Up 32% from its March lows, the Stoxx Europe 600 SXXP, -0.48% slipped 0.5%, with the recently rallying Stoxx Europe Total Market Value Index STVP, -1.20% declining by 1%.
The European Central Bank is expected to expand its €750 billion Pandemic Emergency Purchase Program, by €500 billion, after ECB President Christine Lagarde downgraded the central bank’s eurozone GDP estimate to a drop between 8% and 12% this year. LVMH Moet Hennessy Louis Vuitton MC, +0.16% shares were steady after saying “on this occasion” it is not considering buying Tiffany TIF, -2.38% shares “on the market” after a board meeting. Women’s Wear Daily has reported that LVMH’s planned takeover of Tiffany was in jeopardy.
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German stocks shine in Europe as carmakers surgeEuropean stocks hit their highest levels since early March on Tuesday, with German stocks outperforming as carmakers rallied on hopes of stimulus and Lufthansa gained after its board approved a state bailout. qwwe4s
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Citi warns stocks are 'way ahead of reality,' JPMorgan sees more gains - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Both are true. And neither situation makes any sense.
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China and Europe 'bailed our stock market out,' Jim Cramer says'If the rest of the world's in better shape, well, that is fantastic news for our companies that do lots of business overseas,' the 'Mad Money' host said. I was sure it was the Federal Reserve . What about the Fed!? I dont believe that. It was the US Federal RESERVE. jimcramer GETTING WORRIED HE WILL BE HELD ACCOUNTABLE BY JoeBiden IN NOVEMBER AND GET TAXED UP TO THE MOOOOON 🚀🚀 CapitalPrivate1 AOC TRYING TO SHIFT THE BLAME. WE SEE IT !!
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