Market Overview - Page 333

European leaders are back in Brussels for the first time in about five months as they look to finalize a deal over a 750 billion euro ($855 billion) recovery fund. The 27 European Union governments have been at loggerheads for.

Relations between China and the US continue to heat up, putting pressure on financial markets. The main blow was to the Chinese exchanges, which have been losing more than 5% this week, correcting the rally that took place earlier in.

The European Central Bank opted Thursday to keep its interest rates and emergency coronavirus stimulus program unchanged, while it monitors the economic strength of the euro zone. It said it would continue with its massive stimulus program announced in March.

Hackers linked to Russian intelligence services are trying to steal information about coronavirus vaccine research in the U.S., Canada and the U.K., security officials said Thursday. Officials said a group known as APT29 — also known as “Cozy Bear” —.

The US retail sales report eased some concerns about consumer activity. A 7.5% increase in sales in June after a jump of 18.2% (revised from 17.7%) brought the figure to a positive to the same month previous year. A healthy.

U.S. equity futures fell along with stocks on Thursday as investors parsed mixed economic data from China and waited for guidance from the European Central Bank over its stimulus program. Treasuries edged higher. Nasdaq 100 futures led declines among the.

A number of high-profile Twitter accounts were simultaneously hacked on Wednesday by attackers who used the accounts — some with millions of followers — to spread a cryptocurrency scam. Apple, Elon Musk and Joe Biden were among the accounts compromised.

President Xi Jinping pledged to provide a better business environment for foreign firms as the U.S. pushes to rewire supply chains in Asia and Chinese companies come under increased scrutiny abroad. “We will continue efforts to deepen reform and opening,.

China reported that the country’s GDP grew by 3.2% in the second quarter of this year, compared to a year ago — beating analysts’ expectations and rebounding from the first quarter’s contraction. It comes as lockdowns to contain the coronavirus.

Hang Seng lost 2.2% this morning, while the FTSE China A50 sank 3.3%. China’s economy showed higher growth than expected in the second quarter, but it failed to bring optimism to the markets. Pessimism around China is pushing down the.

The S&P 500 index on Wednesday was on track to beat the technology-heavy Nasdaq Composite for a fourth straight session, a feat scored only twice since Wall Street launched its massive recovery last March. The recent outperformance of the most-followed.

OPEC is facing “the worst of both worlds” with the current oil market demand outlook, S&P Global Platts’ head of EMEA news said Wednesday ahead of the group’s Joint Ministerial Monitoring Committee (JMMC), where it will announce recommendations for production.