Global Stocks Rise, Buoyed by Reopening Hopes

U.S. futures advanced, suggesting markets could gain when they resume trading Tuesday after the long holiday weekend. 


 
German Consumer Mood Improves

German consumer sentiment is set to rise in June, recovering from the coronavirus shock, according to the latest GfK indicator. 


 
For Economy, Worst of Coronavirus Shutdowns May Be Over

Recovering air travel, hotel bookings and mortgage applications are among the early signs the U.S. economy is slowly creeping back to life. 


 
China's PBOC Vows More Targeted Measures to Counter Coronavirus

China's central bank will provide more targeted financial support for companies grappling with the coronavirus pandemic, People's Bank of China Gov. Yi Gang said. 


 
Declaring Virus Under Control, Japan Lifts State of Emergency

"We have showed the power of the Japanese model" in fighting coronavirus, Prime Minister Shinzo Abe said as he fully lifted a state of emergency and declared success, despite bucking much of the consensus about best practices. 


 
Singapore's Economy May Contract Further This Year Due to Covid-19 Impact

Singapore's economy is likely to contract more than previously estimated this year, as the Covid-19 pandemic will severely hurt the country's key services and manufacturing sectors. 


 
Mortgage Credit Tightens, Creating Drag on Any Economic Recovery

Housing is often the most immediate way the Federal Reserve transmits lower interest rates to the economy, as homeowners refinance to free up cash and as home buying spurs construction and spending. But the downturn and prepandemic regulations are making lenders skittish. 


 
Bank of Canada Chief Says Significant Stimulus Needed

The Bank of Canada anticipates providing the economy with sizable stimulus for the foreseeable future to help the country rebuild from the damage caused by the pandemic, Governor Stephen Poloz said. 


 
Regulator Says Europe's Banks Are Stronger, but Some May Not Weather Crisis

Europe's banks have built enough buffers to face the effects of the coronavirus pandemic, but not all will be able to weather a sharp fall in profitability as loans turn sour and the cost of raising funds rise, a banking regulator said. 


 
Steep Drop in Trade Flows Shows Pitfalls of Cross-Border Supply Chains

Global trade flows saw their largest decline since the financial crisis in the first quarter, as multinationals strained to restructure cross-border supply chains disrupted by the coronavirus pandemic.