Opening with rises in the European stock markets after the positive closing of Wall Street yesterday. The Dow Jones rose 0.35% after the start of the vaccination campaign against covid-19 in the United Kingdom, which has raised hope that recovery is possible. The selective S&P 500 was up 0.28%; while the composite index of the Nasdaq market, which brings together the main technology companies, also gained 0.50%.
Frankfurt rises 0.44%; Paris, 0.45%; London, 0.33%, and Milan, 0.84%. The Euro Stoxx 50 rallied 0.37%.
As announced by various media, the US Secretary of the Treasury, Steven Mnuchin, presented yesterday to the Democratic leader of the House of Representatives, Nancy Pelosi, a fiscal stimulus plan amounting to 916,000 million dollars to fight against the coronavirus, which includes help for state and local governments. The plan is somewhat higher than the bipartisan proposal of 908,000 million announced a few days ago, and contains 160,000 million in state and local aid. In addition, Mnuchin’s offer includes liability protection and stimulus checks that were not included in the bipartisan proposal.
The attention of the European stock markets is still on the negotiations on the Brexit throne.
Comments surrounding a chaotic British farewell to the European Union were multiplying on Tuesday, with just three weeks to go to break a deadlock in trade deal negotiations, and Prime Minister Boris Johnson cautioned that both sides are likely to they must accept that there will be no deal.
EU chief negotiator Michel Barnier told a meeting of the bloc’s ministers that he believes a no-deal scenario at the end of the year is more likely now than a pact on trade relations, an EU official and two diplomats told Reuters. .
Irish Prime Minister Micheál Martin deepened the grim picture, saying that unless there is a breakthrough “in the next day or two,” EU leaders meeting in Brussels on Thursday and Friday will have to discuss plans to contingency to face the economic disturbance that would cause a breakdown without a trade agreement.
Johnson will meet Ursula von der Leyen, president of the European Commission – the executive arm of the EU – for dinner in Brussels on Wednesday and try to close the gaps that his negotiators have been struggling with for months.
The European stock markets advance after the start of vaccinations against the coronavirus in the continent. Specifically, a 90-year-old grandmother became the first person in the world to receive a fully tested COVID-19 vaccine on Tuesday, the day the United Kingdom began massively immunizing its population, an effort proposed by one of the greatest logistical challenges in peacetime history.
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Health workers began inoculating the most vulnerable with an injection developed by Pfizer and BioNTech, in which it will be a test case for the worldwide distribution of a compound that must be stored at minus 70 degrees Celsius.
The launch of the vaccine, one of three that reported successful results in large-scale trials, fuels hope that the world may turn around in the fight against a pandemic that has killed more than 1.5 million people.
The euro advances against the dollar and is exchanged at 1,212 greenbacks.
German exports rose in October and foreign trade gave a boost to Europe’s largest economy in the early fourth quarter as the country struggles to avoid slipping into a second contraction.
Exports rose 0.8% monthly in seasonally adjusted terms after a 2.3% increase in September, the Federal Statistical Office said on Wednesday. Imports increased by 0.3% after an upward revision in the previous month’s figure, to an increase of 0.2%.
The trade surplus widened to 18.2 billion euros.
Economists polled by Reuters had expected exports to rise 1.2% and imports 1.0%, while the forecast for the trade surplus was 18 billion euros.
Factory door prices in China fell at a slower pace in November, adding to signs that the world’s second-largest economy is recovering from the COVID-19 pandemic, but consumer prices they unexpectedly declined for the first time in more than a decade.
The producer price index fell 1.5% compared to the previous year, the National Statistics Office said Tuesday. The drop was less than the 1.8% forecast in a Reuters poll and the 2.1% recorded in October.
The consumer price index (CPI) fell 0.5% in November from a year earlier, after rising 0.5% in October. The index was below even the lowest projection in a Reuters poll, with forecasts ranging from -0.3% to + 0.5%.
The benchmark Brent oil in Europe rose 0.49% to $ 49.09 per barrel, while the US West Texas advanced 0.50% to $ 45.81.
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