Market Overview - Page 199

European stocks hit a one-year high on Thursday as worries about a spike in inflation eased, while investors awaited the European Central Bank’s comments on a recent rise in bond yields. The pan-European STOXX 600 index rose 0.3% by 0809.

British engine-maker Rolls-Royce plunged to a worse than expected 4 billion pound ($5.6 billion) loss in 2020 as the pandemic stopped airlines flying, but stuck to its forecast to burn through less cash this year. Rolls’ model of charging airlines.

House Democrats passed a $1.9 trillion coronavirus relief bill on Wednesday, sending one of the biggest stimulus plans in U.S. history to President Joe Biden’s desk. The president hopes to sign the bill Friday after Congress formally sends it to.

Investors in the currency market are cautiously trying to gauge the effect of the new $1.9 trillion bailout package approved by U.S. lawmakers yesterday. Earlier in December, a $0.9 trillion economic support package was approved, after $2.2 trillion in March.

Central bank policy in large part is based on signaling, or verbal interventions. The famous “whatever it takes” comment from former European Central Bank President Mario Draghi is the perfect example. But words alone can also fail to provide a.

Mainland Chinese stocks have tumbled in the last few days as authorities set a relatively low GDP target and signaled a shift away from policies meant to keep the economy afloat in the wake of the coronavirus pandemic. The Shanghai.

Tesla’s Model Y is getting off to a solid start in China, less than three months since deliveries began. The mid-size SUV was the third best-selling electric car in February at 4,630 vehicles, according to data released Wednesday by the.

US Consumer prices rose by 0.4% over February, and by 1.7% y/y, after 1.4% in January. The data was in line with expectations but barely relieves the main fear of the markets of price rises acceleration. Food and energy prices.

Congress may soon try to clarify digital asset regulation in the U.S. Reps. Patrick McHenry (R-N.C.) and Stephen Lynch (D-Mass.) introduced legislation Tuesday to create a working group composed of industry experts and representatives from the U.S. Securities and Exchange.

Ethereum co-founder, Vitalik Buterin, believes the network is on the verge of scaling by a factor of 100, predicting the Optimism will release its layer-two solution in the coming weeks. Speaking on the Tim Ferriss podcast, Buterin noted Eth2’s developer.

Russia’s Sputnik V vaccine against COVID-19 could be produced in western Europe for the first time after a deal to make it in Italy was signed by the RDIF sovereign wealth fund and Swiss-based pharmaceutical company Adienne. The agreement, which.

World share markets inched higher on Wednesday after a stunning reboot in U.S. tech stocks, while the dollar and benchmark government yields both ticked up ahead of a key U.S. Treasury auction and inflation reading later. But gains were subdued.