Market Overview - Page 357

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.

Last week the American market closed with a decline and failed to fully offset the drop of the beginning of the week. Futures on S&P500 added 0.9% at the beginning of the week. This happens against the background of data.

The apparent dichotomy between bad news on the economy and resilience in the stock market isn’t such a mystery for the strategists at Evercore ISI, who remain unswayed by dark warnings from Wall Street heavyweights. The key counterpoint has been.

European stock markets rose on Monday and oil prices climbed to their highest in as much as two months as a loosening of coronavirus shutdowns boosted market sentiment, even though the deadly outbreak has yet to be fully contained. Warm.

Unemployment checks are flowing, $490 billion has been shipped to small businesses, and the U.S. Federal Reserve has put about $2.5 trillion and counting behind domestic and global markets. Fears of overwhelmed hospitals and millions of U.S. deaths from the.

The U.S. economy could shrink by upwards of 30% in the second quarter but will avoid a Depression-like economic plunge over the longer term, Federal Reserve Chairman Jerome Powell told “60 Minutes” in an interview aired Sunday. The central bank.

Anti-lockdown protests were seen across Germany at the weekend as fatigue over restrictions grows in the region’s largest economy, and beyond. A number of protests against the government’s coronavirus policy and restrictive measures took place in various Germany cities, including.

Futures contracts tied to the major U.S. stock indexes rose in early Monday morning trade as investors pored over comments from Fed Chairman Jerome Powell on the state of the economy, in light of last week’s market losses. Dow Jones.