Markets rally as Fed's Powell pledges more ammunition to fight Covid-19 downturn - business live

A wave of optimism has lifted Britain’s FTSE 100 by 128 points, or 2.2%, in early trading in London. Nearly every member of the blue-chip index is up, led by mining companies. Fresnillo , Glencore and Anglo American are all sharply higher, following Jerome Powell’s pledge to unleash more firepower if needed. Travel companies are also being lifted, with British Airways parent company IAG and cruise operator Carnival .

Shame they weren’t so keen to provide ammunition to public health to fight the actual COVID, then there wouldn’t have been so much need to spend a fortune dealing with its economic fallouts.

New all time highs in the NASDAQ by month end.

Do the markets just always fail to take reality into account?

No more rallies without intervention...

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Will The Fashion Rental Market Ever Recover From Covid-19?With weddings on hold and summer holidays a distant dream, clothing rental has fallen dramatically since the pandemic began. But will coronavirus change our long-term attitude towards sharing clothes? Here’s what we know so far
Fonte: BritishVogue - 🏆 14. / 80 Consulte Mais informação »