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Finance

Finance

European stocks have long, winding road to recovery

LONDON (Finance) – The recovery from the coronavirus financial crash will take time for European stocks which are expected to end 2021 around 10% below this February’s record high, a Reuters poll of about 30 fund managers, strategists and brokers showed. Taken over the past two weeks the survey showed the pan-European STOXX 600 would […]
Finance

Sterling down due to lingering concern over negative rates

LONDON (Finance) – Sterling retreated below $1.23 on Wednesday as the dollar regained strength and investors’ focus shifted back to the possibility of negative interest rates in Britain. Bank of England Chief Economist Andy Haldane on Tuesday played down the prospect of imminently taking rates into negative territory, saying that “reviewing and doing are
Finance

Economic prospects globally darken, rebound delayed

BENGALURU (Finance) – Economic prospects for the developed world this year have darkened again in the past month as the coronavirus pandemic has rolled from Asia to the Americas, with a V-shaped sharp recovery expected by less than one-fifth of economists polled by Reuters. With many countries starting to ease lockdown restrictions imposed to stop […]
Finance

Global shares approach a 10-week high, S&P 500 eyeing 3000

LONDON/SYDNEY (Finance) – World shares forged ahead on Tuesday and commodity markets drove higher as well, as investors disregarded Sino-U.S. tensions to focus on more stimulus in China and a re-opening world economy. Britain’s FTSE and Japan’s Nikkei led their regions with 2.2% gains, while U.S. S&P 500 futures cleared the 3,000 level for the […]