Market Overview - Page 137

President Joe Biden will set a new national target for the adoption of electric vehicles on Thursday, calling for them to represent 40% to 50% of all new auto sales by 2030, according to senior administration officials. The target is.

The pan-European Stoxx 600 inched 0.3% higher in early trade, with tech stocks adding 0.9% while basic resources fell 1.3%. Shares in Asia-Pacific held on to their recent gains in Thursday morning trading, despite uncertainty over Chinese policy and the.

Yesterday, we had an opportunity to see how much the market is dependent on the Fed’s monetary policy expectations. Speculations about Fed’ taper timing is the primary driver of volatility in US and European markets and most of the world’s.

The dollar came under pressure after the ADP US employment data. The private company estimated a 330K rise in private sector employment in July, roughly half of expectations and that of the previous month. The ADP estimates that private sector.

China is supporting the markets’ optimism today with a firm services PMI release. The index rose to 54.9 in July, marking an acceleration after June’s failed 50.3 and alarming manufacturing activity data earlier in the week. The dollar retreated to.

The Asia-Pacific region published healthy reports that keep financial markets’ wariness from turning into a sustained sell-off. The New Zealand dollar has surpassed the milestone of 0.7000, the Chinese yuan is testing the highs of the last six weeks, and.

Indian shares hit a record high on Wednesday as investors remained upbeat in the middle of corporate earnings season and ahead of the central bank’s policy meeting. The Nifty 50 index rose 0.79% to 16,258.05, led by gains in financial.

China is facing pockets of resurgence in major cities from Beijing to Wuhan, and authorities have imposed mass testing and widespread travel restrictions in some areas. Daily Covid-19 cases are rising again as the delta variant spreads across the country..

Chinese companies wanting to go global are running into shipping problems. Access to cheap manufacturing at home gave Chinese businesses an advantage overseas. But it’s turning into a disadvantage now, as the pandemic and trade tensions disrupt international supply channels..

Shares of Robinhood soared Tuesday, pushing the newly public stock trading app well above its IPO price of $38 per share last week. Robinhood went public last Thursday on the Nasdaq under the ticker HOOD, hitting the public markets it.

Economists broadly expect the Bank of England’s Monetary Policy Committee to raise its inflation forecasts on Thursday after two straight months of overshoots. However, investors should not expect a hawkish shift, and economists at several major European banks are expecting.

President Joe Biden held on to his overall approval rating in the latest CNBC All-America Economic Survey but showed weakness in two key areas as the public’s views on the economy and the outlook for the virus soured. In the.