Market Overview - Page 138

Stocks tied to the economic recovery rose after a stronger-than-expected jobs report on Friday, sending two key market averages to all-time highs. The Dow Jones Industrial Average rose 133 points, or 0.4%, and hit an intraday record high. The S&P.

Germany is about to embark upon a new political chapter that will have three main challenges, Goldman Sachs said Friday. Chancellor Angela Merkel will leave office this fall following 16 years in power. Though Goldman believes she will leave Europe’s.

United Airlines will require its 67,000 U.S. employees to get vaccinated against Covid by no later than Oct. 25 or risk termination, a first for major U.S. carriers that will likely ramp up pressure on rivals. Airlines including United have.

Strong US job market data sharply increases the chances of an imminent reversal of the Fed’s monetary policy, contributing to strengthening the Dollar, which could start a prolonged upward trend over the coming weeks and even months. 943K jobs were.

It’s jobs day on markets. The US publishes its monthly jobs growth estimate. This indicator could regain its lost glory this month as the economic indicator that provokes the most volatility in the markets. Strong data this time will confirm.

At today’s meeting, the Bank of England kept all the key monetary policy parameters unchanged, leaving the Bank Rate at 0.1% and QE at £895 Billion. However, the BoE has indicated a shift towards monetary policy tightening. Michael Saunders voted.

Futures contracts tied to the major U.S. equity indexes were mildly higher Thursday morning as Wall Street looked to improve upon a mixed week. Dow futures rose 89 points, or 0.3%. S&P 500 futures and Nasdaq 100 futures also added.

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.