Market Overview - Page 334

Consumer prices in the UK turned to growth in June and were stronger than expected. The ONS on Wednesday morning reported CPI growth of 0.6% YoY against 0.5% a month earlier and outlined a likely reversal in the inflationary trend..

Stocks and U.S. equity futures rose, while the dollar weakened to a one-month low as progress in developing a coronavirus vaccine crossed a key milestone. European stocks staged a broad advance, with travel shares leading gains. Atlantia SpA surged 20%.

PayPal has confirmed that it is developing capabilities in the cryptocurrency space, according to a letter to the European Commission. Originally submitted on March 20, the document was intended as a response to the European Commission’s public consultation on building.

One small firm in three around the world was obliged to cut jobs to stay open through the coronavirus pandemic in May, a survey showed on Wednesday, underlining how hard the outbreak has slammed the world economy. Some 26% of.

Tesla has formed a habit of cutting prices of its cars nearly every other month. In the last four months, the electric carmaker has reduced the prices of both the Model 3 and the Model Y at least four times..

Stock futures climbed higher in overnight trading on Tuesday after Moderna said its coronavirus vaccine produced antibodies in all patients in an early trial, raising hope for a faster economic recovery. Futures on the Dow Jones Industrial Average jumped 265.

The Israeli government made “very serious mistakes” after initially containing the coronavirus outbreak, and “tremendous damage” is being done to the economy, a political analyst told CNBC as cases in the country continue to climb rapidly. Just weeks after restrictions.

Investors’ interest in risk assets has returned to the financial markets. This occurred after the news about the positive results of coronavirus vaccine tests by Moderna. The S&P500 added 1.3% on Tuesday, while futures on this index add another 0.8%.

Interest in bitcoin and other cryptocurrencies, including ethereum, is booming—fueled by unprecedented central bank stimulus measures and rocketing demand for alternative finance. The bitcoin price, up around 30% so far this year, is being left in the dust by huge.

The U.K. announced Tuesday it will ban Huawei from its 5G networks, in a significant U-turn by the government that could significantly dent relations with China while appeasing the U.S.Speaking in Parliament, U.K. Culture Secretary Oliver Dowden said mobile network.

US consumer prices in June rose more than expected, to 0.6% y / y in June, adding the same per month. The main driver was fuel prices (+ 12.3% m / m), which is not surprising in light of the.

German ZEW economic sentiment index declined from 63.4 to 59.3 and came out worse than expected (60.1). Assessment of the current situation improves dramatically slowly, moving the respective index from -83.1 to -80.9 instead of the forecasted -65. But this.