China’s economic engine, which has long been the world’s growth driver, is losing steam. Recent data highlights a deepening slowdown with far-reaching global consequences. The Chinese economy is under increasing strain, with its weakest growth in five quarters. Efforts to bolster consumer spending have yielded disappointing results, and China’s GDP …
Read More »US, China set to start a new round of trade talks to ease tensions
This week, senior American trade officials will meet with China’s Minister of Commerce Wang Wentao in the US. The meetings will be another attempt by the two largest economies in the world to warm chilly bilateral relations. Beijing said on Thursday that Wang Wentao plans to use his trip to …
Read More »Tourism And Banking Stocks Lift The European Index to a New Peak
European shares extended their rally on Tuesday, led by travel, banking, and commodity-related shares amid fresh indications that the mutated Omicron strain of coronavirus may be less severe than previously thought. The pan-European Stoxx 600 index rose 0.6 percent to 493.1 points, setting a new record, after the US Standard …
Read More »European Shares Settle on The Last Trading Day of The Year
European shares were little changed on Friday, amid rising COVID-19 infections worldwide and concerns about the pace of the global economy’s recovery from the pandemic. By 0815 GMT, the pan-European Stoxx 600 index fell 0.02 percent, and travel stocks led the losses. The index, which rose 0.2 percent in the …
Read More »European Shares Rise as Fears of Omicron Recede
European shares rose on Thursday on hopes that new restrictions may not be required to combat the Covid-19 pandemic in 2022 and expectations that the mutant omicron will be less affected, but gains remained limited due to an increase in infections with the disease. By 0815 GMT, the pan-European Stoxx …
Read More »Bank And Retail Shares Support European Stock Exchanges in Thin Trading
European shares extended their rally for the third day in a row on Wednesday, boosted by bank and retailer shares despite concerns raised by rising COVID-19 cases about the economic outlook for the new year. The pan-European STOXX 600 index rose 0.2 percent by 0815 GMT, with shares of retailers, …
Read More »European Shares Rise, Driven by Wall Street Gains
European shares rose to a five-week high on Tuesday, boosted by record gains on Wall Street, despite persistent omicron concerns as France tightened control restrictions while infections surged in Spain and Britain. The pan-European Stoxx 600 index rose 0.6 percent after rising 0.6 percent in the previous session, its highest …
Read More »European Stocks Trade Higher In Final Week Of 2021
European stocks kicked off the last trading week of 2021 with gains on Monday, as traders got one last chance to push the main index toward a record closing high before year-end. Pharmaceutical stocks were among the biggest gainers.The Stoxx Europe 600 index XX:SXXP rose nearly 0.5% to 484.82, with …
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