Wall Street stocks gained on Tuesday as hopes of more stimulus measures helped counter a mixed start to quarterly earnings season by the biggest US banks.

An advance on Wall Street that had sent stocks to a five-week intraday high on Monday was cut short in a volatile trading session ahead of quarterly results that will offer investors insight into the effects of the coronavirus crisis on the fortunes of corporate America.

A fresh burst of demand for US government bonds pushed yields on 10- and 30-year debt down this week to the lowest level since states began loosening lockdown restrictions, as a rise in deaths linked to the pandemic raised concerns over reopening the economy too soon.

Global stocks slipped on Thursday after an uptick of coronavirus deaths in Florida rekindled fears that the outbreak could hinder the fragile US economic recovery.

Global stocks were mixed on Wednesday while gold tested a nine-year high as investors tracked a surge in coronavirus cases that threatened to undermine economic recoveries across the world.

Stocks retreated across the world on Tuesday, ending a six-day global rally that had brought equities in the US within striking distance of positive territory for the year.

Wall Street stocks rose sharply on Monday, as bullish sentiment in China rippled across global markets to drive investors’ optimism for a recovery from the coronavirus pandemic.

Chinese stocks have rallied to a five-year high after a survey suggested the nation was recovering from the economic blow of coronavirus.

Equity markets climbed after a strong US jobs report fuelled hopes that the world’s largest economy is on track for a recovery from the damage caused by the coronavirus pandemic despite a recent rollback in the easing of lockdowns.

US stocks rose on the first day of the third quarter as bullish investors took heart from cheering economic data and news of a potential coronavirus vaccine.

Wall Street stocks recorded the best quarter in more than two decades amid a broad rally in global financial markets ignited by a barrage of central bank stimulus and hopes of a forceful economic recovery.

Stock markets in the US and Europe finished higher on Monday as investors bought industrial and other cyclical stocks, on the hope that rising US coronavirus cases will be contained and the economy quickly rebound.

BP has agreed to sell its petrochemicals business to Ineos for $5bn, as chief executive Bernard Looney accelerates his efforts to sharpen the focus and strengthen the finances of the global energy company.

US stocks dropped on Friday after Texas and Florida rolled back reopening measures, raising fresh fears that the coronavirus would derail an economic recovery. Banks were among Wall Street’s sharpest fallers after the US Federal Reserve told them to limit shareholder payouts.

Financials led US markets to their third positive close in four days on Thursday as bank stocks were boosted by the easing of post-2008 crisis rules that will make it easier to invest in venture capital funds and free up capital set aside for derivatives.

Global markets dropped on Wednesday as rising US Covid-19 cases and new quarantine measures fuelled fears that the virus could derail an economic recovery.

Global stocks resumed their march higher on Tuesday as investors took heart that better-than-expected surveys on business sentiment indicated companies were emerging from the worst of the global lockdowns.

US stocks climbed and gold rose towards its highest level since 2012 as investors bet on more fiscal stimulus from central banks in response to the acceleration in new coronavirus infections.

US equities had a cautious end to the week as fresh optimism about the outlook for the economy was tempered by concerns over the rising number of coronavirus cases.

Global stocks drifted lower on Thursday over signs an economic recovery could be snarled by new measures to contain the virus in some jurisdictions.

Banks have rushed to borrow a record €1.3tn from the European Central Bank at deeply negative interest rates, in the latest monetary policy drive to boost liquidity in the eurozone’s coronavirus-stricken economy.

From a little known payments company in Germany, just 30 minutes ago:

Insurance market Lloyd’s of London and brewer Greene King have apologised for their roles in the transatlantic slave trade and offered financial support to charities promoting diversity and inclusion.

Stock markets in the US and Europe struggled to make headway on Wednesday, with investors divided whether to take heart from signs of an economic recovery or fear the impact of rising Covid-19 infections.

Wall Street rallied on expectations of new aid for the US economy from the federal government and central bank, as retail sales came back stronger than expected last month from their pandemic low.