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World stock markets racked up record highs on Thursday and the dollar slipped as investors bet major stimulus from new U.S. President Joe Biden and unswerving global central bank support would...
NEW YORK, Jan 21 (Reuters) - World stock markets racked up record highs on Thursday and the dollar fell as investors bet major stimulus from new U.S. President Joe Biden and unswerving global central bank support would cushion the coronavirus’ damage and bolster economic growth. In Europe, the pan-European STOXX 600 index closed 0.17% higher, while the FTSE slid 0.4% and the DAX slipped 0.11%. The euro edged up as the European Central Bank’s first policy meeting of the year brought no change to its supportive policies. Asian stocks reached new highs overnight, Wall Street rose further and...
4 Min Read NEW YORK (Reuters) - World stock markets racked up record highs on Thursday and the dollar slipped as investors bet major stimulus from new U.S. President Joe Biden and unswerving global central bank support would cushion the coronavirus’ damage and bolster growth. FILE PHOTO: A Wall Street sign is pictured outside the New York Stock Exchange in the Manhattan borough of New York City, New York, U.S., October 2, 2020. REUTERS/Carlo Allegri The euro [/FRX] edged up as the European Central Bank’s first policy meeting of the year brought no change to its supportive policies. Asian ...
Australian shares fall, Coca-Cola Amatil returns COVID-19 wage subsidies By business reporter David Chau, Emilia Terzon and wires Posted ThuThursday 21 updated FriFriday 5 Coca-Cola Amatil is handing back some wage subsidies it received from the New Zealand Government. ( Share Print text only Cancel Australian shares finished trading with minor losses on Friday, but are still hovering near an 11-month high. Key points: Bitcoin hit a record high ($US42,000) on January 8 Markets have risen on bets the Biden administration will pass a $US1.9t stimulus package After rising for three straight day...
by Paul R. La Monica, CNN Business — December 16, 2020 . In his first year in office, President-elect Joe Biden will have many crucial decisions to make. One of those important choices is who will oversee the Federal Reserve after Chairman Jerome Powell. While Powell’s term isn’t up until February 2022, speculation is already buzzing about a potential second term — and his eventual successor. Powell is likely to face questions about his future at a news conference Wednesday, when the central bank is widely expected to announce it is keeping interest rates at zero. A few names are floa...