GLOBAL MARKETS-Asian stocks set to rise as tech, stimulus hopes fuel global rally

By Suzanne Barlyn

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NEW YORK, Oct 12 (Reuters) – Asian stocks were set to rise on Tuesday as a renewed tech rally and fresh optimism that Washington would deliver a coronavirus relief package helped lift global equity markets.

Shares in Apple Inc surged 6.4% on Wall Street on Monday ahead of an expected debut of its latest iPhone on Tuesday, helping boost technology stocks, while Amazon rallied 4.8% ahead of its Prime Day shopping event this week.

CommSec Senior Economist Ryan Felsman said a COVID-19 resurgence in Europe and the United States is partly fueling the tech rally.

“Once again, there is a desire to hold the stay-at-home types of technology stocks…which will still generate profits and will be greatly oriented to a more challenging economic environment,” Felsman said.

On Wall Street, the Nasdaq Composite on Monday staged its biggest one-day rally in a month, jumping 2.56%. The

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Asian stocks set to rise as tech, stimulus hopes fuel global rally

NEW YORK (Reuters) – Asian stocks were set to rise on Tuesday as a renewed tech rally and fresh optimism that Washington would deliver a coronavirus relief package helped lift global equity markets.

FILE PHOTO: A worker wearing a protective mask walks as he cleans the floor past an electronic board displaying the stock market index at the Indonesia Stock Exchange (IDX),in Jakarta, Indonesia, September 8, 2020. REUTERS/Willy Kurniawan

Shares in Apple Inc surged 6.4% on Wall Street on Monday ahead of an expected debut of its latest iPhone on Tuesday, helping boost technology stocks, while Amazon rallied 4.8% ahead of its Prime Day shopping event this week.

CommSec Senior Economist Ryan Felsman said a COVID-19 resurgence in Europe and the United States is partly fueling the tech rally.

“Once again, there is a desire to hold the stay-at-home types of technology stocks…which will still generate profits and will be

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Dow gains 251 points as tech giants rally and stimulus hopes persist


  • US stocks rose on Monday as Democrats and Republicans inched closer to a stimulus compromise.
  • Mega-cap companies including Apple and Amazon led indexes higher as investors rushed to the growth favorites.
  • President Trump urged Republicans to speed up Amy Coney Barrett’s confirmation to the Supreme Court so that they can pass a new stimulus bill before Election Day.
  • Investors also prepared for earnings season. Citigroup and JPMorgan are set to kick off reporting on Tuesday.
  • Oil futures sank as operations temporarily halted by Hurricane Delta resumed. West Texas Intermediate crude fell as much as 3.8%, to $39.04 per barrel.
  • Watch major indexes update live here.

US equities extended their rally into a new week as investors pushed tech giants higher.

Apple surged ahead of a Tuesday event widely expected to unveil the next generation of iPhones. Amazon climbed as it kicked off its Prime Day sale

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Tech stocks extend Wall Street rally on stimulus hopes

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(Reuters) – Wall Street’s main indexes rose for a fourth straight session on Monday, helped by a tech boost and on optimism that Washington would reach a deal over more fiscal support, with investors also gearing up for the third-quarter corporate earnings season.

Apple Inc was a major support for the three main stock indexes with a 3.6% gain ahead of a special event on Tuesday, which most analysts believe will be used to unveil the new iPhone with 5G capabilities.

Amazon.com Inc climbed 3.5% ahead of its annual Prime Day shopping event on Oct. 13 and 14.

The Trump administration on Sunday called on Congress to pass a stripped-down coronavirus relief bill as negotiations on a broader package ran into resistance.

“The widening lead for the Democrats lessens the likelihood of

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Stocks Climb Again on Wall Street With Hopes for Stimulus | Business News

By STAN CHOE, AP Business Writer

NEW YORK (AP) — Stocks are rising on Wall Street Thursday as hope remains that Washington can approve more aid for the economy and after a report suggested the pace of layoffs is slowing a bit, though it remains incredibly high.

The S&P 500 was 0.6% higher in early trading, tacking more gains onto Wednesday’s rise after President Donald Trump apparently backtracked on his decision to halt talks on more aid for the economy. He said in a televised interview Thursday morning that “very productive” talks have begun on stimulus.

