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Billions Poured into ElectricVehicle Companies, but much more will be Needed before the Auto Industry Changes

Wall Street and Silicon Valley poured billions of dollars into electricvehicle and related companies in 2020, betting on their future dominance and in many cases fueling valuations that bear little relation to the companies current or expected production and sales. There is little doubt that the automotive industry is trending toward electric vehicles amid the […]
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Countries Suspend Use of AstraZeneca Vaccine

Health experts say they are disappointed and confused by the flurry of suspensions of the coronavirus vaccine developed by AstraZeneca and the University of Oxford, warning there is not yet enough data to justify these decisions. Sweden and Latvia on Tuesday joined a fastgrowing list of European countries suspending the use of the vaccine as […]
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European Stocks Rise on Upbeat Forecasts from Zalando, VW

March 16 Reuters European stocks rose on Tuesday as German online fashion retailer Zalando and carmaker Volkswagen jumped following upbeat earnings forecasts, while investors awaited the U.S. Federal Reserves views on a recent pickup in inflation. The panEuropean STOXX 600 index rose 0.4, crawling closer to a record peak set last year and tracking an […]
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GBP Down on EU Challenge; US Retail Sales

Rates as of 0500 GMT Market Recap Not much going on in the FX market this morning overall changes are quite limited. There are only two moves worth noting CHF moving up and GBP moving down. Its simple to explain the decline in GBP the EU launched legal action against Britain over alleged breaches of […]
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Rise and Fall of Wirecard, German Tech Champion

Payments firm Wirecard collapsed last year in Germanys biggest postwar fraud scandal. A parliamentary inquiry is in progress, with German Chancellor Angela Merkel and Finance Minister Olaf Scholz due to testify in April. The German government examined the possibility of bailing out Wirecard just three days before it collapsed, according to documents seen by Reuters. […]
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EMStocks Tick Higher after Upbeat Wall Street Session

Emerging market stocks rose on Tuesday, following an upbeat handover form Wall Street on economic recovery hopes, while currencies made muted moves with all eyes on the U.S. Federal Reserves policy decision. MSCIs index of emerging market shares was up 0.6 as U.S. treasury yields retreated, with most main indexes across Asia in the black. […]
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Euro Zone Bonds Hold Ground, Eyeing Vaccinations, Fed

Euro zone government bonds held ground in early Tuesday trade, as caution set in before a U.S. Federal Reserve meeting and uncertainty around vaccinations in the bloc supported safehaven assets. Wednesdays Fed meeting is in focus amid expectations that economic growth and inflation will rebound after U.S. fiscal stimulus, which has pushed up government bond […]
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