Cyclical rally, U.S. jobs data drive European stocks to one-week high

(Reuters) – European shares closed at a one-week high on Thursday as hopes of a COVID-19 vaccine and a better-than-expected rebound in U.S. hiring overshadowed concerns about surging coronavirus infections. The pan-European STOXX 600 rose 2%, easing slightly from highs hit after data showed the U.S. economy created a record 4.8 million jobs in June as more restaurants and bars […]

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European shares edge lower at the end of strong quarter

(Reuters) – European stocks slipped on Tuesday, with banks and energy firms leading the losses at the end of a strong quarter, while UK markets took a hit from a worse-than-expected GDP reading. The pan-European STOXX 600 index looked set to post a more than 12% rise in the quarter – its best since March 2019 – as unprecedented stimulus, […]

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Shares rise on upbeat data but COVID-19 spike dampens sentiment

NEW YORK (Reuters) – A global gauge of stock markets rose on Tuesday as investors continued to look for signs of an economic recovery while Treasury debt prices were little changed amid a fog of rising COVID-19 cases. The possible return of Libyan oil production, which has been down to a trickle since the start of the year, weighed on […]

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Pandemic leads to six months of global market mayhem

LONDON (Reuters) – Probably the best thing to say about world financial markets so far this year is simply that it has been quite a ride. If somehow you missed the coronavirus slamming the global economy like a wrecking ball, current market levels certainly do not reveal the wild swings that unprecedented events unleashed. Sure, world stocks .MIWD00000PUS are down […]

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US Republicans urge Trump to reconsider Germany troop cut

Republican lawmakers say US troop presence is the backbone of NATO’s deterrent against Russian aggression. A group of Republican legislators in the House of Representatives urged President Donald Trump on Tuesday to reconsider his decision to cut the number of US troops in Germany, saying their presence is the backbone of NATO’s deterrent against Russian aggression. Why does Trump want […]

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Thumping data drives stocks and oil higher

LONDON (Reuters) – World stocks and risk currencies rallied on Tuesday on encouraging global economic data and assurances from U.S. President Donald Trump that the U.S.-China trade deal remained “fully intact” after confusion over its fate had emerged. Jitters had struck Asian markets after White House adviser Peter Navarro said the trade deal with China was “over”, linking the breakdown […]

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Britain, EU need Brexit agreement in the autumn: Merkel

BERLIN (Reuters) – The European Union and Britain need to reach a deal by the autumn on their future relationship in order to get it ratified, German Chancellor Angela Merkel said after a video conference with other EU leaders on Friday. Britain left the European Union on Jan. 31 and their relationship is governed by a transition arrangement that keeps […]

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Former Pope Benedict leaves Vatican to visit ailing brother in Germany

VATICAN CITY (Reuters) – Former Pope Benedict travelled to his native Germany on Thursday to visit his ailing older brother, the Vatican said. Vatican spokesman Matteo Bruni said Benedict, 93, flew to Regensburg to visit his brother Georg Ratzinger, 96. Benedict was accompanied by his long-time secretary Archbishop Georg Gaenswein, a doctor, a nurse, a police official and a personal […]

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Germany puts neo-Nazis on trial for pro-refugee politician murder

Two far-right supporters appear in court over case prosecutors believe to be motivated by ‘racism and xenophobia’. A trial of two neo-Nazis has begun in Germany over the murder of pro-refugee politician Walter Lubcke, in a case that highlighted the growing threat of far-right violence in the country. The main suspect, Stephan E, 46, appeared before the higher regional court […]

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