Business

European stocks off to a solid start

European stocks could open high on Wednesday, with global optimism Economy And encourage quarterly earnings from US companies that are likely to support the sentiment.

Asian market Transactions were mixed as COVID-19 continued to rampage across Asia, South Korea and Thailand reported record-breaking infections, and Australia’s two largest states reported a surge in new virus cases.

In Japan, the government’s top COVID-19 adviser said a new case in Tokyo could set a record in early August, before the end of the Olympics.

Elsewhere, White House staff and Speaker of the House Nancy Pelosi staff tested positive for COVID-19 after being fully vaccinated.

Japan’s exports were higher than expected in June, recording fourth consecutive month of growth, reflecting strong demand from the United States and China, giving investors some rest concerned about the impact of the economic recovery.

In the commodity sector, gold prices fell due to the stronger dollar and US Treasury yields recovered. Oil has receded after industry data showed an unexpected buildup of US oil inventories last week.

It’s a quiet day on the economic front, and UK public sector financial data will be released later in the session.

US stocks soared overnight, with optimistic views on the economic recovery and a series of bright earnings reports supporting sentiment after the plunge on Monday.

The Dow and tech-heavy Nasdaq Composites rose about 1.6% each, and the S & P 500 rose 1.5%.

European stocks also had the worst day in seven months on Tuesday, after Coronavirus In some countries.

The Pan-Europe Stoxx600 rose 0.5%. Germany’s DAX rose 0.6%, France’s CAC 40 index rose 0.8%, and the UK’s FTSE 100 rose 0.5%.

Contact for comments and feedback: editorial@rttnews.com

Business news



European stocks off to a solid start

Source link European stocks off to a solid start

Back to top button