stock markets

European Stock Markets Surge On Vaccine Hopes

August 24, 2020 5:22 pm

European stock markets surged Monday on hopes of a coronavirus vaccine, while the dollar waned on continued deadlock over a new US stimulus deal, dealers said.

Looking ahead to a key meeting of central bankers this week, traders sent London’s benchmark rallying 2.0 percent and major eurozone indices were almost 2.5-percent higher approaching the half-way stage.

American authorities on Sunday announced that doctors could use blood plasma from recovered coronavirus patients as a treatment against the disease that has killed more than 176,000 in the US.

Read Also: Stocks Slide As US Jobless Data Fuel Economy Concerns

The move by …

Stocks Slide As US Jobless Data Fuel Economy Concerns

August 20, 2020 4:00 pm

Stock markets slid Thursday as worse-than-expected US jobless data stoked concern about the outlook for the world’s biggest economy.

The dollar fell against the euro in response to the news that just over 1.1 million people filed new claims for jobless benefits last week, a steeper rise than anticipated.

Stock prices, already in the red earlier in the session, continued lower as a result, pulled down by early losses on Wall Street.

Already on Wednesday, a sobering Federal Reserve assessment of the US economic outlook had soured sentiment on stock markets across the globe.

“The fallout from the Fed minutes …

European Stock Markets Surge On Growing US Stimulus Hopes

August 11, 2020 6:07 pm

Stock markets surged Tuesday on optimism that lawmakers in Washington will hammer out a new stimulus package for the crippled American economy, while concerns about the US-China trade pact eased.

Approaching the half-way stage, London’s benchmark FTSE 100 index was up 2.5 percent.

In the eurozone, Frankfurt and Paris rallied 2.6 percent.

Read Also: Asia Stocks Retreat As Virus Threatens Economic Reopening

European indices took “their cues from a positive Asia session, as investors focus on the prospect of a fiscal stimulus deal from US political leaders…. while setting aside concerns about an escalation in US-China trade tensions”, noted Michael …

European Stocks Turn Sour After Bright Start

May 12, 2020 12:06 pm

European stock markets slid Monday after opening with gains, while the dollar jumped and oil prices retreated as a new week kicked off with more volatility fuelled by coronavirus twists and turns.

“The buoyant mood from last week carried into the open of trading this week with Asian markets closing higher… and Europe starting on the front foot as the disconnect between economic data and financial markets continued,” noted Fawad Razaqzada, analyst at ThinkMarkets trading group.

“But the indices started to give up their gains… in what is a quiet day for economic data.”

Around 1145 GMT, London was down …

Virus Death Toll Tops 3,000 As Airlines Cut Flights

March 2, 2020 5:27 pm

The global death toll from the new coronavirus topped 3,000 on Monday, as airlines cancelled or reduced flights and stock markets swung wildly.

Andorra, the Czech Republic, Indonesia, Jordan, Latvia, Portugal, Tunisia and Saudi Arabia were among countries that confirmed their first cases, along with Senegal, which became the second sub-Saharan African country to do so.

Africa is feared to be particularly vulnerable with its widespread conflicts, poor health infrastructure, porous borders and crowded cities with inadequate sanitation.

More people died in China, Iran and the United States from the virus, which has now infected nearly 90,000 people with cases …