LONDON (Reuters) – Stock markets struggled for direction on Friday as investors worried about a lack of detail in the US Federal Reserve’s policy change, while Japanese markets were awakened when Prime Minister Shinzo Abe sacked for health reasons. FILE PHOTO: A pedestrian in the offices of the London Stock …
Read More »Monthly Archives: August 2020
Berlin bans planned weekend protests over coronavirus restrictions, and makes far-right fury
Roughly 20,000 people gathered on August 1 in Berlin, Germany without face masks or adhering to social distance measures to protest against coronavirus restrictions. Now, Berlin officials are banning anti-restriction protests planned for this weekend, angering many of the country’s far-right supporters. The assembly’s authority lifted the ban on Wednesday, …
Read More »Fed’s Jackson Hole Reboot to Raise Inflation Against Skepticism
Xpeng with Alibaba support pushes New York stock debut
Shares in Chinese electric car maker Xpeng Motors rose more than 40 percent at its New York debut as a boom in Tesla’s share prompted the country’s start-ups to speed up its expansion plans. Xpeng, backed by e-commerce group Alibaba, rose as much as 67 percent on the New York …
Read More »European equities mixed as traders assess the US inflation shift
European equities were mixed Friday as markets continued to try and make sense of the historic shift in inflation announced by US Federal Reserve Chairman Jerome Powell. On Thursday, Powell said the central bank would launch a new monetary policy framework that is likely to keep interest rates low in …
Read More »