Market Overview - Page 355

Sweden’s highly contested response to Covid-19 left much of the economy open. Even so, the country is now headed for its worst recession since World War II. Scandinavia’s biggest economy will shrink 7% this year, Finance Minister Magdalena Andersson said.

The U.S. stock market struggled for momentum Tuesday after failing to build off a strong start to the week, as geopolitical tensions and a giant “bait-and-switch” from Moderna kept investors on edge. For the S&P 500 Index, the sudden pullback.

Businesses will face weak demand as long as consumers and workers are worried about public health, and the unemployment rate is likely to stay in the double digits at the end of the year, Boston Federal Reserve Bank President Eric.

Oil prices pulled back slightly on Tuesday as a U.S. Senate committee grilled Federal Reserve Chair Jerome Powell and Treasury Secretary Steven Mnuchin about aid packages intended to bolster the economy. Prices had risen early on signs producers are cutting.

A recent study by researchers at the National Institutes of Health has found that particles of the coronavirus released by talking can remain in the air for 8 to 14 minutes, a warning sign that airborne transmission may be even.

The Dow Jones Industrial Average dipped on Tuesday after the market scored its best session in six weeks a day earlier on rising optimism about a coronavirus vaccine. The 30-stock Dow traded 80 points lower, or 0.3%. The S&P 500.

The single currency rose today to 1.0975 dollars, supported by several positive impulses. The NBS has persistently defended the 1.05 EURCHF mark. Conversely, the markets are so sure of this that they jump from this mark. Germany and France offered.

The Euro rose to two-week highs against the Dollar. Surpassing 1.0930, the common currency is close to restoring its losses from the beginning of the month to the Dollar. In this case, more than 1.2% growth in a day is.

The number of people claiming unemployment benefits in the U.K. soared in April, as the coronavirus outbreak created mass job losses in the country, the latest data showed. U.K. jobless claims rose by 856,500 to 2.097 million, the Office for.

European car sales fell dramatically in April as coronavirus lockdowns in the region closed car dealerships and brought a halt to manufacturing and sales, the latest industry data showed Tuesday. New car registrations in the EU fell 76.3% in April,.

The leaders of Germany and France proposed Monday a 500 billion-euro ($543 billion) recovery fund for European economies hit by pandemic. In a joint statement, German Chancellor Angela Merkel and French President Emmanuel Macron said the proposed fund would see.

Stocks rallied on Monday, rebounding from losses last week, as news from a Moderna trial stoked optimism about a potential coronavirus vaccine. The Dow Jones Industrial Average traded 800 points higher, or 3.4%. The S&P 500 gained 3% while the.