Mounted police officers sit outside the Royal Exchange and the Bank of England in London on June 17, 2020. Tolga Ekman | AFP by Getty Images LONDON – The Bank of England on Thursday kept interest rates unchanged and maintained its current asset purchase levels, but warned that the outlook …
Read More »Europe vague as cases rise and fall down
Tourists wearing surgical face masks by Trevi Fountain in downtown Rome on August 19, 2020. Vincenzo Pinto | AFP | Getty Images LONDON – Europe is seeing a worrying rise in coronavirus cases, with the number of new infections reaching record levels on a daily basis in some countries. The …
Read More »European stocks are reacting to Fed, BOJ, BOE meetings
European stocks are expected to open lower on Thursday as investors around the world react to a recent meeting of the US Federal Reserve. According to IG, London’s FTSE opened 36 points lower at 6,043, Germany’s DX fell 112 points to 13,121, France’s CAC opened 40 points lower at 5,022 …
Read More »Fed favors inflation debate and sends message to market – no rate hike for years
Jerome Powell, chairman of the US Federal Reserve, speaks at a news conference after the Federal Open Market Committee (FOMC) meeting in Washington on February 29, 2020. Andrew Herrer | Bloomberg | Getty Images The Fed doesn’t expect inflation to rise for years, and is willing to keep rates at …
Read More »Ally Lilly reports a reduction in hospital admissions for her antibody treatment patients
LONDON – Eli Lilly said Wednesday that his antibody-based drug has recently shown hospital admissions rates for coronavirus patients diagnosed with mild to moderate symptoms of Covid-19. U.S. The drugmaker said it tested three different doses of LY-Covy 555 against a placebo in a trial registering about 450 patients. A …
Read More »