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10 things you need to know before the opening bell

2 monthes ago   |   By Business Insider

Here's what you need to know before the markets open.
1. 'A glimmer of hope': Stocks, oil jump on signs of a Chinese manufacturing recovery and progress in the coronavirus fight in Europe. Analysts were skeptical of the Chinese PMI reading, arguing it was "incompatible" with past figures.
2. Global M&A plunges to 11-year low as coronavirus fears discourage deals. Worldwide transactions totaled $12.5 billion, the smallest weekly value since April 2009 per Refinitiv data.
3. HelloFresh shares hit record high due to virus sales boost. The meal-kit delivery firm expects strong first-quarter...
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'A glimmer of hope': Stocks, oil jump on signs of a Chinese manufacturing recovery and progress in the coronavirus fight in Europe

'A glimmer of hope': Stocks, oil jump on signs of a Chinese manufacturing recovery and progress in the coronavirus fight in Europe

2 monthes ago   |   By Business Insider

Stocks climbed on Tuesday, driven by signs of a Chinese manufacturing recovery and the prospect of the novel coronavirus passing its peak in Europe.
The Chinese government released a purchasing managers' index reading of 52 for March, up from 35.7 in February.
Analysts were skeptical of the figure and said it was "incompatible" with past readings.
The World Health Organization suggested the outbreak in Europe could be stabilizing as growth in new cases slowed.
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Stocks jumped on Tuesday as investors cheered evidence of a Chinese...
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