Global markets are fixated on the timing of tapering of QE by central banks, particularly the Fed,” said analysts at ANZ in a note. “That’s unsurprising, given the support that the extra liquidity has provided to equities and assets more generally,” they added. “The latest guidance from senior FOMC...
European stock markets are expected to open higher Monday, helped by a degree of stability in Asia overnight and strong results from banking giant HSBC. At 2 AM ET (0600 GMT), the DAX Futurescontract in Germany traded 0.4% higher, CAC 40 Futuresin France climbed 0.5% and the FTSE 100...
The euro bounced off a more-than 3-1/2 month low against the U.S. dollar on Thursday after dovish comments by the Fed chief broke a recent spike in Treasury yields. In testimony to the U.S. Congress, Fed Chair Jerome Powell said the U.S. economy was “still a ways off” from...
Global shares retreated from recent highs on Wednesday, as Asian markets grew jittery about a resurgence of COVID-19 cases and Western markets awaited Friday’s U.S. jobs report and what it might mean for monetary policy. Asset markets have been buoyed over the past year by trillions of dollars in...
The MSCI world equity index gained 0.55%. In Europe, the stoxx 600 gained 0.87%, ending near an all-time high set earlier this month after news that German business morale hit its highest in 2-1/2 years. Britain’s FTSE 100 share index rose 0.51% after the Bank of England kept the...
Germany stocks were lower after the close on Wednesday, as losses in the Retail, Chemicals and Insurance sectors led shares lower. At the close in Frankfurt, the DAX lost 1.15%, while the MDAX index lost 0.98%, and the TecDAX index declined 0.97%. The best performers of the session on...