Day: September 10, 2015

Global stocks rally as investors scent fresh stimulus


Traders work on the floor of the New York Stock Exchange Global equity markets rose on Wednesday, led by an 8 percent surge in Japanese stocks, helping lift the dollar as the prospect of more economic stimulus out of Asia soothed investors rattled by recent market turmoil.

The charge into stocks pushed yields on low-risk government bonds higher, and a sale of German 10-year debt attracted bids worth less than the amount on offer. The U.S. Treasury is scheduled to auction $21 billion of 10-year paper later.

http://www.reuters.com/article/2015/09/09/us-markets-global-idUSKCN0R900X20150909

Union urges UPS pilots to vote on authorizing strike


An airplane is seen on the tarmac at the United Parcel Service (UPS) Regional Air Hub in RockvilleThe union representing pilots at package delivery company United Parcel Service Inc (UPS.N) said it had urged them to vote to authorize a strike.

The Independent Pilots Association said on Wednesday that if the pilots voted in favor of authorizing a strike, its board would have the authority to request a release from federally mediated negotiations with UPS.

The National Mediation Board has been mediating since early 2014 in contract negotiations between UPS and its pilots union on issues related to compensation, pension and benefits.

http://www.reuters.com/article/2015/09/09/us-united-parcel-pilots-idUSKCN0R91GU20150909

Related: AEROSPACE & DEFENSE

Wall St. set to open higher on Chinese stimulus hopes


Traders work on the floor of the New York Stock Exchange Wall Street was set to open higher on Wednesday as positive comments from Chinese officials kept alive hopes of further stimulus measures.

China’s Ministry of Finance said the government will strengthen fiscal policy, boost infrastructure spending and speed up reform of its tax system, adding to other steps to reenergize sputtering growth.

The Shanghai Composite .SSEC closed 2.3 percent higher and the CSI 300 index .CSI300rose 1.96 percent while Hong Kong’s Hang Seng .HSI was up 4.5 percent.

http://www.reuters.com/article/2015/09/09/us-markets-stocks-usa-idUSKCN0R91A720150909