|Bid||174.98 x 0|
|Ask||175.04 x 0|
|Day's Range||174.94 - 180.69|
|52 Week Range||1.41 - 2,334.50|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 06, 2020|
|Forward Dividend & Yield||0.15 (12.82%)|
|Ex-Dividend Date||Sep 03, 2020|
|1y Target Est||4.95|
Global equity markets edged higher and bond yields eased off earlier lows on Thursday as investors awaited word on a new U.S. aid package to counter economic fallout from the coronavirus crisis. Safe-haven gold extended its record-breaking run, driven by expectations of more stimulus, while the dollar initially gained after data showed fewer Americans sought jobless benefits last week. Gold has been rising on concerns stimulus will fuel inflation and erode the value of the dollar.
Global equity markets slipped and bond yields fell on Thursday as investors awaited an agreement on a U.S. aid package to mitigate the fallout from the coronavirus crisis, with poor corporate earnings reports also weighing on European shares. Safe-haven gold extended its record-breaking run, driven by expectations of more stimulus to counter the pandemic, while the dollar gained after data suggested the U.S. labor market is stalling amid a resurgence in COVID-19 cases. The report, he said, supports the need for stimulus.
(Bloomberg) -- European stocks fell on Thursday, dragged lower by downbeat earnings updates from companies including Glencore Plc and Munich Re, while U.S.-China trade tensions were also in focus.The Stoxx Europe 600 Index ended 0.7% lower. Miners slumped the most, trimming sharp gains made on Wednesday, after Glencore scrapped its 2020 dividend. Insurers also underperformed after AXA SA abandoned some growth targets and canceled a payout, while Munich Re withdrew its 2020 guidance. Credit Agricole SA dropped after setting aside more in bad-loan provisions than expected.Equities have lost steam after surging to a four-month high in late July, as investors question whether much of the economic recovery is already priced in and assess the risk of it being derailed by rising coronavirus cases. Adding to geopolitical tensions, U.S. Secretary of State Michael Pompeo on Wednesday urged American companies to bar Chinese applications from their app stores.There’s “weaker market sentiment following mixed developments on multiple fronts,” said Pierre Veyret, a technical analyst at ActivTrades. “Rising U.S.-Sino tensions, increasing virus cases on the old continent and the recent batch of mixed macro data are some of the clouds darkening the sky for investors.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.