A global stock market rally showed signs of faltering on Tuesday, ahead of a slew of corporate earnings announcements that are likely to reveal further damaging effects from the coronavirus outbreak.
European markets opened cautiously higher following mixed trading in Asia.
Less than an hour after the Small Business Administration started taking requests for $310 billion in emergency aid for small businesses on Monday morning, its computer system for processing the loan applications crashed.
“It’s obvious the system is
The Federal Reserve’s efforts to stabilize financial markets are seeing substantial takeup, the central bank’s first 30-day public report on the programs showed.
The Fed disclosed details on three of its emergency lending facilities, all rolled out since mid-March. One is targeted at primary dealers, the big banks that serve
Asia markets fell on Friday after Wall Street gave up its gains in a late-session slump, as investors processed more bad news from the coronavirus outbreak.
Japan stocks led a moderate drop across the region by midday. Futures markets were predicting
Stocks in the United States rallied on Friday, with efforts to reopen the economy taking center stage and investors undeterred by more data showing the economic damage of the coronavirus pandemic.
The gains came after President Trump told
Asian markets rose on Tuesday after China reported a smaller-than-expected hit to trade, though investors remained nervous heading into what could be a rough corporate earnings season.
Japan led a broad rise in stock markets across the Asia-Pacific region,
