GLOBAL MARKETS-Europe cheers super-sized stimulus plan, U.S.-China tensions simmer

* EU stimulus drives shares up for fourth straight day

* Euro perched at 2-month high

* Yuan, Hong Kong shares hit by rising U.S.-China tensions

* Oil markets slip after recent rebound

By Marc Jones

LONDON, May 28 (Reuters) – European shares rose for a fourth straight session on Thursday and the euro perched at a two-month high, as businesses returning to work and a 750 billion euro EU stimulus plan outweighed rising U.S.-China tensions.

Asian markets were subdued overnight after U.S. Secretary of State Mike Pompeo warned Hong Kong no longer warranted special treatment under U.S. law, but there was no stopping Europe.

Traders diving back into the markets after Wednesday’s EU plan to prop up the bloc’s coronavirus-hit economies pushed the region-wide STOXX 600 index up more than 1% to a fresh 11-week high, led by a 2% jump in travel & leisure stocks .

The euro

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Buy Stocks, But Keep In Mind We’re In A Recession

The Federal Reserve has taken the necessary steps in stabilizing stocks, and the market is now in a “much better place” than it has been for some time, Chris Harvey, head of equity strategy at Wells Fargo Securities, said Wednesday on CNBC’s “Trading Nation.”

Wells Fargo Strategist Finds Signs Of Hope

The coronavirus has yet to be resolved, but there are initial signs its devastation has peaked in Italy and “perhaps” even in New York City, Harvey said.

The timing comes just one week ahead of the first round of earnings reports, which Harvey said will still be “difficult.”

Over the next few days and weeks, Wall Street’s earnings estimates are likely to come down “dramatically,” but this shouldn’t necessarily deter investors from buying stocks at current levels, he said.

Investors shouldn’t shy away from seeking opportunities after the recent “destruction” in stocks, the strategist said. 

Benzinga is covering every

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Edited Transcript of PRFT earnings conference call or presentation 7-May-20 3:00pm GMT

ST. LOUIS May 28, 2020 (Thomson StreetEvents) — Edited Transcript of Perficient Inc earnings conference call or presentation Thursday, May 7, 2020 at 3:00:00pm GMT

* Jeffrey S. Davis

Perficient, Inc. – Chairman, President & CEO

* Paul E. Martin

Perficient, Inc. – CFO, Treasurer & Secretary

* Thomas J. Hogan

Perficient, Inc. – COO

Alliance Global Partners, Research Division – Head of TMT Research, MD & Senior Technology Analyst

Ladies and gentlemen, thank you for standing by, and welcome to the Perficient Q1 2020 Earnings Conference Call. (Operator Instructions) Please be advised that today’s conference is being recorded. (Operator Instructions)

I would now like to hand the conference over to your speaker today, Chairman and CEO, Mr. Jeff Davis. Thank you. Please go ahead, sir.

Jeffrey S. Davis, Perficient, Inc. – Chairman, President & CEO [2]

Thank you. Good morning, everyone. This is Jeff Davis, Perficient’s Chairman and CEO. … Read More

Companies begin to navigate a world that is vastly changed

The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Thursday related to national and global response, the work place and the spread of the virus.


TESTING THE WATERS: With countries and U.S. states beginning to relax shelter-in-place restrictions despite caution from the medical community, companies must navigate a work environment that is vastly different. Automakers will be among the first major manufacturing sectors to reopen factory floors.

— More than 300 Coach, Kate Spade, and Stuart Weitzman stores will reopen for business by the end of the week, starting with curbside or store pickup services. Approximately 20 stores in Europe, 35 stores in Japan, 35 stores in Malaysia and nearly 30 stores in Australia will be opened to customers, according to parent company Tapestry Inc. All stores have reopened in China and South Korea. Stores open to customers will

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