Market Overview - Page 194

Stock futures fell on Tuesday, with tech shares set to lead the decline. The pullback follows a strong start to May as investors on Monday piled into shares that would benefit the most from an economic reopening. Futures on the.

As the coronavirus pandemic eases, credit activity in the UK is rising. A fresh set of statistics could be another factor for the Bank of England’s decision to slow QE as early as this week, taking the first step towards.

India crossed 20 million reported cases of Covid-19 on Tuesday. There were 357,229 new cases reported over a span of 24 hours, bringing the total to 20.28 million, according to health ministry data. India’s first cases were detected in late.

Oil giant Saudi Aramco reported a 30% jump in net income Tuesday, in a sign of a continued recovery from the previous year’s oil market crash that saw full-year earnings for the state firm slashed in half. In a release.

Foreign ministers from the Group of Seven (G-7) developed nations are to meet in London on Tuesday to discuss the most pressing geopolitical challenges facing the world, including Russia and China. The U.K. is hosting G-7 foreign and development ministers.

The dollar added 0.1% by the European open, having almost completely recovered from the decline the day before. The recent pull into the dollar is well matched by the slippage in stock markets. Since the start of last week, the.

Germany’s GDP fell by 1.7% in the first quarter, says Destatis. The fall to the same period a year earlier is 3.3%. This is in clear contrast to the USA, where the economy is already 0.4% above pre-pandemic levels. Germany,.

The oil price is ready for further growth, and this year it might consolidate in the area of $70-75, not ruling out bounces up to $85. The rally in early November overheated the price by March, which turned out to.

Asian stocks retreated Friday as China’s antitrust crackdown weighed on technology firms, while U.S. equity futures fell after another record on Wall Street overnight. Treasuries and the dollar were steady. Hong Kong led regional losses and an Asia-Pacific stock gauge.

An unheralded corner of London’s property market is suggesting the capital has lost a big portion of its young professionals and lower-paid workers since the start of the pandemic. Those trends help explain why rents have been falling for whole.

Oil prices rose on Thursday, on track to hit six-week highs as strong U.S. economic data, a weak dollar and an expected recovery in demand outweighed concerns about rising output and the impact of higher COVID-19 cases in Brazil and.

China’s factory activity expanded at a slower pace and missed forecasts in April as supply bottlenecks and rising costs weighed on production and overseas demand lost momentum. The official manufacturing Purchasing Manager’s Index (PMI) fell to 51.1 in April from.