By Soumyajit Saha



graphical user interface: A board displaying stock prices is seen at the Australian Securities Exchange in Sydney


© Reuters/DAVID GRAY
A board displaying stock prices is seen at the Australian Securities Exchange in Sydney

(Reuters) – Australian shares struggled for direction on Monday as investors stayed away from making big bets ahead of corporate earnings and production results while awaiting further developments on U.S. stimulus talks.

The S&P/ASX 200 index <.axjo> slipped 0.03% to 6,100.2 by 23:45 GMT, after posting its best week in six months last week.

A slew of Australian companies, including global miners BHP Group and Rio Tinto , are scheduled to report their quarterly production figures later this week, while the ‘big four’ banks will provide the first peek into how lenders fared in the July-September quarter later this month.

The Australian parliament on Friday approved A$17.8 billion ($12.87 billion) in personal tax cuts, quickly pushing through measures announced earlier in the week as part of the federal budget to support

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NEW YORK (Reuters) – Global equity markets surged and the dollar fell from two-month highs on Monday as investors moved into beaten-down sectors such as banks and travel on the heels of last week’s sharp sell-off.

The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, September 22, 2020. REUTERS/Staff

Asian shares gained, with Chinese shares boosted by data over the weekend showing China’s industrial firms grew for the fourth consecutive month in August.

“We’re seeing a bit of a relief rally,” said Jonathan Bell, chief investment officer at Stanhope Capital. “Things got oversold perhaps a little bit in the short term.”

“We saw quite a lot of exuberance in July and August, with prices particularly of tech stocks rising and that then has come off a little bit recently,” he said.

MSCI’s gauge of stocks across the globe .MIWD00000PUS gained 1.68% following broad

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People visit the Charging Bull Statue during Covid-19 pandemic in Lower Manhattan, New York City, United States on May 25, 2020.

Tayfun Coskun | Anadolu Agency | Getty Images

U.S. stock futures were little changed on Sunday night as the market tried to bounce back from its longest weekly losing streak in about a year.

Dow Jones Industrial Average futures traded 17 points lower, or 0.1%. S&P 500 futures hovered below the flatline and Nasdaq 100 futures climbed 0.2%.

The S&P 500, Dow Jones Industrial Average and Nasdaq Composite all fell for a third straight week. That marks the market’s longest weekly slide since 2019.

Those declines came as tech shares — which led the broader market off its coronavirus lows and into record territory — struggled. Facebook, Amazon, Apple, Netflix, Google-parent Alphabet and Microsoft all posted steep weekly losses. The S&P 500 tech sector pulled back by 1%.

Tech

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Updated

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LONDON, Sept. 17, 2020 /PRNewswire/ — A London start-up ‘sofa in a box’ success story, that although four years in the planning, only opened for business at the beginning of 2020 and has already sold nearly 2000 sofas, welcomed 800k visitors to their website and banked £1m in sales in the first 8 months of trading. The next £1m is predicted to land in just 82 days. And when it comes to the revolution, well that all lies in the technology…

Swyft – the sofa market disruptors setting their sights on a flat pack revolution.
Credit: The New Model 02 sofa by Swyft. (PRNewsfoto/Swyft)

It’s been an impressive start for the under thirty entrepreneur Keiran Hewkin who masterminded the creation of a sofa that comes in boxes, needs no tools to put together, can be assembled in 5 minutes and is guaranteed to fit into small spaces. And

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Stock futures held steady in overnight trading on Thursday after another sell-off on Wall Street led by major technology names.

Futures on the Dow Jones Industrial Average rose about 20 points. The S&P 500 futures and the Nasdaq 100 futures were both flat.

During Thursday’s regular trading session, the S&P 500 declined 0.8% for its biggest drop in a week. The Dow dipped 130 points, snapping a four-day winning streak. The tech-heavy Nasdaq Composite fell 1.3% and briefly dipped back into correction territory, down 10% from its record high. 

“Tech inflicted a lot of the damage as that group extends the sell-off that commenced back on Sept.3,” Vital Knowledge founder Adam Crisafulli said in a note on Thursday. “The summer excess is still being wrung out of tech and the process has a bit more to run.”

Some of the biggest technology stocks have suffered double-digit losses so far this

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BENGALURU, Sept 11 (Reuters) – Indian shares were flat on Friday, after an agreement to de-escalate tensions on the contested Indo-China border helped offset some impact from a selloff in U.S. tech stocks overnight, while investors awaited industry data.

The blue-chip NSE Nifty 50 index rose 0.04% to 11,454.00, while the benchmark S&P BSE Sensex was up 0.02% to 38,846.68 by 0455 GMT. The indexes, which are less technology stocks driven than their global peers, closed more than 1.5% higher in the previous session.

The country will be releasing its industrial output data for July later in the day. A Reuters poll forecast a fourth straight month of decline.

India and China said on Thursday they had agreed to disengage troops on their contested Himalayan border and take steps to restore “peace” following a high-level diplomatic meeting in Moscow.

“The disengagement process could be very gradual, which may keep market

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Treasury yields were flat on Thursday as investors await the latest weekly jobless claims data.

The yield on the benchmark 10-year Treasury note was little changed at 0.698% and the yield on the 30-year Treasury bond was also flat at 1.454%. Yields move inversely to prices.

Investor focus Thursday will be on key jobless claims data, expected at 8:30 a.m. ET. Initial jobless claims for the week ended Sept. 5 are expected to hit 846,000, according to a Reuters poll, having beaten expectations to come in at 881,000 last week as the U.S. labor market continues to show signs of healing.

Equity markets bounced on Wednesday, halting consecutive days of losses driven by tech mega stocks Apple, Amazon, Microsoft, Alphabet, Facebook and Tesla. This sent yields higher as the day progressed, but investors have returned to a state of apparent caution ahead of Thursday’s open, unsure as to whether the

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The benchmark stock indices are down marginally at the moment after opening the day on a flat note.

Vodafone-Idea Limited, whose stock has clocked substantial gains recently, has rebranded itself as Vi in an attempt to turn its fortunes.

Join us as we follow the top business news through the day.

12:30 PM

Vodafone Idea to rebrand as Vi as it prepares for telecom battle

Rebranding coupled with fund infusion and restructuring at the troubled telecom company.

Reuters reports: “Vodafone Idea Ltd said on Monday it plans to rebrand itself as the debt-ridden telecoms carrier, which has been losing customers, looks to change its image three years after it announced the biggest merger in India’s telecoms market.

The loss-making carrier on Friday approved fundraising of up to 250 billion rupees at a time it owes roughly 500 billion rupees ($6.81 billion) in dues to the government. The dues, according to

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BEIJING (Reuters) – China’s exports likely posted a second month of solid gains in August as more of its trading partners relaxed coronavirus lockdowns and reopened their economies, while imports edged back into growth, a Reuters poll showed on Friday.

FILE PHOTO: A cargo ship carrying containers is seen near the Yantian port in Shenzhen, following the novel coronavirus disease (COVID-19) outbreak, Guangdong province, China May 17, 2020. REUTERS/Martin Pollard/File Photo

China’s export performance, boosted by record shipments of medical supplies and robust demand for electronic products, has not been as severely affected by the global slowdown as some analysts had feared, adding to hopes for a sustained economic recovery.

Exports in August are expected to have risen 7.1% from a year earlier, according to a median estimate of a Reuters poll of 23 economists, compared with a rise of 7.2% in July.

Imports likely rose 0.1% on year, the

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