European stocks are likely to rise on Thursday as bets on increased US stimulus outweigh concerns in Washington and raise concerns about increased blockades in major economies.
A Democratic Senate sweep in Georgia paved the way for Joe Biden to push his legislative agenda, including another huge stimulus.
The disappointing ADP employment report released overnight also added to the expectation that the Federal Reserve may decide to unleash more stimulus.
The world responded shockingly to the riots and protests in Washington, DC, but President Trump eventually released a recorded video urging people to maintain peace and support police and law enforcement agencies in the Capitol. did.
On the Covid-19 side, China has downplayed concerns that the World Health Organization will refuse to approve a fact-finding team to the country to study the origin of Covid-19. The discussion was ongoing and he said “there was a misunderstanding.” “Between both sides about the agreed date of the visit.
Asian market Despite reports suggesting that the Trump administration is considering adding Alibaba Group Holdings and Tencent Holdings to the blacklist of Chinese companies, it went along with US equity futures.
China Mobile shares fell in Hong Kong with plans by the New York Stock Exchange to delist.
Gold expansion losses and the dollar remained near their lowest levels in almost three years due to the surge in U.S. 10-year bond yields, and oil expanded its third-day rise with data showing a more than expected decline in U.S. crude oil reserves. did.
Economic confidence and flash consumer price data from the euro area, as well as factory order figures from Germany, are scheduled for the second half of the session, marking a bright day for European economic news.
Across the Atlantic, trade can be affected by weekly unemployment claims, reports of US trade deficits and services sector activity.
The Ministry of Labor will release a more closely monitored monthly employment report on Friday, including both public and private sector jobs.
US stocks ended the mix overnight as the long-awaited Georgia Senate final vote showed parliamentary democratic dominance and refocused on Big Tech’s antitrust law.
ADP’s employment report portrayed a dark labor market situation, but minutes from last month’s Fed meeting released later that day supported all FOMC members maintaining their current purchasing mix. I showed that I was there.
The Dow Jones Industrial Average rose 1.4% to a record high. The S & P 500 rose 0.6% and the high-tech Nasdaq Composite index fell 0.6%.
European stocks rose on Wednesday as oil prices soared and Moderna Inc.’s Covid-19 vaccine received European Union approval.
The Pan-European STOXX 600 rose 1.4%. Germany’s DAX rose 1.8% and France’s CAC 40 index rose 1.2%, while the UK’s FTSE 100 surged 3.5%, hitting its 10-month high.
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European stocks with growing profits
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