Markets Steady, Evergrande Woes, IBM and Other Earnings – What’s Moving Markets By –
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By Geoffrey Smith — Global markets stabilize after Monday’s sell-off – except for crypto, which is still falling after breaking some key support levels. The massive settlement of claims against the makers and distributors of opioids is drawing near.

IBM (NYSE:) posts strong revenue growth as earnings season kicks into top gear, and China’s biggest property developer lurches toward a possible default. Here’s what you need to know in financial markets on Tuesday, 20th July.

1. Markets stabilize – except , which is still falling

Global financial markets have stabilized after Monday’s sell-off, which was caused by growing alarm at the ongoing spread of Covid-19 and its ability to derail the economic recovery worldwide.

The bellwether has however only risen 1 basis point from its overnight low of 1.18%, which represented a five-month low. The , meanwhile, has edged down 0.1% to 92.838.  

While Asian stocks followed Wall Street lower overnight, the selling slackened toward the end more...