Stocks Rise as Firms Reveal Quarterly Earnings: Live Updates

  • Date: 13-Jul-2020
  • Source: The New York Times
  • Sector:Economy
  • Country:Saudi Arabia
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Stocks Rise as Firms Reveal Quarterly Earnings: Live Updates

Here's what you need to know:

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An electronic stock board showing Japan's Nikkei 225 in Tokyo on Monday. Asian shares rose Monday, cheered by recent upbeat projections on a global rebound tempered with worries about disappointment that could follow.Credit...Eugene Hoshiko/Associated Press

Stocks started the week on a positive note, as investors looked ahead to corporate earnings reports for the latest clues on how businesses are coping through the pandemic.

European markets were about 1 percent higher in midmorning trading, following an Asian trading session where indexes finished were broadly higher. Wall Street futures were pointing to a upswing when trading begins in New York.

In other markets, oil futures were lower, beginning a week when major producers are meeting to consider market trends; OPEC+, the group that includes Saudi Arabia and Russia, is likely to increase their output in August, as coronavirus lockdowns ease and demand begins to rise again.

U.S. Treasuries were higher, and gold gained about 0.6 percent.

Major banks in the United