This week Apple, Microsoft, Google, Facebook, Pfizer, and other large US companies will deliver earnings reports…
European shares start higher on Greek bailout news
On Friday, European shares started higher, reacting to news of fresh bailout funds for Greece, while market participants were monitoring Sunday’s round of the French parliamentary elections.
During European morning trade, the EURO STOXX 50 managed to gain 0.40%, Germany’s DAX 30 jumped 0.36% and France’s CAC 40 grew 0.76%.
European equities surged right after the International Monetary Fund along with the euro zone's 19 finance ministers supported a payout of €8.5 billion to Greece just to prevent another debt meltdown.
However, the IMF told that it’s not going to disburse the money until the euro zone illustrates debt relief measures, which aren’t expected until 2018.
Besides this, this Sunday French President Emmanuel Macron is braced for grasping a persuasive majority in the second round of the parliamentary election.
The FTSE 100 managed to soar 0.34% in London, underpinned by Tesco. Its stocks went up 0.97% after saying first-quarter sales surge beat analysts’ hopes.
Virgin Galactic’s Branson flew to space, but the stock of Virgin Galactic (SPCE) dropped. Why?
Virgin Galactic (SPCE) will launch Richard Branson to space on July 11, aiming to beat Jeff Bezos.
The Fed held a much-awaited meeting yesterday. The bank hasn’t made any policy changes. As a result, the USD weakened and EUR/USD rocketed. Jump in to know all the latest news!
What will happen? The US Q2 Gross Domestic Product will be announced at 15:30 MT time (GMT+3) on Thursday, July 29…
Today the Fed will make a policy statement at 21:00 GMT+3. This event will affect all the currency pairs with the USD and thus almost the all Forex market!