2021-04-17 07:35:49 GMT2021-04-17 15:35:49(Beijing Time) Xinhua English
FRANKFURT, April 17 (Xinhua) Despite the German government trying to tighten nationwide restrictions amid a recent surge of COVID-19 cases in Europe, the country s stock market soared to record highs on Friday, showing a glimmer of hope for recovery.
Experts pointed out that the strong recovery of global demands has boosted prospects for export-oriented German-listed companies, addressing concerns over the current tough situation.
EXPECTATIONS FOR RECOVERY
The DAX 30, a German stock exchange barometer that measures the performance of the 30 largest and most liquid listed companies, closed above 15,459 points on Friday for the first time. Stocks of manufacturing giants, especially automakers, were fueled by upbeat data from the economies of China and the United States.
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BusinessWorld
March 7, 2021 | 5:46 pm
EUROPE’s vaccine blunders are alarming some of the world’s top investors, who see economic growth imperiled by a slow pace of business reopenings.
While the region’s stocks are riding the global rally and faring well against the selloff in US big tech, prolonged lockdowns threaten the economic recovery. Investors are taking notice. European equity funds have recorded three weeks of outflows, with Bank of America Corp. and BlackRock Investment Institute warning that the continued virus outbreak could hurt trading strategies in the single-currency bloc.
“The Europeans desperately need to accelerate the pace of their vaccine rollout if they want to get a handle on the virus,” said Seema Shah, the London-based chief strategist at Principal Global Investors Ltd., which manages $544 billion. “Bureaucracy and confused messaging from governments has weighed on the process.”
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Do you want to know how gold will be doing soon? Or the USDX? You have to look at the German and French economies. You may ask “What? How can they be tied together?” Well, the globalization of markets is one of the core foundations of the modern world. With everything interrelated, nothing in economics can be examined in a vacuum state. That includes the three precious metals price drivers: stocks, yields and currencies.
The EUR/USD currency pair is a perfect example of this interconnectivity. Being the most popular and most traded currency pair in the world, the EUR/USD is influenced by many factors, including the price action in the USD Index as well as the strength of the European and American economies at any given time. The same level of interconnectedness can be applied to the other price drivers.