The euro skyrocketed to as high as $1.20715 on Tuesday, reaching such a level for the first time since March 3. Meanwhile, the British pound rallied to a fresh one-month high at $1.40090, jumping by 1% overnight. Some analysts noted that support for the common currency likely came from the announcement that the European Union …
Euro Hit a High Record Tuesday. What About Other Currencies? Read More »
In October 2020, crude oil buyers in Europe started negotiations for this year’s term contracts for Saudi and Iraqi crude with a new set of concerns over official formula prices, availability, and allocation. The Organization of the Petroleum Exporting Countries (OPEC) supplies reliability. The two biggest producers combined with a lack of sour crude alternatives …
Crude Oil Buyers in Europe: Who Are They and What is the Current Problem? Read More »
On Monday, oil prices decreased by 4% on worries about covid-19 new lockdowns in Europe would weaken fuel demand. Besides, oil dropped amid concerns about turbulence over this week’s Unites States presidential election. Brent crude future for January fell by $1.49, which equals 3.9%, and settled at $36.45 a barrel, while U.S. WTI (West Texas …
Oil Prices Decreased by 4% After New Lockdowns in Europe Read More »
The European economies registered strong growth in the third quarter, exceeding, in most cases, the most optimistic forecasts. However, countries are preparing for a closure that will deliver a new economic blow. The leading indicators already show that the recovery has practically disappeared and the dreaded double recession is now inevitable. The GDP of the …
The double fall of the European economiesis assured Read More »
European stocks uneven as euro reinforces European stocks exchanged rough on Friday, weighed by a stable euro, and as financial specialists consumed a strategy move declaration by Federal Reserve Chairman Jerome Powell. Medication stock Bayer and innovation names fell. The Stoxx Europe 600 record SXXP, +0.05% facilitated 0.1% to 370.26, in the wake of dropping …
European stocks grappled on Tuesday, with investors balancing the generally stronger-than-expected Q3 earnings results with concerns about rising coronavirus cases. In the previous session European stocks slipped further after their biggest fall since September. Concerns over the worsening pandemic intensified. The Stoxx Europe 600 SXXP, -0.45% dropped 0.7%, after a 1.8% tumble on Monday. Moreover, …
European Stocks Struggle, Balancing Earnings with Virus Wave 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 »
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 »
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