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 Global shares rose on Thursday
on hopes the COVID-19 pandemic was nearing a peak and that
governments would roll out more stimulus to support their
economies, while expectations of a deal to cut oil production
bolstered crude prices.
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 European stocks traded higher in early action on Thursday as policymakers discuss how and when the global economy can reopen with data showing a slowing spread of the coronavirus.
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Live updates on stock market and business news during the coronavirus outbreak.
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 The move by the U.K. Treasury to reactivate its financing facility at the Bank of England will take the pressure of the bill and repo markets over the course of 2020 and 2021, according to Moyeen Islam, an analyst at Barclays. "These markets are primarily where the [Debt Management Office's] cash management operations show up," he said in a note to clients. The Treasury last tapped the facility in the first quarter of 2009, borrowing £20 billion. "The Bank emphasises the that the extension is temporary and short term in its nature. But recent experience tells us that what is temporary can often become permanent and expand - we need only to look at asset purchase to see this."
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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European stocks opened higher Thursday after a strong rally on Wall Street as policymakers globally discuss how to re-open their economies. The German DAX and the U.K. FTSE 100 each rose 1.4% in opening trade, while futures on the Dow industrials rose 233 points.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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The Swiss Financial Market Supervisory Authority said it welcomed the move by UBS and Credit Suisse to postpone half of their planned dividend distributions for 2019 to the fourth quarter. "FINMA welcomes this significant step, which was taken after FINMA wrote to the boards of directors of both banks asking them to reconsider their dividend plans. FINMA views this precautionary measure taken by both institutions as a way of simultaneously dealing with the major uncertainties associated with the COVID-19 crisis and addressing shareholders' expectations," it said in a statement.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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Live updates on stock market and business news during the coronavirus outbreak.
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Starbucks Corp. said Wednesday that it has committed $10 million to coronavirus-related economic relief efforts for workers at company-owned and licensed stores around the world. The new Starbucks Global Partner Emergency Relief Program, part of the effort, will offer one-time grants to those in need. Part of the $10 million commitment will benefit the company's existing CUP Fund, which has a similar goal. The money will also help Starbucks markets around the world fund programs to help workers. Starbucks shares are down 8.6% over the past year while the S&P 500 index has fallen 8.2%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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FedEx, UPS stocks surge as investors cheer news of Amazon pausing test of competing service MarketWatchAmazon to suspend delivery service competing with UPS, FedEx Yahoo FinanceAmazon Stops Shipping Service That Competes With FedEx Bloomberg TechnologyGood News For UPS And FedEx: Amazon Halts Shipping Program As Coronavirus Drives Online Demand Forbes
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