European stock markets were lower on Thursday as worries over higher bond yields resurged. Moreover, extended equity valuations for earnings. The DAX in Germany traded 0.5% lower at 3:55 AM ET (0855 GMT). The CAC 40 in France dipped 0.2%, and the U.K.’s FTSE index shed 0.8%. EU markets received a weak handover from Wall …
EU stocks down, yields up; Lufthansa posts losses Read More »
OPEC + is considering maintaining its oil production cuts in April. Given the still-fragile recovery in global demand, three OPEC+ sources revealed to Reuters on Wednesday. Oil futures are up more than 2%, driven by this possible surprise, as an increase in production of 500,000 barrels was expected. OPEC and its allies, led by Russia, …
Oil Rises More Than 2% Amid Possible Maintenance of OPEC+ Cuts Read More »
On Wednesday, Texas’ power grid operator named 12 energy companies and two municipal utilities that failed to pay their bills. That was for power and services in February. Last month’s deadly blackout has led to the ouster of the operator’s chief executive. During the storm, the companies and utilities owe $2.21 billion for power and …
Texas Power Grid Cuts Off Firms with Unpaid Bills; CEO Fired Read More »
British finance minister Rishi Sunak said the UK needs to face up to the high borrowing necessary during the COVID pandemic. On Wednesday, Sunak spoke with Prime Minister Boris Johnson and other ministers. That was ahead of his budget statement to parliament which was due around 1230 GMT. The Chancellor said they must be honest …
Sunak Says Honesty is Needed Over ‘Extraordinary’ Borrowing Read More »
Asian shares were higher on Wednesday as investors ignored concerns about how stocks rallied last year. Instead, the focus is now on hopes for more U.S. stimulus at hand to energize the global economic recovery. MSCI’s broadest index of Asia-Pacific shares outside Japan advanced 1.12%. In Australia, shares were up 0.82%, while the Nikkei stock …
The world’s markets are starting to see the side effects of fiscal and monetary policy steps in response to the coronavirus pandemic. This was a statement from Guo Shuqing, head of the China Banking and Insurance Regulatory Commission, at Tuesday’s news conference. China’s top banking and insurance regulator expressed prudence regarding the risk of bubbles …
The Dow Jones Industrial Average’s Boeing Co. rose 5.84% or 12.38 points to trade at 224.39 at Monday’s close. U.S. stocks were higher after the close, with gains in the Technology, Industrials, and Oil & Gas sectors’ leading shares higher. At the close in NYSE, the S&P 500 index and the NASDAQ Composite gained 2.38% and …
U.S. stocks: Dow Jones industrial average up 1.95% Read More »
On Monday, the mayor of Auckland said that residents of New Zealand’s biggest city should be a priority for vaccines. The city was thrown into lockdown for the fourth time over the weekend. Thus, it costs millions of dollars a day. Auckland’s nearly 2 million population went under a seven-day lockdown. The case of one …
NZ lockdown costs millions daily to Auckland businesses Read More »
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