[wp-trac] [WordPress Trac] #52867: The prospect of economic recovery also helped oil prices strengthen

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#52867: The prospect of economic recovery also helped oil prices strengthen
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 Reporter:  farhankholil16  |       Owner:  (none)
     Type:  defect (bug)    |      Status:  new
 Priority:  normal          |   Milestone:  Awaiting Review
Component:  General         |     Version:
 Severity:  normal          |  Resolution:
 Keywords:                  |     Focuses:
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Changes (by farhankholil16):

 * Attachment "UpHellyAa_ROW3217136930_1920x1080.2.jpg" removed.

 Taking their lead, European indices also rose with Britain’s FTSE 100
 .FTSE and the pan-Europe STOXX Europe 600 .STOXX both up around 0.7%.https
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 /free-streams-winthrop-vs-villanova-live-stream-reddit-how-to-watch-2021
 -ncaa-march-madness-tournament-games-for-free-without-cable/  “The markets
 get the new trading week off to a solid start, which is encouraging given
 all the excitement generated in the last seven days by news of vaccine
 breakthroughs,” said AJ Bell investment director Russ Mould.  “Solid and
 steady gains are arguably just what investors need after a very volatile
 period.”  U.S. stock futures in turn pointed to a positive start for Wall
 Street later in the day.  “With the futures pencilling in a 300-point
 rise, the Dow is set to start the week at 29,770, finally making good on
 the all-time high intraday levels struck this time last week,” said Connor
 Campbell, financial analyst at Spreadex.  Amid all the optimism, European
 government bond yields also fell back with Italian benchmark 10-year
 yields down 3 basis points.  Not every asset was swept up by the rising
 tide, however, with the dollar flat against a basket of currencies,
 weighed down by fresh data over the weekend showing an increase in the
 number of COVID-19 cases.  Gold steadied near a one-week high, up 0.3% at
 $1,893 an ounce.  While rising cases of the coronavirus were a risk,
 Morgan Stanley strategists urged investors to “keep the faith” in their
 2021 outlook note.  “We think this global recovery is sustainable,
 synchronous and supported by policy, following much of the ‘normal’ post-
 recession playbook. Overweight equities and credit against cash and
 government bonds, and sell dollars.”  For stocks, the analysts see
 earnings-per-share growth of between 25% and 30% across regions, with
 double-digit total returns through the end of 2021 that should helped
 power the S&P 500 to 3,900 points from its current 3,585 points. ASIA
 MARCHES ON  The announcement, a week ago, that Pfizer PFE.N had developed
 a very effective vaccine has investors hoping for similar good news soon
 from rival Moderna MRNA.O and looking past a tough winter to a better
 spring and summer ahead.  Besides the virus, Brexit trade talks were chief
 among European investors’ concerns on Monday, with hopes for a
 breakthrough ebbing slightly to leave sterling weaker against the dollar
 and the euro.  The British pound gave up early gains to edge lower against
 the dollar GBP=D3, changing hands at 1.3176 per dollar, and against the
 common currency as well, and last stood at 89.90 pence per euro EURGBP=D3.
 While the departure of hardline adviser Dominic Cummings from Downing
 Street is seen as a positive, perhaps allowing more British concessions,
 the UK’s chief Brexit negotiator David Frost said on Twitter that talks
 “may not succeed”.

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