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European shares showed recovery on Friday because of a rally in media stocks and bigger earnings at some U.S. firms helped investors cope with the disappointment of the ECB’s collapse to deliver fast policy easing. The last day its worst session in 3 weeks, the pan-European stock benchmark Indice rose by 0,4%. Strong U.S. revenues from Alphabet (Google), Starbucks and Intel helped offset concerns from weaker Amazon figures. American stock futures increased by 0,3% which means that it was a turnaround after Wall Street stocks declined from its new highs on Thursday.
The Bank of England will announce next week how quickly it expects the economy to recover from the coronavirus pandemic, but it is unlikely to add to the 100 billion pounds of the fiscal package it released in June. Britain’s economy ...
European shares traded lower earlier on Thursday after underwhelming earnings reports dampened a U.S. Fed vow to continue rolling out stimulus plans in a bid to soften the economic blow of the COVID-19 pandemic. The pan-European STOXX lost ...
On Wednesday, European stocks rose slightly after mixed earnings reports. However, the new wave of the coronavirus outbreak kept investors cautious while they also wait for the U.S. Federal Reserve’s announcement. The Stoxx Europe 600 ...
Oil prices climbed on Wednesday after U.S. crude inventories fell against analysts’ expectations, prompting a boost in the market amid the coronavirus resurgence. Brent crude futures gained 0.3%, or 14 cents, at $43.36 per barrel. U.S. ...
European stocks traded slightly higher on Tuesday ahead of a U.S. decision to roll out additional stimulus plans despite the underwhelming quarterly earnings reports from the luxury goods market. The pan-European STOXX index inched higher ...
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