls, and other places of businesses in 30 counties on California’s ”monitoring list,” and represent 80% in the

Read More Here...

Worldwide COVID-19 infections approach 20 million

The world has hit another coronavirus milestone.

As of Monday evening, COVID-19 infections surpassed 20 million people globally, according to Johns Hopkins University’s Center for Systems Science and Engineering. It has now infected 20,020,679 worldwide, including 5,089,416 people in the U.S. The virus has killed 163,462 in the U.S. and 734,755 people worldwide.

The number of coronavirus cases is still rising in every region of the country. With 10,438 deaths, California is now the third U.S. state to register over 10,000 deaths after New York (32,781 deaths) and New Jersey (15,878 deaths). Texas has the fourth highest number of fatalities (9,230).

Related: Feeling lax about masks? Think again. Here’s how many lives could be saved if everyone wore a mask — starting today

The World Health Organization currently estimates that 16% of people with COVID-19 are asymptomatic and can transmit the coronavirus, while other data show that 40% of coronavirus transmission is due to carriers not displaying symptoms of the illness.

The infectiousness of asymptomatic individuals relative to those who are symptomatic is 75%, according to the Centers for Disease Control and Prevention, based on studies of “viral shedding” dynamics — that is, how much of the virus they transmit through talking or breathing.

Related:Fauci tells Americans to be mindful of these important limitations about any future coronavirus vaccine

Last month, Gov. Gavin Newsom announced a rollback of operations state-wide at restaurants as well as bars, zoos, wineries, museums, card rooms, and movie theatres. “This is in every county in the state of California, not just those on the watch list,” he said.

In addition, the shutdown also affects indoor operations of gyms, places of worship, offices for non-critical offices, hairdressers, beauty salons, indoor malls, and other places of businesses in 30 counties on California’s ”monitoring list,” and represent

Read More Here...

Worldwide COVID-19 infections approach 20 million

The U.S. has hit another coronavirus milestone.

As of Monday evening, COVID-19 infections are closing in on 20 million people globally, according to Johns Hopkins University’s Center for Systems Science and Engineering. It has now infected 5,075,678 people in the U.S., killed 163,282 in the U.S. and 732,889 people worldwide.

The number of coronavirus cases is still rising in every region of the country. With 10,382 deaths, California is now the third U.S. state to register over 10,000 deaths after New York (32,781 deaths) and New Jersey (15,878 deaths). Texas has the fourth highest number of fatalities (9,177).

Related: Feeling lax about masks? Think again. Here’s how many lives could be saved if everyone wore a mask — starting today

The World Health Organization currently estimates that 16% of people with COVID-19 are asymptomatic and can transmit the coronavirus, while other data show that 40% of coronavirus transmission is due to carriers not displaying symptoms of the illness.

The infectiousness of asymptomatic individuals relative to those who are symptomatic is 75%, according to the Centers for Disease Control and Prevention, based on studies of “viral shedding” dynamics — that is, how much of the virus they transmit through talking or breathing.

Related:Fauci tells Americans to be mindful of these important limitations about any future coronavirus vaccine

Last month, Gov. Gavin Newsom announced a rollback of operations state-wide at restaurants as well as bars, zoos, wineries, museums, card rooms, and movie theatres. “This is in every county in the state of California, not just those on the watch list,” he said.

In addition, the shutdown also affects indoor operations of gyms, places of worship, offices for non-critical offices, hairdressers, beauty salons, indoor malls, and other places of businesses in 30 counties on California’s ”monitoring list,” and represent 80% in the

Read More Here...

U.S. stocks mixed at close of trade; Dow Jones Industrial Average up 1.30%

At the close in NYSE, the Dow Jones Industrial Average rose 1.30% to hit a new 3-months high, while the S&P 500 index climbed 0.27%, and the NASDAQ Composite index declined 0.39%.

The best performers of the session on the Dow Jones Industrial Average were Boeing Co (NYSE:BA), which rose 5.52% or 9.39 points to trade at 179.41 at the close. Meanwhile, Caterpillar Inc (NYSE:CAT) added 5.26% or 7.10 points to end at 142.02 and Dow Inc (NYSE:DOW) was up 5.09% or 2.17 points to 44.80 in late trade.

The worst performers of the session were Microsoft Corporation (NASDAQ:MSFT), which fell 1.99% or 4.23 points to trade at 208.25 at the close. Walt Disney Company (NYSE:DIS) declined 0.88% or 1.14 points to end at 128.79 and Johnson & Johnson (NYSE:JNJ) was down 0.38% or 0.57 points to 148.03.

