European Stocks Set to Climb for Fourth Straight Day on Economic Data
European stocks have generated gains in the last three consecutive trading sessions as stronger than expected economic data has been optimizing investor’s sentiments. The stock futures are in green for the fourth straight day on Wednesday despite the scheduled FOMC meeting.
Zoom Stock Bounced Back, Analysts Say More Gains are Ahead
Zoom stock price regained momentum after plunging sharply at the beginning of the year due to the broader market tech selloff. After hitting $350, the shares of the video calling company bounced back above $400.
Vaccine Hopes Drive Equities Higher But For How Long ? – US Trading Session Update
Essential Insights Asian equities started the week higher amid vaccine hopes along side its US equity counterparts The WHO reported a record single day increase in global covid-19 cases at 308,000 cases An important day in UK parliament as the Internal Market Bill is debated Japan’s Shinzo Abe replacement has been announced with Yoshihide Suga […]
US Dollar Index Steady Ahead of Central Bank Policy Meeting
US dollar looks steady above the 93 mark against the basket of major currencies as improving economic data helped the greenback to reverse some losses last week. The U.S. central bank’s two-day policy meeting is scheduled for September 15-16.
European Stocks Extends Gains into New Week; Here’s What to Expect
European stocks are in green after posting their largest weekly gains since early last month as STOXX Europe 600 Index jumped 1.67% last week. Easing social distancing policies along with robust economic data has been adding to investor’s sentiments.
Oracle Stock Could Fly Higher on TikTok Deal
Oracle stock price is likely to get a new bullish price target from market analysts as the software company is all set to acquire TikTok US operations. Reports show that TikTok has rejected Microsoft offer, announced to partner with Oracle for US operations.
Key Events To Watch Out For This Week
Monday GBP ♦ UK Parliamentary Vote on Brexit – TBC UK parliament are set to debate the Internal Market bill, a move that if proceeded with, would breach the divorce Brexit agreement signed last year. This bill would allow companies to trade ‘unhindered’ across the UK , clearly breaking the legal divorce agreement which entailed […]
Pound Plunges on Brexit Woes – US Trading Session
GBP/USD rises above 2% on the day amid Brexit tensions , despite a 0.6% increase in UK GDP
Failure in stimulus talks has seen US and Asian stocks under pressure
Euro in the spotlight amid concerning high valuation noted during the ECB press conference
European Stocks Plunge Despite ECB’s Higher Economic Forecasts
European stocks are in doldrums as the stocks are swing between gains and losses. The shares are struggling to sustain the upside momentum as the markets are significantly responsive to economic reports.
Disney Stock Could Hit $160 Level, Analyst Says
Disney stock price gained some momentum in the past couple of months but the shares of the entertainment company are still well below from an all-time high of $153. Disney stock price had hit $70 level in April as the coronavirus pandemic has forced the company to close its parks, resorts, and hotels.
Euro Regains Momentum Against US Dollar Amid EU Economic Recovery
Euro soared back to 1.18 level as Bloomberg reported that European Central Bank is more confident in economic recovery. This is because European economic forecasts are steady since June. Euro plunged sharply earl this week amid concerns over the potential ECB’s interference to half the common currency rally.
European Stocks are Higher Amid Wall Street Rebound
European stocks bounced back after generating back to back losses in the past couple of sessions due to the tech sector selloff. The rally is initially prompted by oil and drug companies while the US tech sector rebound accelerated the gains in the afternoon session.