Growth Fears, ECB, Jobless Claims, Olympics Blow - What's Moving Markets

OPEC+ Impasse: What That Means For Oil Prices, Production Going Forward

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📚 Daily Digest  |  Thursday, Jul 8, 2021

Growth Fears, ECB, Jobless Claims, Olympics Blow - What's Moving Markets

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The European Central Bank unveils its new monetary policy strategy, but may still struggle to convince markets it can deliver on it. Weekly jobless claims are expected to fall to a new post-pandemic low. Stock futures tumble as investors unwind bets on growth and inflation in response to the minutes from the Federal Reserve's latest meeting, and the Olympic Games will take place with no spectators due to rising Covid-19 cases. U.S. oil inventory data are also due. Here's what you need to know in financial markets on Wednesday, July 8th.

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Stock Market LinkDoc becomes first Chinese firm to shelve U.S. IPO after Beijing's crackdown By Scott Murdoch and Kane Wu HONG KONG (Reuters) -Chinese medical data group LinkDoc Technology Ltd has shelved plans for an IPO in the United States due to Beijing's clampdown on... Economy Treasury Bond Yields Tumble as Growth Worries Mount Dhirendra Tripathi Investing.com – Treasury yields were headed lower Thursday with the 10-year United States 10-Year falling 7 basis points to 1.25%, a level not seen since... Economy ECB Unveils Symmetric 2% Inflation Goal That Allows Overshoot (Bloomberg) -- The European Central Bank raised its inflation goal and signaled it may treat deviations above and below the target with equal vigor, the outcome of a strategy... Economic Indicators EU house prices post biggest annual increase since 2007 BRUSSELS (Reuters) - House prices in the European Union rose by 6.1% in the first quarter of this year from the same period of 2020, their biggest gain since 2007, the bloc's...

Today's Top Analysis

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