The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, August 11, 2020. REUTERS/Staffcoming in close quarters with an all-time high as investors hoped for more U.S. fiscal stimulus. [.N]
Unprecedented monetary and fiscal stimulus, hopes of a COVID-19 vaccine and Europe’s relative success in limiting the spread of coronavirus have helped the STOXX 600 climb 38% from its March lows, but remains about 15% below its record highs. A ZEW survey showed investor sentiment in Germany picked up more-than-expected in August, reflecting hopes that Europe’s biggest economy is on the road to recovery.
German online fashion retailer Zalando SE rose 1.9% after reporting a more than doubling of sales on its site.
This is PERMABULLSHIT Minor rally before another leg lower travel industry demand not coming back this year - more bad news to come
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Europe near three-week high as auto, travel shares surgeEuropean stocks hit a near three-week high on Tuesday as automakers gained on a surge in China sales numbers, with hopes of a steady economic recovery from the coronavirus crisis boosting global sentiment.
Source: Reuters - 🏆 2. / 97 Read more »
Why stocks have rallied to record highs despite sharp economic decline - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Smoke and mirrors. A clear indication why the stock market is not a real measure of economic growth
Source: BusinessInsider - 🏆 729. / 51 Read more »
Dow ends over 350 points higher as tech stocks take a breatherThe Dow Jones Industrial Average jumped Monday, as shares of previously beaten down or lagging cyclical sectors saw renewed investor interest at the expense...
Source: MarketWatch - 🏆 3. / 97 Read more »
S&P 500 ends up slightly, tech-related shares underperform valueThe S&P 500 ended up slightly and the Nasdaq fell on Monday as investors extended a rotation into value stocks from heavyweight tech-related names while awaiting news on progress in a U.S. fiscal support bill. Breaking news 📰 : Stonks only go 👆🏻 up! banks, blackrock want in max this week , friday was a big purchase They want in max this week . Only play SP and dow.
Source: Reuters - 🏆 2. / 97 Read more »