The European Commission will use bond auctions for selling some of the debt to back its covid-19 recovery fund. This was a statement from the commissioner for budget and administration on Thursday. For weeks now, a key focus for markets were details about the tools the EU will use. That is in order to increase …
EU to Use Bond Auctions to Sell Debt for Recovery Fund Read More »
European stocks slumped on Thursday’s stock market. Investors were anxious about the impact of a second wave of coronavirus on the economy. That is, without any stimulus at hand to cushion the blow. The Stoxx Europe 600 lost 2.2%, and the main regional indexes were down. The German DAX, French CAC 40 and U.K. FTSE …
European Stocks Down, Fading Stimulus Hopes, New Restrictions Read More »
Massive government spending to counter the COVID-19 pandemic will push public debt to nearly 100% of global economic output this year. But if growth rebounds next year, the run-up may be a one-off event, according to the International Monetary Fund on Wednesday. In its latest Fiscal Monitor, the IMF said it anticipates government budget deficits …
U.S. stocks are seen opening largely flat on Wednesday. The corporate earnings season is kicking into full gear and focus is on the key banking sector. S&P 500 futures traded 2 points, or 0.1%, lower at 07:05 AM ET (1105 GMT). The Dow futures contract gained 10 points, or 0.1%, while Nasdaq 100 futures rose …
U.S. Futures Unchanged, Banking Earnings in Focus Read More »
GBPNZD The UK labor market is a disaster. Unemployment rate rose to 4.5% for the month of August on Tuesday’s report, October 13. Employment change for the said month was -153K which was way higher than the -12K result from July and from -30K expectations. Meanwhile, average earnings index including bonus haven’t made any progress …
European Union countries will jointly borrow then spend 750 billion euros or $880 billion over subsequent three years. This is to lift the economy out of the deep recession caused by the COVID-19 pandemic. Of the whole 750 billion euros that the EU will borrow, 360 billion is to be distributed in cheap loans. Then, …
European stocks fell on Tuesday, losing momentum after the pause of a key coronavirus vaccine trial. Stock traders waited for earnings from some of the world’s leading banks. Rising 0.7% on Monday, the Stoxx Europe 600 SXXP, -0.14% fell by 0.1%. Also sinking were the German DAX -0.36%, French CAC 40, -0.27% and U.K. FTSE …
European, US Stocks Lose Momentum after Vaccine Trial Pause Read More »
EURTRY The EURTRY should continue its bullish climb in the coming days as traders brush off the positive results shown by Turkey’s economy. In fact, the two currencies are backed up by contrasting results, the eurozone is pumping out more negative figures than positive and vice versa for the Turkish economy. The main factor that …
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