European Stocks Slide on Powell Remarks, Set for Weekly Gain

Rising U.S. bond yields put European equities under pressure again on Friday after Federal Reserve Chair Jerome Powells remarks failed to soothe investor concerns about a recent surge in borrowing costs. The panEuropean STOXX 600 fell 0.7, with shares of travel, media, and financial services companies leading the declines. While Powell said the rise in […]
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U.S. Job Growth Likely Regained Steam in February

U.S. job growth likely accelerated in February as more services businesses reopened amid falling new COVID19 cases, quickening vaccination rates and additional pandemic relief money from the government, putting the labor market recovery back on firmer footing and on course for further gains in the months ahead. The Labor Departments closely watched employment report on […]
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Oil Prices Climb as OPEC Extends Output Cuts into April

Oil prices rose more than 1 on Friday, extending gains from the previous session, after OPEC and its allies agreed not to increase supply in April as they await a more substantial recovery in demand amid the coronavirus pandemic. Brent crude futures for May rose 83 cents, or 1.2, to 67.57 a barrel at 0609 […]
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Indian shares drop on bond yield worries

BENGALURU, March 5 Reuters Declines in banking stocks put Indian shares on course for a second straight session of losses on Friday as rising U.S. Treasury yields spooked equity investors, although a jump in Oil and Natural Gas Corp helped limit the fall. The bluechip NSE Nifty 50 index fell 0.65 to 14,984.1 by 0349 […]
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