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Added on the 06/02/2018 05:40:00 - Copyright : Euronews EN
The U.S. economy's readiness - or not - for an interest rate rise is likely to once again take the global economic spotlight in the coming week, just a month before the U.S. presidential election. And many will also be watching the British pound - which took a pasting last week. Ciara Lee reports.
Fears Britain is on the verge of voting to leave the European Union next week spread through global financial markets, sending Asian and European shares sharply lower and the pound to an 8-week low. Ivor Bennett reports
Asian markets falling on Tuesday to multi-year lows alongside a global sell-off prompted by soft commodity prices and increased pressure from the slowing Chinese economy. Ryan Brooks reports.
U.S. stocks ended the day lower on Friday as concerns over Greece as well as when the Federal reserve might raise interest rates weighed on markets. Leah Duncan reports.
Tokyo, Jun 21 (EFE/EPA).- Tokyo's stock market index Nikkei plunged 3.29 percent, or 953.15 points, to close at 28,010.93 Monday following investors' concern over a potential US interest rate increase. (Camera: FRANCK ROBICHON).SHOT LIST: PEOPLE WALK PAST A STOCK MARKET INDICATOR BOARD IN TOKYO, JAPAN.
On Tuesday, global stocks jumped after Donald Trump authorized President-elect Joe Biden's presidential transition process to begin. On Monday, Trump took a significant step toward acknowledging the election result. However, Business Insider reports, he is still convinced he and his allies can continue to contest the outcome. Another key factor driving the boost is Biden's planned nomination for former Federal Reserve chair Janet Yellen as Treasury Secretary. AstraZeneca's vaccine is helping drive oil prices to their highest levels since March.
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