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 …
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 …
The European Union’s Climate Plan Aims to Reduce Emissions Read More »
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 …
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 …
European Stocks Crashed as Investors Worries on Recovery Read More »
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 …
U.S. Dollar Wavered on Thursday. What About the Euro? Read More »
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 …
European Stocks Flopped Amidst Inflation Concerns Read More »
European shares edged lower on Tuesday’s stock market as early gains from commodity, bank, and travel stocks receded. The gains saw an offset from the losses in highly valued tech companies and automakers. The travel and leisure sector added 0.2%. The sector benefited from Britain’s announcement of a green list for countries that people can …
Early European Gains Wane as Tech, Auto Stocks Weigh Read More »
Last Friday, oil prices remained largely stable due to the support of the European economic recovery. However, India expressed concern about a record surge in the number of coronavirus infections. At 1335 GMT, Brent crude oil fell 2 cents, or less than 0.1%, to $65.38 per barrel, while the U.S. West Texas Intermediate crude oil …
Oil Prices Keep Stable with European Recovery Support Read More »
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