European stocks closed lower on Thursday after the European Central Bank (ECB) decided to maintain its main interest rates unchanged. The ECB also plans to maintain its Pandemic Emergency Purchase Program (PEPP), as the President of ECB, Christine Lagarde told reporters earlier today. The pan-European Stoxx 600 index declined by …
Read More »European Stocks Lower on Us-China Tension
European stocks fell from their highest levels in a month as the tension between the United States and China weakened hopes of a rapid global economic recovery. Europe’s STOXX 600 was down 0.9% at 0800 GMT and London’s FTSE 100 also fell 0.9%, both partially giving-up yesterday’s gains. Weak earnings …
Read More »Shares Fall in Asia, Ignoring Data
Asian shares and US stock futures fell on Thursday, due to concerns about the trade tension between the United States and China and the economic cost of the Covid-19 waves. MSCI’s broadest index of Asia-Pacific shares outside Japan fell by 1.18%, while Tokyo’s Nikkei fell 0.74%. Shares in China fell …
Read More »Wall Street Closes Higher on COVID-19 Near Vaccine
The New York Stock Exchange (NYSE) closed higher on Wednesday, supported by positive news about the development of a vaccine for the coronavirus disease (COVID-19). In addition, the US Federal Reserve’s Beige Book showed that economic activity increased in almost all districts across the United States. The Dow Jones Industrial …
Read More »Moderna Edges Closer to Developing COVID-19 Vaccine
The stock of Moderna surged by as much as 18% on Wednesday as the company announced positive results for a coronavirus disease (COVID-19) vaccine that it is developing and is currently under clinical trials. In phase one of the clinical trials, there were positive immune responses in all 45 cases …
Read More »Apple No Longer Has to Pay EUR 15 B to EU
The European Union’s (EU) General Court has ruled in favor of Apple Inc. in an appeal against the European Commission’s decision in 2016 to impose a fine of EUR 13 billion ($14.9 billion) due to tax evasion, CNBC reported. The decision was based on the premise that the government of …
Read More »European Stocks Close Wednesday Higher
European stocks closed Wednesday on big gains, supported by positive sentiments after it was reported that new progress has been made on the way to develop a vaccine for the coronavirus disease (COVID-19). The pan-European Stoxx 600 index rose by 1.76% and settled at 373.87. FTSE100 surged by 1.83% and …
Read More »US Stocks Set to Open Higher
US stocks were set to open higher supported by news of the success of Covid-19 vaccine by Moderna in clinical trials. Dow Jones futures fell 253 points or 1.0%, while the Nasdaq 100 futures rose 0.4% and the S&P 500 0.7%. (10:15 GMT). It’s a heavy day for US in …
Read More »European Stocks Higher on Hopes of Vaccine And fund
European stock markets Trading higher on Wednesday as investors are optimistic about Covid-19 vaccine with expectations that the European Union summit will lead to more stimulus.In the European morning, the German DAX rose 0.7%, FTSE 100 in the UK rose 0.9%, while french CAC 40 rose 0.9%. Moderna’s Covid-19 vaccine, …
Read More »Dow Rises for Third Day in Row
The New York Stock Exchange (NYSE) indices surged on Tuesday, with the Nasdaq recording its third consecutive daily rise, while the Dow and S&P 500 recovered their losses on Monday. The Dow Jones Industrial Average added 2.13% or 556.8 points to settle at 26,642.59. Meanwhile, S&P 500 and the Nasdaq …
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