Page 17 - Soc Gen News Today : Breaking News, Live Updates & Top Stories | Vimarsana

US stocks fall after hitting record highs Wall Street's main indexes turned negative in volatile trading on Wednesday after the S&P 500 and the Dow hit record highs at the open on hopes of faster economic growth. The Dow Jones Industrial Average fell 73.22 points, or 0.23%, to 31,302.73, the S&P 500 lost 9.58 points, or 0.24%, to 3,901.72 and the Nasdaq Composite lost 73.65 points, or 0.53%, to 13,934.05. European shares gain on stimulus hopes European shares rose on Wednesday as upbeat earnings reports from firms including SocGen helped boost optimism around a broader economic rebound, whil...

Economic data from Germany and Italy will be in focus later this morning. Weak stats would likely test support amidst the market optimism.

- GBP/USD to 1.40 if Bank says -ve rates not feasible: MUFG - GBP/EUR down to 1.1286 if vote on -ve rates is split: TD Securities Image © Adobe Stock The Bank of England's February policy decision forms the key risk for the British Pound on Thursday as foreign exchange markets eagerly await a verdict on whether an interest rate cut to 0% or below is likely either today, or at some point in coming weeks and months. Such a rate cut has never been attempted in the UK before and the Bank's decision will therefore have significant implications for the UK financial system.

French and German GDP figures for Q4 will be in focus early in the session. COVID-19 news and corporate earnings will also influence on the day.

U.S economic data, chatter from Capitol Hill, COVID-19 news, and Italian politics are in focus. Corporate earnings results will also draw influence.