European stock markets traded largely flat on Tuesday, as investors focused on earnings from blue-chip companies like HSBC and BP. This was ahead of the start of the Federal Reserve’s two-day meeting. The DAX in Germany and the CAC 40 in France traded unchanged at 3:50 AM ET (0850 GMT). At the same time, the …
EU Stocks Unchanged; AU Stocks Lower at Close of Trade Read More »
Asia Pacific stocks were mostly up on Monday morning, with investors awaiting the U.S. Federal Reserve’s policy decision. While the central bank’s policy decision is due later in the week, results from the continuing earnings season are also in focus. Investors will be looking for clues on the global economic recovery from COVID-19. The Fed …
Germany has raised its growth forecast for 2021 to 3.5%. A source said this in comparison with the 3% growth it was expecting back in January. A stronger-than-expected Q4 justified the upward revision. The government expected the country to expand by 3.6% in 2022, the source added. On Tuesday, the government is due to present …
Germany Revises Growth Forecast; Commodities Up; Oil Down Read More »
According to a European Central Bank survey, the eurozone economy should grow slower this year. Moreover, a temporary surge in inflation will exceed a previous projection. This year, the eurozone economy is expanding by 4.2%. This percentage is below a previous projection of 4.4%, but next year’s growth outlook grew to 4.1% from 3.7%. Hence, …
Asian Pacific shares edged up on Friday, as gains in China and the European Central Bank’s decision to maintain stimulus helped lift the shares. Investors largely ignored the possibility of a U.S. capital gains tax hike. Despite its prediction of a strong rebound, the ECB’s decision to leave policy on hold came. The eurozone economy …
The European Central Bank should keep policy unchanged at a meeting on Thursday. Its stimulus measures are keeping the economy afloat. The central bank has pinned borrowing costs near record lows through massive bond purchases to support the eurozone through the recession. The economy needs only a little more time before it gets back from …
Asia Pacific stocks mostly rose on Thursday morning, breaking two consecutive days of losses. This came after a rally in companies boosted their U.S. counterparts. These companies stand to benefit the most from the economic recovery from the pandemic. A spike in global coronavirus cases knocked global stocks below record highs. As the earnings season …
Asian Stocks Up, Surge in COVID-19 Cases Still Beset Markets Read More »
British inflation picked up in March with global oil prices rising and retailers scaling back their COVID-driven discounts. It is likely to keep edging up as the economy reopens from lockdown. In the coming months, British inflation should rise due to increased regulated household energy bills in April. It will also rise due to higher …
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