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GLOBAL MARKETS-Stocks creep higher on U.S. stimulus hopes, yuan sinks

* ASX opens 0.1% higher, futures suggest steady open in Asia* USD/CNH leaps 0.7% after PBOC tweaks FX policy* Asian stock markets: Tom WestbrookSINGAPORE, Oct 12 (Reuters) - Asian stock markets began the week with cautious gains on Monday, as investors clung to hopes for

Tesla battery supplier LG Chem forecasts record third-quarter profit

SEOUL (Reuters) - South Korea's LG Chem Ltd, an electric vehicle (EV) battery supplier for Tesla and a petrochemicals maker, said on Monday its third-quarter operating profit likely jumped to a record high, beating analysts' estimates.The company did not elaborate on the reasons for its upbeat outlo

Libya Reopens Its Biggest Oil Field, Giving OPEC+ a New Headache

(Bloomberg) -- Libya took a major step toward reviving its battered oil industry by reopening its biggest field, presenting a new headache for OPEC+ as the alliance of major producers tries to curb global supplies.The National Oil Corp., Libya’s state energy company, lifted force majeure on the west

Yuan Drops on China Rule Change; Dollar Edges Up: Markets Wrap

The offshore yuan fell after Chinese policy makers acted to restrain its strength by making it easier to bet against. Stocks began the week in mixed fashion.The yuan fell as much as 0.7% lower against the dollar, which ticked higher against major peers. The Australian dollar also slipped. S&P 50

Hong Kong IPO Boom Set to Continue, Led by Technology Companies

(Bloomberg) -- Hong Kong’s boom in initial public offerings is set to be prolonged as companies given a boost by the pandemic outbreak follow China’s technology giants in selling shares, the bourse’s head of listings said.Companies from the technology and biotechnology sectors could continue to fill

3 reasons stocks will probably rise no matter who wins the presidential election

Every election cycle I field the same inquiry from my clients: Don’t you think stocks will sell off if my candidate loses? My response is always the same: Don’t invest your politics.Though most investors handicap the election on a daily basis, savvy investors should focus on long-term economic trend

'Better Than Expected': Stock Market Update For The Week Ahead

The Past Week, In A NutshellWhat Happened: Last week ended positive alongside progress in stimulus talks.Remember This: “Very rarely in the last 10 years have we seen earnings estimates moving higher after a quarterly reporting season,” said Art Hogan, chief market strategist at

Dow Jones Futures: Stock Market Rally Is Best Of Both Worlds, But Stimulus Talks At 'Impasse'; Apple iPhone, Amazon Prime Day On Tap

Dow Jones futures rose modestly Sunday evening, along with S&P 500 futures and Nasdaq futures, with stimulus deal hopes fading again. The stock market rally had a powerful advance week. With the major indexes making a big move higher and leading stocks continuing to jump, it's the best of both w

Stocks Advance on Stimulus Hopes; Dollar Weakens: Markets Wrap

(Bloomberg) -- U.S. futures rose as global markets extended a rally that was fueled on Thursday by corporate deals and optimism that American lawmakers will reach a stimulus accord.Contracts on the S&P 500 Index pointed to a strong open following Wednesday’s 1.7% surge, after President Donald Tr

Tesla Gets Wall Street-High Price Target of $578 From New Street

Tesla (TSLA) - Get Report shares traded higher Thursday after receiving an upgrade from analysts at New Street Research, who also lifted their one-year price target on the electric vehicle maker to a Wall Street-high of $578.In a note to clients, New Street Research analyst and

Morgan Stanley to Purchase Eaton Vance for About $7 Billion

(Bloomberg) -- Morgan Stanley agreed to purchase Eaton Vance Corp. for about $7 billion in Chief Executive Officer James Gorman’s second major acquisition this year, both of which tilt the investment bank further toward the steadier business of money management.Eaton Vance shareholders will receive

Stock futures rise following Pence-Harris debate

Stock futures rose Thursday morning after the debate between Vice President Mike Pence and Sen. Kamala Harris took place Wednesday night without a hitch and increased optimism surrounding additional fiscal stimulus.Dow futures rose 115 points, a gain of 0.4%, while contracts

Dow Futures Extend Gains on Stimulus Hopes as Wall Street Rally Powers Ahead; Weekly Jobless Claims in Focus

Wall Street is looking to extend its best week since August as stimulus hopes, as well as trillions in Fed support, continue to drive markets higher heading into the start of the third quarter earnings season.The Thursday Market MinuteGlobal stocks extend gains on U.S. stimulus hopes as lawmakers pr

Stock market news live updates: Stocks aim to extend gains as jobless claims rise anew

Stock futures advanced Thursday morning, pointing to a higher open after the three major indices closed at their highest levels in more than one month a day earlier, and investors digested a new round of jobless claims that were higher than expected.Contracts on the Dow rose more than 120 point

Dow Jones Futures Rise: Stock Market Rally Stronger Than It Seems; IBM, Tesla, Taiwan Semiconductor, Regeneron Climb

Dow Jones futures rose modestly Thursday morning, along with S&P 500 futures and Nasdaq futures. The stock market rally rebounded Wednesday on yet another tweet from President Donald Trump. The major indexes are at recent highs while leading stocks are strong.Taiwan Semiconductor stock, Reg

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