Page 10 - Madison Faller News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Europe Stocks Rally Peters Out After Region s Worst Day of Year
swissinfo.ch - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from swissinfo.ch Daily Mail and Mail on Sunday newspapers.
European Stocks Edge Higher After Region s Worst Day of the Year
swissinfo.ch - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from swissinfo.ch Daily Mail and Mail on Sunday newspapers.
European Stocks Erase Loss as Short Covering Slows, Travel Jumps
This content was published on January 28, 2021 - 17:13
January 28, 2021 - 17:13
(Bloomberg) European equities erased deep losses to close little changed, as airlines rallied and as some of the region’s most heavily shorted stocks halted the gains driven by retail traders.
The Stoxx Europe 600 Index rose 0.1% in London, wiping out an earlier slide of as much as 2.1%. Deutsche Lufthansa AG and British Airways parent IAG SA climbed after American Airlines Group Inc.’s revenue beat forecasts and as U.S. carriers were caught in the lingering rally for some shorted stocks. EasyJet Plc also rose, reversing an earlier drop following disappointing results.
MONEYWEB
app instead?
Stimulus for next spur. 08:14
Image: Patricia Monteiro/Bloomberg
Emerging markets are closing in on the final phase of 2020 with investors anticipating further stimulus while keeping a close eye on the rollout of vaccination programs.
Continued support from central banks and optimism that coronavirus vaccine developments will sustain a global economic recovery next year have fueled a rush to riskier assets, sending gauges of developing-nation stocks, currencies and bonds to six straight weeks of gains.
While at least 10 central banks in developing economies are scheduled to set monetary policy this week, none will be as closely watched as the Federal Reserve. The suspense centers on whether the US central bank will adjust its bond-buying program or alter its guidance for future purchases.