Economy

“Stock market starts cautiously due to coronavirus and lockdowns” | Financial

The hopes for more corona support for the US economy spurred a strong start to the new year on the stock exchange last week. President-elect Joe Biden wants to allocate trillions of dollars to get the world’s largest economy through the corona crisis. According to him, the disappointing US job market report released on Friday shows the need for further aid measures for households in the United States.

Job losses in the United States were historically high last year. According to business newspaper The Wall Street Journal, the total number of jobs lost was at its highest level since 1939. In 2020, on balance, some 9.4 million jobs were lost in the US. That is more than the more than 5 million jobs lost in the aftermath of the global financial crisis in 2009.

In Washington, the House of Representatives will vote Monday or Tuesday on a resolution calling on Vice President Mike Pence to call on the 25th Amendment to remove President Donald Trump from office. Democratic Speaker of the House of Representatives Nancy Pelosi has announced that she is ready to start impeachment proceedings against Trump.

On the corona front, about 2 million people in the UK have been vaccinated against the virus. In the Netherlands, where the lockdown will probably be extended by three weeks, the first doses of the corona vaccine from the American company Moderna will arrive on Monday. The European Medicines Agency approved the Moderna drug last Wednesday. It is the second vaccine approved in the EU after the BioNTech / Pfizer vaccine.

On Damrak, Heijmans announced that financial director Hans Janssen will leave the builder on 15 April this year. He switches to dairy company FrieslandCampina.

The European stock markets closed higher on Friday. The AEX index rose 1.3 percent to 645.60 points and the MidKap gained 0.5 percent to 972.79 points. London, Frankfurt and Paris climbed to 0.5 percent. Wall Street ended on new records. The Dow Jones index won 0.2 percent on 31,097.97 points. The broad S&P 500 climbed 0.6 percent and the Nasdaq technology exchange rose 1.3 percent.

The euro was worth $ 1.2183 compared to $ 1.2256 on Friday. The price of a barrel of US oil fell 1.1 percent to $ 51.65. Brent oil cost 1.6 percent less at $ 55.09 a barrel.

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