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European stocks hit record highs Thursday, April 8, thanks to optimism about a stimulus-driven global economic recovery after the US Federal Reserve pledged to keep monetary policy soft. The European Stoxx600 index rose 0.5%, to consolidate the gains it made this week when it wiped out all the losses driven …
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April, 2021
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8 April 2021 11:40 am
Germany Records 20,407 New Cases of Coronavirus
Data from the Robert Koch Institute for Infectious Diseases on Thursday showed that the number of confirmed cases of Coronavirus in Germany has risen to two million and 930,852 cases after 20,407 new infections were recorded. The data also showed an increase in the number of deaths to 77,707, after …
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8 April 2021 11:36 am
XAU/USD Near Two-Week Peaks
Gold rose and reached peaks during the early European session today, with the bulls making a fresh attempt to break a strong barrier near $1.745-46. After falling yesterday, the yellow metal managed to regain some positive momentum on Thursday and the US dollar tried to take advantage of the modest …
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8 April 2021 11:30 am
Japan Shares Drop Due to Coronavirus Fears
Japanese shares fell on Thursday, April 8, as they came under pressure from a rise in domestic infections with the Coronavirus and the possible return of restrictions on economic activity. The Nikkei index fell 0.07% to 29,708.98 points, while the broader Topix index fell 0.79% to 1,951.86 points. The Tokyo …
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8 April 2021 10:50 am
The Group of Twenty strengthens IMF reserves and extends the freeze on debt service payments
According to a statement from the Group of Twenty, global financial leaders agreed on Wednesday (April 7) to increase the International Monetary Fund’s reserves of $ 650 billion and extend a freeze on debt service payments aimed at helping developing countries confront the Coronavirus pandemic. The group’s finance ministers and …
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8 April 2021 4:11 am
USD and Wall Street Rise Following Fed’s Meeting Minutes
The U.S. Dollar (USD) rebounded on Wednesday, following the release of the latest Federal Reserve meeting minutes, as Treasury bond yields rose. This led the greenback to recover from its lowest level in about two weeks and achieve daily gains. The Dollar Index (DXY), which measures the greenback’s performance against …
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8 April 2021 12:45 am
Yellen: New Tax Code Could be Fairer for All Americans
The United States Treasury Secretary Janet Yellen said on Wednesday that the proposals of President Joe Biden to raise corporate tax rates would be fair for the country and would push more companies to invest in the American economy, by abolishing incentives shifting investments and profit abroad. The new tax …
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8 April 2021 12:30 am
Biden Says his Plans is Needed to Compete with China
U.S. President Joe Biden opened the door on Wednesday for negotiations about the tax increases necessary to finance his proposed $2.25 plan for developing infrastructure. However, Biden once again pointed to the competition between the United States and China on the global stage, urging support for what he says are …
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8 April 2021 12:07 am
Minutes Show Fed Maintains Policy with Possible Changes Sooner than Expected
The United States Federal Reserve Board remains committed to supporting the economy until it completes the recovery but it is still concerned about the risks resulting from the coronavirus pandemic, according to the minutes of its most recent meeting. Members of the Federal Open Market Committee (FOMC) agreed that the …
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7 April 2021 11:03 pm
Oil Finishes on Mixed Note
Oil prices showed a mixed performance on Wednesday, as the global benchmark crude futures rose amid positive expectations for economic recovery around the world, while the U.S. oil futures declined following a surge in fuel stockpiles. Brent crude futures for May delivery rose by 42 cents, or 0.67%, to $63.16 …
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7 April 2021 10:26 pm
European Stocks Finish Lower but FTSE100 Surges
European stocks closed marginally lower on Wednesday, a day after logging a new record high, as healthcare stocks led the declining sectors. The pan-European STOXX 600 index finished lower by 0.14%, with the healthcare sector declining by 0.9%, while the insurance sector rose by 0.6%. The German benchmark index (DAX) …
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7 April 2021 9:45 pm
Fed’s Evans Welcomes 3% Inflation Rate
President of the Federal Reserve Bank of Chicago, Charles Evans, on Wednesday expressed a positive sentiment towards a stronger economic growth in 2021. “I am optimistic that the economy is poised for strong growth later this year.” Evans said the U.S. Federal Reserve must witness sustainable progress in achieving its …
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7 April 2021 9:00 pm
U.S. Mortgage Applications Decline for Second Week
Applications for new loans to purchase houses in the United States declined by 4.6% last week, data by the Mortgage Bankers Association (MBA) showed on Wednesday. This is the second consecutive weekly decline for U.S. mortgage applications. The fixed-rate for the 30-year mortgage rose to its highest level in about …
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