U.S stocks hit near record highs as traders weighed on economic optimism fueled by government aid, reports Bloomberg. Attention now shifts at how fast vaccines can be distributed even as the dollar slipped. Here are the key moves in the markets: StocksThe S&P 500 Index rose 0.1% as of 10:55 a.m. New York time on Tuesday while the Stoxx Europe 600 Index gained 0.8%MSCI … [Read more...] about Stocks Dust Off Challenging Year to Close Near Record Highs, Dollar Slips
Forex News
Why the Pandemic Showed Fed Matters in Crisis-hit Markets
Fed’s action during the early days of the coronavirus pandemic stemmed a rout in markets and kept financial costs low, according to Reuters. Fed restored trust in fragile moments, proving its critics wrong of role in preventing financial crisis. When the coronavirus crisis intensified in March, Fed’s initial moves propped up trading in Treasury bonds, short-term … [Read more...] about Why the Pandemic Showed Fed Matters in Crisis-hit Markets
China Jails Journalist for Four Years over Virus Reporting
A Chinese court on Monday jailed Zhang Zhan for four years for “picking quarrels and provoking trouble” while reporting the coronavirus outbreak in Wuhan, reports Reuters. Zhang, 37, a citizen-journalist, gave firsthand accounts from crowded hospitals and empty streets, revealing the dire impacts of the pandemic. Ms. Zhang believes she is being prosecuted for exercising her … [Read more...] about China Jails Journalist for Four Years over Virus Reporting
Mozambique Troops Repel Attack Near $20 Billion LNG Project
Mozambique security personnel repelled an attack by Islamic insurgents on a town close to the site where Total SE is building a $20 billion natural gas facility, Bloomberg reports. The attack occurred about 21 kilometers (13 miles) from Total’s project overnight on Wednesday. The attack near the LNP project is the second this month on the town of Mute in the northern Cabo … [Read more...] about Mozambique Troops Repel Attack Near $20 Billion LNG Project
Brexit Trade Deal Reportedly Edges Closer as EU-UK Clinch Narrow Accord
Britain clinched a Brexit trade deal with the European Union on Thursday ahead of exit from the world’s largest trading bloc in a week, reports Reuters. The deal guarantees that Britain is no longer bound by the EU rules and potentially ends months of intense negotiations between the bloc officials and the U.K. The EU-UK trade news is welcome for many families and businesses … [Read more...] about Brexit Trade Deal Reportedly Edges Closer as EU-UK Clinch Narrow Accord
