Market Overview - Page 222

European Central Bank President Christine Lagarde hopes that 2021 will still be the year of economic recovery post-pandemic, despite strict lockdowns and concerns over new Covid-19 variants. “Our hope is that still 2021 is the year of recovery but in.

UBS, the world’s largest wealth manager, has reported net income of $1.71 billion for the fourth quarter of 2020, a 137% jump on the year before. Analysts had expected income to come in at $967 million for the three-month period,.

Stocks in Asia declined in Tuesday trade as major indexes on Wall Street saw fresh closing highs overnight. The Hang Seng index in Hong Kong led losses among the region’s major markets, falling more than 2% by the afternoon. Mainland.

Asian indices and US index futures were firmly on the upside Monday morning. The Nasdaq100 rewrote all-time highs before trading opened in the US, while the S&P500 and Dow Jones futures remain some distance from their highs of last week..

Aave (AAVE) price has been on an absolute tear for weeks and today the DeFi-token rallied to a new all-time high at $288.90. The decentralized finance protocol is one of the most popular in the market and the recent rally.

German business morale slumped to a six-month low in January as a second wave of COVID-19 has brought to a halt a recovery in Europe’s largest economy, a survey showed on Monday. The Ifo institute said its business climate index.

Oil prices edged up on Monday as a weaker dollar offset fresh concerns about the hit to global fuel demand from renewed lockdowns to curb the spike in COVID-19 infections. Brent crude futures for March rose 32 cents, or 0.6%,.

Global shares rose to just shy of records highs on Monday, as optimism over a $1.9 trillion U.S. stimulus plan outweighed rising COVID-19 cases and delays in vaccine supplies. European stock markets opened higher, with the pan-European STOXX 600 up.

The Chinese economy brought in more foreign direct investment than any other country last year, knocking the United States from its perch atop the list. China brought in $163 billion in inflows last year, compared to $134 billion attracted by.

President Joe Biden will sign a travel ban Monday on most non-U.S. citizens entering the country who were recently in South Africa, where a new strain of Covid-19 has been identified, a person familiar with the situation told CNBC. Biden.

Shares of the electric vehicle unit of Chinese property giant Evergrande surged as much as 67% on Monday after the company raised significant funding through a new share sale. China Evergrande New Energy Vehicle Group surged to an all-time-high of.

A critical shortage of containers is driving up shipping costs and delays for goods purchased from China. The pandemic and uneven global economic recovery has led to this problem cropping up in Asia, although other parts of the world have.