General

Actions in Europe reach maximum in a year, driven by vaccination plans against the coronavirus

Oil prices jumped to 13-year highs as freezing weather caused by storms in the United States not only raised fuel demand but also threatened crude production in the state of Texas.

Meanwhile, Bitcoin was trading at $ 49,072.84, after having set a new high about $ 60 away from the $ 50,000 threshold.

The European stock index STOXX 600 s was up 0.19%, after reaching the highest level on Monday since late February 2020.

"The big picture here is there is a lot of enthusiasm for recovery when it comes to vaccination programs" said Michael Hewson, chief market analyst at CMC Markets.

The outlook for an economic rebound also they were helping raw materials bringing London copper to $ 8,383.50 a ton after reaching its highest level since May 2012. The European mining sector hit a ceiling not seen since July 2011. [19659002] The Gross Domestic Product (GDP) of the euro zone fell less than initially estimated in the last quarter of 2020 and employment increased compared to the previous three months, despite the confinements due to the COVID-19 pandemic, according to new calculations released Tuesday.

On Wall Street, S&P 500 futures totaled 0.46%. Yields on US 10-year bonds reached 1.25% for the first time in nearly a year.

The dollar index was trading at 90.229 units, approaching a three-month low, because market confidence in the The economy was leading investors to riskier currencies, including the euro and the British pound.

The European market situation helped Asian stocks post more gains, including the selective Nikkei index, which posted a rise of 1, 28% at 30-year maximums.


Source link

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Close