European Economy

Euro rose slightly Thursday. What about other currencies?

Euro Rose Slightly Thursday. What About Other Currencies?

The Euro traded slightly above 3-1/2-month lows against the U.S. dollar on Thursday. Traders are waiting for a potentially momentous meeting of the ECB. Meanwhile, riskier currencies such as the Australian dollar surged forward as a global risk sell-off abated further.  The Japanese yen and the U.S. dollar index soared earlier this week to the …

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EU flag waving, european stocks, britain

European Stocks Crash as U.S. Stocks Are Mixed

On Thursday, July 15, all European stocks crashed as Germany and the United Kingdom, the region’s first and second-largest economies, led the losses. At the close in Frankfurt Stock Exchange, both DAX and MDAX Performance Index declined 0.004% or 0.66 points to $15,789 and 0.420% or 145.09 points to $34,776, respectively. The former’s losers were …

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European Union and Recovery Fund

The European Union’s Climate Plan Aims to Reduce Emissions

This week, the European Union set to take the lead in climate policy action among the world’s largest greenhouse gas emitters. A slew of ambitious plans to reduce emissions over the next decade drastically. If approved, the policies would put the EU, the world’s third-largest economy, on track to meet its 2030 goal of reducing …

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How to invest in commodities?

Europe’s Carbon Push Stokes Backlash Fears

A European Union plan to extend carbon pricing to the gasoline used in automobiles and to heat homes faces early opposition from governments and parliamentarians concerned about public backlash. Supporters find measures to compensate people who will be most affected. According to leaked drafts, the system would establish an Emissions Trading Scheme (ETS) for transportation …

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EU flag waving, european stocks, britain

European Stocks Crashed as Investors Worries on Recovery

On Friday, July 8, European stocks crashed amid a global sell-off as investors worried about the region’s economic recovery. The STOXX Europe 600 closed 1.72% lower with a net change of $7.92. This sent the stocks to the bottom at $451.61 per share. Retailers, which dropped 3.2%, led to the loss. Also, all sectors and …

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U.S. dollar declines on Thursday after the short rebound

U.S. Dollar Wavered on Thursday. What About the Euro?

The U.S. dollar struggled on Thursday as traders discussed whether the Federal Reserve would taper its asset purchases shortly or not. Investors are also waiting for closely watched U.S. inflation data, which is due this week. The forex market is currently heavily short on dollars. As a result, the suggestion of tapering is enough to hinder further …

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european money with charts

European Stocks Flopped Amidst Inflation Concerns

On Wednesday, May 19, European stocks flopped, succeeding in a global drop in stock markets on Tuesday amidst investors’ inflation concerns. In front of more retail earnings, U.S. stock futures plunged in early premarket trading on Wednesday. At the same time, Asia Pacific stocks also slumped on the same day. Some markets were shut in …

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