Germany Ifo Index; Bundesbank Monthly Report; updates from Galp Energia, Hermes, HSBC, SSAB. Europe is set for a positive open despite a mixed Asian session so far, as China restricts some travel following a Covid spike. The dollar and Treasury yields were lower, while U.S. oil and gold made further gains.
European stocks rose Friday, cheered by news that troubled property group Evergrande had made an overdue interest payment to international bondholders. "An early payment from the Chinese property giant reassured investors, as the likelihood of a default and associated risk to the financial system faded. However, this optimistic mood may be short-lived as investors' biggest concern remains inflation, "said ActivTrades analyst Pierre Veyret.
American Express results; Federal Reserve Bank of San Francisco President Mary Daly speaks at American Enterprise Institute virtual event on "Facing an uncertain world: The Federal Reserve and climate risk". Stock futures crept lower Friday, putting the S&P 500 on course to break a seven-day winning streak that included a fresh record high. Stocks have risen in recent days on strong earnings, shaking off concerns about inflation and supply-chain problems that threaten the...
S&P 500 Edges Higher to Record. U.S. stock indexes were mixed amid another batch of major earnings from companies including AT&T and Blackstone. Jobless Claims Fall to Pandemic Low Behind Tight Labor Market.
Stocks Waver Amid Earnings, Jobless Data. U.S. stock indexes were mixed amid another batch of major earnings from companies including AT&T and Blackstone. Jobless Claims Fall to Pandemic Low Behind Tight Labor Market.
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