Last week, stocks tumbled to the lowest level in a week on concerns over an escalation in U.S.-China tensions as well as the unexpected rise in U.S. jobless claims. On the positive side, European Union leaders agreed on a $750 billion stimulus package to help member states milder the economic downturn. Below we summarise questions …
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Last week major global stocks finished higher with light summer trading, courtesy of vaccine optimism and positive economic data. In U.S. retail sales jumped more than 7%, close to its pre-virus level and industrial production increased the most since 1959. In Europe, stocks benefited from renewed investor popularity. Fund managers "bought Europe on fiscal stimulus", …
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Last week major global indices impressively closed higher, against the rise of Covid-19 cases in the U.S sunbelt states and increasing tension between U.S. and China. On Thursday, equities were shaken and bonds boosted amid some risk-off jitters. But, on Friday, equity rallied led by technology and long-term growth stocks, while Treasuries retreated with the …
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Last week, stocks ended June and started the third quarter on a high note. Better than expected economic data and more promising medical development for Covid-19, as well as optimism over fiscal stimulus and an economic recovery largely overcame fears of a second wave of the coronavirus outbreak....
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