EU announces $825B stimulus plan to aid coronavirus-driven recession
European stocks ticked up on Wednesday after the European Union announced a larger-than-expected stimulus bill. Yahoo Finance’s Edmund Heaphy discusses.
EasyJet, Carnival could fallout of FTSE 100, even after another big day of gains
Travel shares were again having a strong day in London, but two big names in that sector, easyJet PLC and Carnival PLC, were set to get the boot from the FT100 index at the close of Wednesday trading due to what one analyst called the biggest reshuffle...
Dow Futures Gain As Markets Look Past US-China Tensions; S&P 500 Tests 3,000 Point Level Amid Easing COVID-19 Lockdowns
The S&P; 500 is looking to hold its first close past the 3,000 point mark since March 5 as global stocks continue to rally on hopes of an end to the coronavirus pandemic.
European Shares Higher as New Stimulus Package Optimism Outweighs US-China Tensions
Euro Zone stocks were supported as the European Commission (EC) prepares to unveil a plan to help the EU economy recover.
British Land suffers £1bn hit from retail tumult
Upheaval in the retail sector, accelerated by coronavirus, has wiped more than £1bn off the value of British Land’s portfolio. The FTSE 100 property company owns about £11bn worth of property, including key sites in Broadgate, east London, and Padding...
European stocks climb as investors eye bigger-than-expected EU stimulus plan
European stocks climbed on Wednesday, amid reports the European Union will announce a bigger-than-expected €750 billion stimulus program for the region’s recovery efforts, and as investors continued to ride optimism over global recoveries.
A glass half-full view built on stimulus efforts succeeding
Yes, a weakening renminbi is worrying, particularly when the US dollar is broadly lower, but fiscal and monetary stimulus is a nice comfort blanket. Japan is rolling out a ¥117tn ($1.1tn) package of easing, equal to 6 per cent of gross domestic produc...
Stocks – Europe Pushes Higher, Expecting More Stimulus
Elsewhere, gold futures fell 0.5% to $1,697.10/oz, while EUR/USD traded at 1.0959, down 0.2%.
EU spending plans fuel further gains in global stocks
Global equities have gained further momentum as governments prepare to intensify their spending to prop up economies after the Covid-19 blow. Major European markets including those in London, Paris and Frankfurt roared around 1.5 per cent higher on We...