Currency trader watch computer monitors near the screen showing the Korea Composite Stock Price Index at the foreign exchange dealing room in Seoul, South Korea, Thursday, July 30, 2020. Asian stocks advanced Thursday after the U.S. Federal Reserve left interest rates near zero to support a struggling economy.
Lower interest rates and investor optimism about a possible coronavirus vaccine have helped global markets recover most of this year’s losses. But analysts say it might be too early to bet the recovery will persist, given the rising infection numbers in the United States, Brazil and other countries. In Europe, Frankfurt’s DAX retreated 2.4% to 12,511 after the GDP figures came in below expectations. Economists note that the second quarter was the economic low point and recent data has shown a relatively strong bounce back since then. Still, the second quarter drop was the sharpest on record for Germany, Europe’s largest economy, and suggests the eurozone figures due Friday could also be worse than predicted.
In Asia, the Shanghai Composite Index lost 0.2% to 3,286.82 and the Nikkei 225 in Tokyo gave up 0.3% to 22,339.23. Also Thursday, Japan reported retail sales rose by a better-than-forecast 13.1% in June over the previous month.
AP and other fear mongers led to widespread shutdowns in an effort to hurt the economy. Still going on.
Wall Street is not the economy!!!!!
Um, and Trump's insinuation that he wants to postpone the election.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US stocks decline as stimulus negotiations heat up and earnings miss hopes | Markets InsiderUS stocks closed down on Tuesday as investors mulled Senate Republicans' coronavirus stimulus package and a slew of earnings reports. The GOP co... This is just the beginning folks. I'd cash out if I were yall
Source: BusinessInsider - 🏆 729. / 51 Read more »
Asia Pacific stocks set to slip ahead of U.S. Federal Reserve rate decisionStocks in Asia Pacific were set to trade lower at the Wednesday open as investors await the U.S. Federal Reserve's interest rate decision. Is this article a fucking joke? Rate decision? Rates are at 0 and staying there, Fed has already said they aren’t going negative and rates will remain at O for foreseeable future. cnbc is trash!
Source: CNBC - 🏆 12. / 72 Read more »
US stocks rise ahead of Fed meeting, Big Tech testimony | Markets InsiderUS stocks rose Wednesday ahead of a key Federal Reserve policy meeting and congressional testimony from big tech companies including Facebook an... Yes, that does happen when Congress and the Fed choose to guarantee asset prices. ETFs are always going to rise over long time horizons! Stop reading this and start increasing your financial literacy instead.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Kodak CEO's fortune swells $79 million as stocks rally on U.S. government loanEastman Kodak Co CEO Jim Continenza added $79 million to his net worth on Wednesday when his options in the imaging company turned from worthless to lucrative thanks to a U.S. government loan for a pharmaceutical ingredients supply deal that super-charged the value of his shares. 'Picture' perfect This is something that I agree with the President on. I just wish he would stop acting like such a jerk. Sounds light
Source: Reuters - 🏆 2. / 97 Read more »
Global Stocks Slip Ahead of U.S. Economic DataGlobal stocks fell ahead of data that is likely to show the U.S. economy shrank during the second quarter at the steepest pace since World War II It is no coincidence this recession began when biden wrapped of the democrat primary. The markets are just reacting and showing us how devastating a democrat presidency would be. GOP will spend another trillion $$ in debt to buy up stocks... What? Is that really the logic? People didn't know, one week ago, two weeks ago, a month ago, that today a super bad GDP number is gonna be published
Source: WSJ - 🏆 98. / 63 Read more »
Stocks making the biggest moves after hours: FireEye, AMD, Visa and moreSee which stocks are posting big moves after the bell. So Inconsequential. It's a make believe market manipulated by Trump,and the Trump Fed. Valuations no longer matter, and true price discovery is pre-empted by the FederalReserve...Play at your own risk.
Source: CNBC - 🏆 12. / 72 Read more »