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Reuters (April 1)

2021/ 04/ 02 by jd in Global News

“Global equity markets surged on Thursday, with U.S. and European benchmark indexes hitting record highs, as the strongest manufacturing data around the world in decades and a drop in bond yields drove investor optimism.” Support is strong with “multiple tailwinds— stimulus, expectations of record earnings, vaccines—driving stocks higher.”

 

ABC News (March 17)

2021/ 03/ 18 by jd in Global News

“Optimism is spreading in the U.S. as COVID-19 deaths plummet and states ease restrictions and open vaccinations to younger adults. But across Europe, dread is setting in with another wave of infections that is closing schools and cafes and bringing new lockdowns.”

 

The Guardian (March 14)

2021/ 03/ 14 by jd in Global News

“A third wave of the Covid pandemic is now advancing swiftly across much of Europe. As a result, many nations – bogged down by sluggish vaccination campaigns – are witnessing sharp rises in infection rates and numbers of cases.” With infections rising to levels last seen in early February, “several countries are now set to impose strict new lockdown measures in the next few days.”

 

Wall Street Journal (March 13)

2021/ 03/ 13 by jd in Global News

“Regulators are pressuring Wall Street to do away with the London interbank offered rate by year-end. Companies are still making the switch.” The Federal Reserve is pushing the Secured Overnight Financing Rate (SOFR) as a replacement, but “the U.S. is running behind the U.K. and Europe, where investment firms and companies have been faster to transition to alternative rates,” including the Sterling Overnight Index Average (Sonia).

 

Reuters (December 13)

2020/ 12/ 14 by jd in Global News

“A final Brexit without a trade deal would damage the economies of Europe, send shockwaves through financial markets, snarl borders and sow chaos through the delicate supply chains across Europe and beyond.” British Prime Minister Boris Johnson and EU Commission President Ursula von der Leyen agreed to extend talks beyond Sunday. “With a succession of deadlines missed, time is now critically short.”

 

The Economist (December 5)

2020/ 12/ 07 by jd in Global News

“Europe and America have shown that King Coal can be dethroned.” Next Asia must step up to “topple coal.” Fortunately, this “is overwhelmingly in Asia’s interest to do so. Its people, infrastructure and agriculture are dangerously exposed to the droughts, flooding, storms and rising sea levels caused by climate change….. Coal’s days are numbered. The sooner it is consigned to museums and history books, the better.”

 

Reuters (November 27)

2020/ 11/ 29 by jd in Global News

Europe is struggling “to find a common solution for the upcoming Christmas winter sports season.” Germany and France want the resorts closed while Austria doesn’t. A total closure “would be costly: Austria wants EU compensation for 2 billion euros of expected losses. But allowing people to squeeze into cable cars and enjoy apres-ski may pile pressure on national health systems as Europe fights a second wave of Covid-19. Without a coordinated and strict EU approach, a post-Christmas virus resurgence could be on the cards.”

 

Politico (November 10)

2020/ 11/ 12 by jd in Global News

“Forty-eight hours after Joe Biden emerged as the winner of the U.S. presidential election, Europe was still basking in the afterglow.” Even conservatives whose “traditional ties” with “the Republican Party frayed when Trump came to power.”

 

Wall Street Journal (October 31)

2020/ 11/ 02 by jd in Global News

“The Dow Jones Industrial Average declined Friday, closing out its worst week and month since March in the final lap of the presidential race. Volatility reigned” as “investors have been spooked by a record high in coronavirus infections in the U.S., fresh lockdowns in Europe that threaten economic growth and a mixed bag of earnings report from big technology companies.”

 

Wall Street Journal (October 28)

2020/ 10/ 29 by jd in Global News

“France has emerged as the epicenter of the second wave of coronavirus infections now sweeping much of Europe, causing hospitals to brace for a surge of new patients.” Governments have been left “are struggling to respond to the second wave, loath to impose new lockdowns that would compound the economic pain the coronavirus pandemic has already inflicted on their countries, but concerned about the steady rise in hospitalizations and deaths.”

 

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