The European Union (EU) does not plan to impose an export ban or restrictions on coronavirus vaccinesthe EU Trade Commissioner said on Tuesday, Valdis Dombrovskis, as reported by Reuters. Featured statements: “The EU is still Evaluating President Joe Biden’s ‘Buy American’ Order, but it is working for open contracting markets. “ “The EU looks forward […]
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Prime Minister Giuseppe Conte officially resigns
The Italian Prime Minister Giuseppe Conte officially resignedReuters reported Tuesday, citing a statement issued by the president’s office. The press release further revealed that the President Sergio Mattarella will begin consultations with political parties on Wednesday on how to resolve this crisis. In addition, the President has asked Conte to remain in a “caretaker role” […]
Von der Leyen Says COVID-19 Vaccine Producers Must Meet Their Obligations
Speaking at the World Economic Forum on Tuesday, the President of the European Commission, Ursula von der Leyen has said that the producers of the vaccine for COVID-19 must comply with their obligations, as reported by Reuters. “The European Union will establish a mechanism for the export of vaccines because it means business in acquisitions, […]
Ministry of Health says news about lower efficacy of AstraZeneca vaccine cannot be confirmed
In response to media news about the efficacy of AstraZeneca’s coronavirus vaccine, Germany’s Health Ministry has said they cannot confirm local news. Additional comments: “Data does not suggest efficacy of just 8% for older people“. “Reiterate that awaits the decision of the EMA about the AstraZeneca vaccine on Friday. “ The news of German media […]
Fears drive the dollar off to a dull start to the week
This is what you need to know to operate this Tuesday, January 26: The dollar appreciated on risk aversion, gaining primarily against high-yielding rivals. The grim mood was the result of disappointing macroeconomic data and news related to a new US stimulus package, as President Joe Biden faces opposition from Republican and Democratic lawmakers. Wall […]
Recovery is somewhat delayed but not derailed
Christine Lagarde, President of the European Central Bank (ECB), attends a panel titled “Restoration of economic growth“at the World Economic Forum. Key Comments: “Recovery is somewhat delayed but not derailed. “ “The hope remains that 2021 be the year of recovery“. “He increase of the euro zone in the fourth quarter was negative“. “We expect […]
EUR / USD falls to two-day lows around 1.2115
He EUR/USD The session began with a firm tone, reaching a daily maximum of 1.2183 at the end of the Asian session, which brought it closer to the nearly two-week high reached on Friday at 1.2189. However, since the European morning, the pair has suffered bearish attacks that have led it to lose more than […]
A solid obstacle is found around 1.2180
EUR / USD reverses initial optimism and returns to the 1.2140 region. Higher up is the high of January 6, 2021 at 1.2349. The euro bulls have once again failed to push the EUR / USD above the 1.2180 / 90 region at the beginning of the week. This resistance zone is also reinforced by […]
Lane says the central bank examines a wide range of measures to assess the state of funding conditions
“We believe that the best way to achieve our monetary policy objectives is to preserve favorable financing conditions during the pandemic period.“European Central Bank chief economist Philip Lane said Monday, Reuters reported. Additional comments: “The Governing Council of The ECB regularly examines a wide range of measures to assess the state of financing conditions“. “The […]
The German economy is expected to reach pre-crisis levels by mid-2022
The German Economy Ministry expects the German economy to reach pre-crisis levels by mid-2022Reuters reports Monday citing a draft government document. Additional details from the report reveal that the ministry forecasts a debt-to-GDP ratio of 72.5% in 2021 and 68.75% in 2024. . Donald WestbrookDonald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional […]
