The S&P 500 erased previous daily gains and dropped 0.12%, settling at 4,544.36, shortly after Fed’s Chair Jerome Powell had admitted that the central bank keeps monitoring price pressures carefully and would act as required. Indices record losses between 0.23% and 0.98%, except for the Dow Jones Industrial, up 0.18%. …
Read More »WTI bounces up to highs near $84.00
WTI futures have bounced up to $82.50. the U. S. crude oil regained previous losses to return to levels near multi year highs at $83.95.Crude prices remain within previous ranges, consolidating after a nine week surge, however, oil prices retreated earlier today as the German Chancellor, Angela Merkel, and Federal …
Read More »Merkel Says goodbye to diminished Eurozone
Investors are skeptical about how much change a new German government will bring about in the European economy that is struggling to recover. Investors and observers raise several questions about how the next German chancellor will deal with integration among the 19 euro economies.As Germany prepares for a new post …
Read More »German business leaders react to Eurozone beyond Merkelism
People in Germany awoke Monday to the news of a narrow victory pulled by the Social Democratic party over the incumbent conservative bloc of CDU/CSU.Reactions from the world of finance and economy poured in, despite the fact that the final makeup of Germany’s next coalition government is still some months away.Several …
Read More »The Times: Merkel Wants to Classify Britain as a “Country of Concern” Because of The “Delta” Variant
Germany will try to ban British travelers from entering the European Union, regardless of whether they have received a COVID-19 vaccine or not, the Times newspaper said. The newspaper added that German Chancellor Angela Merkel wants to classify Britain as a “country of concern” due to the large spread of …
Read More »Germany’s Merkel: Current COVID-19 Infection Rate is Much Too High
German Chancellor Angela Merkel said on Monday that the current coronavirus infection rate is “much too high” and added that the third wave may be the toughest yet. “Vaccine production capacity must be increased significantly, both in Europe and in Germany,” Merkel noted.
Read More »Germany’s Merkel: Economic Consequences of Pandemic to Stay With Us For Years
The economic consequences of the coronavirus pandemic will be felt for years to come, German Chancellor Angela Merkel said on Monday, as reported by Reuters. “I hope we can find a solution to ensure the passing of the recovery fund and the EU budget,” Merkel added
Read More »Germany’s Merkel: Coronavirus Cases Are Not Falling as Fast as we Expected
Germany’s Chancellor Angela Merkel said on Tuesday, “coronavirus cases are not falling as fast as we expected,” adding that the “economy will recover if we keep virus numbers low.” She said: “Virus numbers are too high, contacts must be reduced.”
Read More »Germany’s Merkel Warns of Summit Failure on EU Recovery Fund
German Chancellor Angela Merkel warned that EU leaders may not be able to reach an agreement on a stimulus plan to combat Covid-19 on Sunday as negotiations between leaders continue for a third day and tensions over the demands of rich countries escalate. “There is a lot of goodwill, but …
Read More »Germany’s Merkel Asks EU to Prepare For a no-deal Brexit
Addressing the German parliament on Friday, Germany’s Chancellor Angela Merkel said that they are preparing on every level for a no-deal Brexit. In previous remarks on Monday, Merkel warned that the European Union (EU) needs to be prepared for a situation in which a Brexit deal is not reached. The …
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