Asian shares and stock markets around the world remain under pressure as investors panic about the deadly coronavirus spreading in Shanghai China and will impact global growth.
Shares of computer-and-printer maker HP (NYSE: HPQ) rallied more than 15% on Thursday and climbed to a fresh all-time high of $41.40. The strong bullish momentum came after Warren Buffett’s Berkshire Hathaway bought a big stake in HP valued at about $4.2 billion.
Shares of US-based apparel company and leader in jeans Levi Strauss & Co. (NYSE: LEVI) bounced more than 5% in pre-market trading on Thursday after the company reported better-than-expected first-quarter financial results.
Today, the Investors and traders will closely monitor the release of the US Federal Reserve monetary policy March meeting minutes in which members decided to raise the federal funds rate by 25 basis points.
The Australian dollar extended the gains against the US dollar and Euro after the RBA meeting, the AUDUSD increased to its highest level since June 2021.