European stocks dropped on Tuesday as traders look for a new catalyst after the big rally from the depths of March.The finance sector struggled, with Natixis KN, -4.89%, Legal & General LGEN, -3.88% and Société Générale GLE, -5.01% retreating.
The U.S. S&P 500 SPX, +1.20% on Monday turned positive for the year. Investors appear to be betting that even if the coronavirus spread accelerates, governments won’t be as strict as they were initially. The World Health Organization on Monday said it is very rare for asymptomatic people to spread the virus.
“No change to policy is expected, but markets will assess for how long current policy settings will be in place and the likelihood of further stimulus despite the unexpected payrolls rebound in May,” said Hann-Ju Ho, senior economist for commercial banking at Lloyds Bank.
Have you seen the past week!! Can we be more positive
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:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
European stocks open lower after strong rally last weekEuropean stocks slipped at the open on Monday, reversing after a huge rally last week. The German DAX undefined fell 1.1% and the U.K. FTSE 100 undefined...
Source: MarketWatch - 🏆 3. / 97 Read more »
Asia Pacific stocks set to trade higher as S&P 500 turns positive for the yearAn overnight rally stateside saw the S&P 500 erasing its losses and entering positive territory for the year.
Source: CNBC - 🏆 12. / 72 Read more »
S&P 500 erases its loss for the year as stocks rally on reopening optimismStocks rose broadly on Monday as traders grew more optimistic about the prospects of an economic recovery while states continue to reopen. Craziest market ever 🤯 👍🏻👍🏻
Source: CNBC - 🏆 12. / 72 Read more »
U.S. Stocks Rally; Nasdaq Hits RecordThe Dow rose as investors continued to assess the pace of the economic recovery. The technology-laden Nasdaq Composite index hit its first record close since February, and the S&P 500 finished in positive territory for the year. what crisis? Trump pumping the market lmao Good news. Nothing dodgy about it at all...
Source: WSJ - 🏆 98. / 63 Read more »
Once bitten, not shy: Investors again seek margin loans as stocks rallyGlobal banks are seeing renewed appetite from wealth management clients to borrow money to buy stocks as markets rebound, bankers said, which comes just months after the strategy burned some investors. waiting for the 2nd crash, plz buy stocks guys. ChristineEliaz Like rats fleeing a quarantined port for the promise of a new conquest. Those that forget History are usually very greedy.
Source: Reuters - 🏆 2. / 97 Read more »