By Geoffrey Smith
Investing.com — 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 of...read more...