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 »
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 »
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