The average mortgage rate hasn’t risen this high since the end of July 2020. Higher rates signal an economy that’s slowly regaining its footing, noted Sam Khater, Freddie Mac’s chief economist, reported by HousingWire. Rising rates certainly didn’t slow new home sales in January. The U.S. census bureau reported sales …
Read More »
European stocks rose Monday, as signs of economic progress offset worries about growing coronavirus cases in the U.S. as well as India. Up 2% last week, the Stoxx Europe 600 SXXP, +1.57% rose 1.6%. London-listed shares of HSBC Holdings HSBA, +4.82% and Standard Chartered STAN, +4.27% jumped, responding to the …
Read More »
A French official on Tuesday expressed optimism the European Council will back the efforts by France and Germany for a 500 billion euro fund to aid economic recovery efforts. “I am confident that we will find a way,” said Odile Renaud-Basso, director general of the French Treasury, during an online …
Read More »
European stocks rose on Monday on optimism over lockdown restrictions being lifted across the globe. The German DAX DAX, +0.36% rose 0.3% and the U.K. FTSE 100 UKX, +0.76% , after a three-day break, rose 0.8%. Stocks hit hard during the crisis including Virgin Money UK VMUK, +8.45% and CINE, …
Read More »
U.S. stocks rose Tuesday as the market took heart from the easing of restrictions on businesses in the U.S. and Europe, amid hopes for an early vaccine to prevent the further spread of the COVID-19 pandemic. Investors also were watching a rise in crude oil prices and continued to monitor …
Read More »
Gold futures retreated Friday, with investors shunning haven assets amid early optimism over a drug that’s anecdotally shown potential to treat COVID-19 and the release of a road map to gradually reopening the U.S. economy. “Risk sentiment has been bolstered by U.S. President Donald Trump and reports suggesting a potential …
Read More »