The top performers on the S&P 500 were MGM Resorts International (NYSE:MGM) which rose 13.77% to 21.65, Royal Caribbean Cruises Ltd (NYSE:RCL) which was up 10.00% to settle at 57.31 and Wynn Resorts Limited (NASDAQ:WYNN) which gained 9.96% to close at 81.48.

The worst performers were MarketAxess Holdings Inc (NASDAQ:MKTX) which was down 5.02% to 482.67 in late trade, Fiserv Inc (NASDAQ:FISV) which lost 4.40% to settle at 99.34 and Hologic Inc (NASDAQ:HOLX) which was down 3.87% to 65.90 at the close.

The top performers on the NASDAQ Composite were Seres Therapeutics Inc (NASDAQ:MCRB) which rose 389.22% to 22.70, Omeros Corporation (NASDAQ:OMER) which was up 50.88% to settle at 21.32 and Commercial Vehicle Group Inc (NASDAQ:CVGI) which gained 37.04% to close at 4.07.

The worst performers were Alliance MMA Inc (NASDAQ:WORX) which was down 46.13% to 3.100 in late trade, Reata Pharmaceuticals Inc (NASDAQ:RETA) which lost 33.16% to settle at 104.41 and Addex Therapeutics Ltd (NASDAQ:ADXN) which was down 30.07% to 14.69 at the close.

Rising stocks outnumbered declining ones on the New York Stock Exchange by 2202 to 858 and 63 ended unchanged; on the Nasdaq Stock Exchange, 1704 rose and 1078 declined, while 76 ended unchanged.

Shares in Seres Therapeutics Inc (NASDAQ:MCRB) rose to 3-years highs; gaining 389.22% or 18.06 to 22.70. Shares in Omeros Corporation (NASDAQ:OMER) rose to 52-week highs; up 50.88% or 7.19 to 21.32.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was down 0.36% to 22.13 a new 3-months low.

Gold Futures for October delivery was up 0.51% or 10.30 to $2028.30 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September rose 1.84% or 0.76 to hit $41.98 a barrel, while the October Brent oil contract rose 0.04% or 0.02 to trade at $44.94 a barrel.

EUR/USD was up 0.04% to 1.1741, while USD/JPY fell 0.01% to 105.94.

The US Dollar Index Futures was up 0.20% at 93.595.

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U.S. stocks mixed at close of trade; Dow Jones Industrial Average up 1.30%

At the close in NYSE, the Dow Jones Industrial Average rose 1.30% to hit a new 3-months high, while the S&P 500 index climbed 0.27%, and the NASDAQ Composite index declined 0.39%.

The best performers of the session on the Dow Jones Industrial Average were Boeing Co (NYSE:BA), which rose 5.52% or 9.39 points to trade at 179.41 at the close. Meanwhile, Caterpillar Inc (NYSE:CAT) added 5.26% or 7.10 points to end at 142.02 and Dow Inc (NYSE:DOW) was up 5.09% or 2.17 points to 44.80 in late trade.

The worst performers of the session were Microsoft Corporation (NASDAQ:MSFT), which fell 1.99% or 4.23 points to trade at 208.25 at the close. Walt Disney Company (NYSE:DIS) declined 0.88% or 1.14 points to end at 128.79 and Johnson & Johnson (NYSE:JNJ) was down 0.38% or 0.57 points to 148.03.

The top performers on the S&P 500 were MGM Resorts International (NYSE:MGM) which rose 13.77% to 21.65, Royal Caribbean Cruises Ltd (NYSE:RCL) which was up 10.00% to settle at 57.31 and Wynn Resorts Limited (NASDAQ:WYNN) which gained 9.96% to close at 81.48.

The worst performers were MarketAxess Holdings Inc (NASDAQ:MKTX) which was down 5.02% to 482.67 in late trade, Fiserv Inc (NASDAQ:FISV) which lost 4.40% to settle at 99.34 and Hologic Inc (NASDAQ:HOLX) which was down 3.87% to 65.90 at the close.

The top performers on the NASDAQ Composite were Seres Therapeutics Inc (NASDAQ:MCRB) which rose 389.22% to 22.70, Omeros Corporation (NASDAQ:OMER) which was up 50.88% to settle at 21.32 and Commercial Vehicle Group Inc (NASDAQ:CVGI) which gained 37.04% to close at 4.07.

The worst performers were Alliance MMA Inc (NASDAQ:WORX) which was down 46.13% to 3.100 in late trade, Reata Pharmaceuticals Inc (NASDAQ:RETA) which lost 33.16% to settle at 104.41 and Addex Therapeutics Ltd (NASDAQ:ADXN) which was down 30.07% to 14.69 at the close.

Rising stocks outnumbered declining

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