was flat, with global markets in a holding pattern ahead of the U.S. Federal Reserve Chairman Jerome Powell's speech on Thursday that could offer clues on what steps the central bank is willing to take to safeguard a fragile economic recovery.
The pan-European STOXX 600 index rose just 0.1%, held back by fears after two confirmed cases of coronavirus re-infections in Europe raised concerns about people’s immunity to the virus. “We’ve had a disappointing set of flash PMIs last week, which gives you an impression that after the initial rebound, the recovery is going to stall,” said Andrea Cicione, head of strategy at TS Lombard.
Virus fatigue hopefully setting in COVID19 ,hopefully the media catches on
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:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asian stocks mostly higher as trade, virus treatment hopes lift moodAsia's stock markets were mostly higher on Tuesday as investors cheered signs of progress in U.S.-China trade negotiations and following a fresh Wall Street rally.
Source: Reuters - 🏆 2. / 97 Read more »
European stocks bounce off lows on virus treatment hopesEuropean stocks bounced from a two-week low on Monday as signs of progress in developing a COVID-19 treatment offset fears about a resurgence in virus cases across the continent that could risk stifling an economic recovery.
Source: Reuters - 🏆 2. / 97 Read more »
European stocks head for positive open, tracking global markets higherEuropean stocks are expected to open higher Tuesday, following upbeat trade in markets in the U.S. and Asia Pacific.
Source: CNBC - 🏆 12. / 72 Read more »
Asian stocks boosted by fresh U.S.-China trade hopesAsian stock markets were mostly higher on Tuesday after the U.S and China indicated progress in trade talks, and as hopes of new coronavirus treatments boosted broader sentiment among global investors.
Source: Reuters - 🏆 2. / 97 Read more »
European stocks and Dow futures rise as U.S. and China report positive trade talksEuropean stocks climbed Tuesday, getting a boost from the U.S. and China holding trade talks. What are they going to say? The other guy sucks?
Source: MarketWatch - 🏆 3. / 97 Read more »