European Stocks Extend Gains, Dollar Weakens

European stock markets rose Tuesday, extending the previous session’s gains after a record-lead from Wall Street tech stocks but confidence was kept in check by ongoing China-US tensions and lack of movement on a new US stimulus, analyst said.

“The dollar continues to fall with investors expecting the Fed to maintain its expansionary monetary policy for a long time owing to concerns the persistence of COVID-19 will weigh on economic recovery,” noted Fawad Razaqzada, market analyst with ThinkMarkets. UK retailer Marks and Spencer on Tuesday announced 7,000 job cuts. In the US, Walmart reported surging e-commerce sales.Washington-Beijing unrest meanwhile took a new twist, with the US expanding sanctions on Chinese telecoms giant Huawei to further limit its access to computer chips and other US-made products.

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

Lagos extends market hours - The Nation NigeriaIn a statement by Commissioner for Local Government and Community Affairs, Dr Wale Ahmed, the decision by Governor Babajide Sanwoolu
Fonte: TheNationNews - 🏆 6. / 69 Leggi di più »

Lagos extends market opening hours
Fonte: MobilePunch - 🏆 8. / 63 Leggi di più »

COVID-19: Lagos extends market hoursWe are a quality, national, newspaper with credible and dependable information.
Fonte: TheNationNews - 🏆 6. / 69 Leggi di più »