Markets

Nasdaq closes at record high as investors digest Fed action and stimulus talks

US equities wavered on Wednesday as investors mulled the Federal Reserve’s policy update, disappointing economic data, and progress toward passing new stimulus. Congressional leaders are close to agreeing on a stimulus package that includes just under $US900 billion in relief funds, Politico reported. A deal could be finalised as early […]
Nasdaq closes at record high as investors digest Fed action and stimulus talks
Markets

The worst of Europe’s coronavirus recession appears to be over, according to a set of widely-watched business surveys

Some European economies are picking up from coronavirus-led recessions earlier in the year as they loosen lockdown restrictions and reopen businesses, a set of business surveys showed. IHS Markit’s Composite Purchasing Managers’ Index showed significant improvements in both manufacturing and service sectors in July for the UK, France, Germany, and […]
The worst of Europe’s coronavirus recession appears to be over, according to a set of widely-watched business surveys
Markets

Europe’s economy bounced back sharply in June, but is not quite on track for a ‘v-shaped’ recovery yet, according to a widely-watched business survey

Europe’s major economies continued to bounce back from their coronavirus driven slump in June, according to a widely-watched set of business surveys. IHS Markit’s Composite Purchasing Managers Index (PMI) posted better than expected readings for the Eurozone, the UK, France, and Germany. France even registered an expansion in activity. The […]
Europe’s economy bounced back sharply in June, but is not quite on track for a ‘v-shaped’ recovery yet, according to a widely-watched business survey
Next Page »