European Stocks Finish Higher
European stocks ended on a positive note today, with the Stoxx Europe 600 index rising 0.62% to 460.76. The FTSE 100 index increased 0.64% to 7,453.69, the French CAC 40…
Germany’s Factory Orders Fall by a Worse Than Feared 7.7% in August
(Destatis) Germany’s factory orders were down by 7.7% in August, more than the forecasted decline of 2.1%. The decline reflected persistent delivery bottlenecks. The factory orders were still higher than…
DAX Index Projected to Include Growth Companies in Expansion to 40 Stocks
(Bloomberg) Germany’s benchmark stock index DAX is expected to target high-value and fast-growing companies in its move to expand from 30 to 40 stocks. JPMorgan strategists expect online retailers such…
EU Projects Economic Activity to Return to Pre-Pandemic Level in Q1 2022
(ECB) EU’s July 21-22 meeting has revealed that the central bank projects the economic activity to return to the pre-crisis level in the first quarter of 2022. ECB cites improving…
EU Lags Euro Area in GDP Increases at 1.9% and 2.0%, Respectively
(Eurostat) GDP in the EU rose by 1.9% in the second quarter, compared to 2.0% in the euro area from the first quarter. GDP has now risen by 13.2% in…
Chaotic Year Prompts Investors to Rethink Role of Bonds, Tech, and ESG
Investors doubt whether developed-market government bonds can continue providing both protection and diversification after a turbulent year, according to Bloomberg. Fears are imminent as investors face lower-for-longer rates despite growth…
France to Reopen Border with U.K. but Travel Restrictions Remain
France agreed to lift suspension of movements into and out of U.K. following closures on a new strain of COVID-19 virus, according to Bloomberg. Still, European Union citizens and residents…
EU Clears Pfizer COVID-19 Vaccine for First Inoculations
The European Union cleared Pfizer and BioNTech vaccine on Monday, paving the way for mass vaccinations after Christmas, according to Reuters. Germany, France, Austria, and Italy plan to start vaccinations…
New COVID-19 Strain Reverses Stocks, Sterling Gains and Threatens More Volatility
European stocks and the pound traded 2% lower on Monday amid growing market volatility over a new coronavirus strain in Britain, reports Reuters. The new strain, up to 70% more…
Here is How BlackRock Recommends Investors Navigate Markets Next Year
BlackRock raised equities from neutral to overweight on a 6-12 month tactical basis, as it sees a powerful restart to the economy due to vaccines, reports BlackRock. BlackRock also downgraded…
Germany Manufacturing Boosted as New Orders Rise 2.9% in October
Germany’s new orders increased 2.9% in October, more than expected 1.4%, according to Destat press release. Excluding major orders, real new orders in manufacturing were 1.7% higher than the previous…
Germany Economy Grew by 8.5% in Third Quarter amidst Recession Fears
German’s gross domestic product (GDP) expanded by a record 8.5% in Q3, more than expected 8.2%, according to the Federal Statistical Office’s press release. The growth was a recovery from…