Other U.S. and global stock indexes were also higher, but the last few weeks of trading have shown repeatedly that early gains for the market don’t always last. Stocks have been particularly rocky since early September, swerving on worries about everything from too-expensive prices to the still-raging pandemic, but the index has been generally

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Colombia pins recovery hopes on technology not oil

For the past two decades, oil has fuelled Colombia’s economic growth, one of the strongest in Latin America. 

But the country’s reserves could run dry in six years. While there is much potential in unconventional reserves, the courts have imposed a moratorium on fracking in Colombia, which means that oil is currently off limits. 

Colombia must look for other sources of revenue to recover from the economic fallout from the Covid-19 pandemic. But the government has other options for boosting the economy. It says it will bank its recovery on three “pillars” with the aim of pushing GDP to grow by 6 per cent next year (Capital Economics forecasts that GDP will fall 7.5 per cent in Colombia this year and bounce back by 5 per cent next year). 

The first is renewable energy. Colombia is rich in renewable resources. It receives regular sunlight all year round. La Guajira, a

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Hopes of a Stimulus Deal Offset the Obstacle of Technical Overhead

Despite the drama of the presidential election and debate, there are only two issues that matter to the market right now. The first is the possibility of a fiscal stimulus deal and the second is the ability of the indices to overcome technical resistance and produce upside follow-through.

Nancy Pelosi announced on Wednesday that a vote would be held in the House on the Democrats’ fiscal stimulus bill. This would have effectively killed any deal as there is no way that bill would pass in the Senate. Later in the day, the vote was canceled and renewed negotiations began, which is giving the market some hope of a breakthrough, though there are substantial obstacles.

The market is going to continue to dance around on any news or rumor of a stimulus bill, but what adds an element of uncertainty to the situation is that the indices are sitting in a

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Dow Jumps 400 Points Amid Renewed Stimulus Hopes

Topline

 The market moved sharply higher on Monday, trying to recover from its fourth straight week of losses, as investors cheered progress in negotiations over the next coronavirus stimulus bill.

Key Facts

The Dow Jones Industrial Average was up 1.5%, over 400 points, on Monday, while the S&P 500 rose 1.6% and the tech-heavy Nasdaq Composite gained 1.9%.

With only a few days of trading left in September, all three major averages are still on track to post their first monthly losses since March, when the stock market hit a low point during the coronavirus pandemic. 

Big Tech stocks, which have been the main source of the market’s sell-off in September, rebounded on Monday: Shares of Amazon, Apple, Microsoft, Facebook and Google-parent Alphabet all rose.

Bank stocks also led the market higher, with JPMorgan Chase, Bank of America, Citigroup,

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Hopes fade for stranded whales in Australia [Video]

SHOTLIST

MACQUARIE HARBOUR, AUSTRALIASEPTEMBER 24, 2020SOURCE: AFPTV

1. Wide shot a stranded whale lies still in the shallow water2. Mid shot rescuers move a whale from a trailer back into deeper water3. Mid shot rescuers stand with a whale4. Mid shot a stranded whale splashes in the shallows5. Mid shot rescuers stand with a whale

///———————————————————–AFP TEXT STORY:

newseriesHopes fade for more survivors in Australia mass whale stranding By Mell Chun, with Andrew Beatty in Sydney

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ATTENTION – ADDS quotes from rescuer, local community ///Macquarie Harbour, Australia, Sept 24, 2020 (AFP) – Only a few dozen of the 470 whales stranded on Australia’s coast can still be saved, rescuers warned Thursday, as they weighed euthanising those animals in most distress. At least 380 pilot whales have died since their pod was discovered beached on Tasmania’s rugged western seaboard four days ago — Australia’s largest-ever mass stranding.Around 70 of the

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Apple CEO Cook hopes wildfires, hurricanes, flooding will prove climate change

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Tim Cook, Apple’s CEO, said he tries to focus on policy, not politics.


James Martin/CNET

Get Tim Cook talking about privacy, renewable energy or even the coronavirus pandemic, and he’s happy to give you his perspective. Talk about President Donald Trump, and he almost immediately wants to change the topic.

The dynamic played out several times with Cook, who participates in only a handful of interviews per year, while talking with the Atlantic’s editor-in-chief, Jeffrey Goldberg, in a video-recorded interview Monday. 

Goldberg asked about Cook’s conversations with Trump, who’s invited the Apple CEO to White House events on manufacturing and the economy. Cook said he didn’t want to share them out of respect for Trump’s privacy. Goldberg asked how Cook would rate America’s response to the coronavirus. Cook once again declined.


Now

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