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European stocks start trading at high prices from flat

European stocks are set to open at high prices on Friday, taking the lead from a strong Wall Street session overnight.

However, the upside may be limited, with signs that the global recovery may be losing momentum.

With the de facto meeting of G20 leaders this week, the International Monetary Fund warns that the future economic path remains difficult and tends to recede.

Meanwhile, the U.S. Treasury has called on the Federal Reserve Board to return unused funds allocated under CARES law to Congress, urging criticism from central banks and market markets for broader economic growth. I’m raising anxiety.

The Federal Reserve Board responded to the decision with a rare official statement, providing a complete suite of emergency facilities Coronavirus Pandemics continue to play an important role as a backstop for tense and vulnerable people Economy..

Those familiar with this decision say either Mnuchin or the new Treasury Secretary of the Biden administration may decide to renew the emergency lending program.

As the United States sees the fastest spread of the coronavirus to date, U.S. President-elect Joe Biden says his team’s ability to get up-to-date information on pandemics, the lack of Trump administration cooperation on the presidential transition Said to prevent.

Asian market The dollar has stopped declining, although oil prices have changed little, as they are mixed with prudent trading.

UK public sector financial and retail sales data, scheduled for the second half of the session, marks a bright day for European economic news.

Overnight, US stocks ended in a positive territory as the news that Congress would resume negotiations on a new Covid-19 bailout bill outweighed concerns about rising virus cases and mixed economy measurements.

The Dow Jones Industrial Average rose 0.2% and the S & P 500 rose 0.4%, while the tech-heavy Nasdaq Composite index rose 0.9%, reflecting expectations that the new Covid-19 lockdown would benefit. Did. Technology Company.

The European market fell on Thursday due to concerns about the increasing number of coronavirus cases and the economic consequences of the closure of the region.

The Pan-European STOXX 600 gave up 0.8%. Germany’s DAX fell 0.9%, France’s CAC 40 index fell 0.7%, and the UK’s FTSE 100 fell 0.8%.

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European stocks start trading at high prices from flat

Source link European stocks start trading at high prices from flat

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