European stocks inch higher as global markets assess inflation spikes

The U.S. Labor Department reported a 5% annual increase in its headline consumer price index on Thursday, its fastest rise since 2008. However, strategists have suggested there is enough evidence in Thursday's data to sustain the Fed's assertions that hotter-than-expected inflation will be transitory. European markets were fractionally higher on Friday as global markets shrug… Continue reading European stocks inch higher as global markets assess inflation spikes

European markets inch cautiously higher, tracking global sentiment

Hopes of a swift global economic recovery were boosted Thursday by data showing U.S. retail sales jumped 9.8% in March, outstripping consensus expectations as additional stimulus sent consumer spending soaring. European investors will have an eye on final euro area inflation figures for March, due for release at 10 a.m. London time, along with February's balance… Continue reading European markets inch cautiously higher, tracking global sentiment

European markets gain on recovery hopes; Credit Suisse cuts dividend

Credit Suisse announced several high-level staff departures and cut its dividends and bonuses in the wake of a $4.7 billion hit from the Archegos Capital Management saga. European markets advanced on Tuesday as trading resumes after the Easter holiday, with global sentiment boosted by positive economic data in the U.S. and China. The pan-European Stoxx… Continue reading European markets gain on recovery hopes; Credit Suisse cuts dividend

European markets pull back slightly as Treasury yields climb again

The European Central Bank on Thursday vowed to ramp up its bond buying efforts "significantly" in the second quarter after borrowing costs rose across the continent. The yield on the benchmark U.S. 10-year Treasury note rose again on Friday morning in the aftermath of the stimulus passage, briefly hitting 1.6%. The U.K. economy shrank by… Continue reading European markets pull back slightly as Treasury yields climb again

Nearly half of U.S. workers suffer from mental health issues since Covid-19 pandemic hit, report finds

If you're stressed out, anxious or feeling lonely, you are not alone. Nearly half of American workers have been suffering from mental health issues since the Covid-19 pandemic began, at a significant cost to their well-being and potentially to their employer's bottom line. There has been a significant jump in full-time U.S. workers dealing with… Continue reading Nearly half of U.S. workers suffer from mental health issues since Covid-19 pandemic hit, report finds

European markets set for cautious open with Brexit, U.S. politics on the agenda

The U.K. and the European Union have indicated that a Brexit deal is still some way off after negotiations recommenced Monday over implementing their Withdrawal Agreement. House Speaker Nancy Pelosi announced on Monday night that the Democrats were unveiling a new $2.2 trillion stimulus package. LONDON – European markets are set to nudge higher at Tuesday's… Continue reading European markets set for cautious open with Brexit, U.S. politics on the agenda

European stocks set for mixed open as US-China trade truce nears

The U.S. Treasury Department on Monday dropped its designation of China as a currency manipulator, as a Chinese delegation led by Vice Premier Liu He arrived in Washington ahead of the signing of a phase one trade deal. European stocks were set for a mixed open Tuesday as Chinese negotiators arrived in Washington ahead of… Continue reading European stocks set for mixed open as US-China trade truce nears