As of Tuesday night, Alibaba platforms had already processed 372.3 billion yuan ($56.5 billion) in sales.

There was also some cheer about Joe Biden's choice of Kamala Harris as his running mate for November's election.

Markets have surged about a fifth from their March lows, thanks to the easing of lockdowns.

Concerns about the impact on demand from the reimposition of some containment measures weighed on oil markets.

Adding to the broadly positive outlook is optimism about progress on a vaccine.

The gains come despite a flurry of downbeat economic data, including Monday's news that Japan had fallen into its first recession since 2015.

Wuhan reported six new infections in two days and South Korea announced its biggest spike in new cases for more than a month.

Growth forecasts for the first quarter of 2020 and the year as a whole have been lowered by most economists.

China has been praised by the WHO for its transparent handling of the outbreak.

Markets cheered China's announcement that it would halve levies on $75 billion worth of US imports after the two last month signed their mini trade deal

The latest outbreak is expected to deal a massive blow to China's already-fragile economy.

With very little by way of market-moving events on the horizon, analysts are expecting a quiet week.

Weakening global growth and President Donald Trump's trade wars together hit US exports.

Ralph Lauren's new workwear collection is inspired by the sitcom "Friends" to honour its popular fictional character, Rachel Green played by Jennifer Aniston.

Apple beat analysts' estimates in its fiscal Q2 report but did admit to some disappointing metrics.

The athleticwear giant is separating itself from the competition with its focus on customers' digital experience.

Slower U.S. growth expectations and the Federal Reserve's more gradual approach towards interest rate hikes will weigh on the U.S. dollar in the second half of the year, analysts said in a poll conducted by International Business Times.

Investors fear a constellation of concerns from rising interest rates, intensifying tensions over trade, a slowdown in China and the prospect that U.S. corporate earnings growth will soon stall.

Companies in the top quartile for gender and ethnic diversity are 35% more likely to have financial returns above the industry average.

The September gain extended an 8½-year streak of monthly job growth with millions of Americans having gone back to work since the Great Recession.

South America's second-largest economy battered by a run on the Argentine peso amid double-digit inflation.

Germany is operating at full employment, with the jobless rate only 3.4 percent. Others such as Spain and Italy have double-digit unemployment rates.

Warmer weather fueled UK construction and consumer spending after snow and ice curtailed activity in March.

Most analysts IBT/Newsweek spoke to are worried about a crypto bubble.

Amid the harsh political rhetoric around the Brexit debate, fear of a hard exit from EU is not shared by economists and investors polled by International Business Times.

The U.S. action widens a rift with America's closest allies and alarming investors in global financial markets.

President Donald Trump announced in March the United States would slap a 25 percent tariff on imported steel, and a 10 percent tariff on imported aluminum.

Several indicators suggest Trump's America is in good economic health.

Has the the time come for growth-focused investors to hand on the baton to their counterparts in the value camp?

The world's second-largest economy expanded by 6.8 percent during the January-March quarter, compared to the same quarter in 2017.