IBEX 35 Forecast: Coronavirus, IMF Outlook Paint Bleak Picture for Spain 2021-01-28 04:30:00 Brendan Fagan,
IBEX 35, Covid, IMF Outlook:
Spain continues to struggle with virus containment as cases and deaths surge
European equities sell off as fears over rising cases, low vaccination rates shift sentiment
Cases, economic forecasts remain bleak, represent significant headwinds for Spanish economy
The IBEX 35, Spain’s benchmark stock index, continued its recent slump on Tuesday as indices across continental Europe declined. The risk-off sentiment prevailed as fears grew regarding new strains of the coronavirus and issues with vaccination availability. The IBEX 35 declined by 1.41%, echoing the risk-off tone that was felt across Europe. So far in 2021, the index is down 2.74%. The DAX 30, FTSE 100, and CAC 40 declined over 1% on the same day.
Consumer Confidence Dips, Reflects Growing Concerns Regarding Coronavirus
2021-01-15 15:00:00
Brendan Fagan,
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Reading reflects ongoing worry regarding rising cases, deaths in the United States
Retail sales for December also declined, indicating widespread fears over short term prospects
US Consumer Confidence came in at 79.2 in the January preliminary reading, against an expectation of 80. The decline in confidence reflects a growing concern over the rising COVID cases in the United States, and the potential for lockdowns in the near future should the virus begin to spread out of control.
DailyFX Economic Calendar
The move in consumer sentiment follows a disappointing read on retail sales for the month of December, as retail sales fell 0.7%. Job numbers also disappointed, as unemployment claims totaled 965,000 for the week. Continued poor economic data has paved the way for the incoming Biden Administration to unveil a sweeping stimulus plan totaling $1.9 trilli
Financial Stocks Rise as Fed Clears Path for Banks to Resume Buybacks 2020-12-18 22:30:00 Brendan Fagan, Izaac Brook,
Fed Bank Stress Test Results, Financial Stocks, Covid – Talking Points
Second Round of Bank Stress Tests Featured Worsening Coronavirus Economic Shock
US Banks Remained Strong Despite strenuous Tests
Fed to allow restricted buybacks and dividends in Q1 2021 Advertisement
2020 Bank Stress Tests Round Two: Banking System Remains Strong under Covid pandemic
The Federal Reserve released results from the second round of stress tests this afternoon. Banks were deemed to have strong capital levels and remained a source of strength for the overall economy. Financial and bank stocks reacted to the upside following the Fed’s assessment of the banking sector crossing the wires. The Financial Select Sector SPDR Fund ETF rose nearly 4% in after-hours trading.