
European Markets Hit Lowest Levels in Months amid Growing Inflation
The day’s trading was marked by mediocrity, with the European markets generally treading water before closing in the red.
The day’s trading was marked by mediocrity, with the European markets generally treading water before closing in the red.
European markets remained flat on Tuesday as all eyes are on Jerome Powell’s imminent congressional statement.
The European stocks have experienced more headwinds in the past few months after the Kremlin imposed an indefinite oil cut-off to Eurozone countries.
As Bitcoin (BTC) and Ethereum (ETH) are classified as taxable assets by the US tax authorities, the proposed capital gains tax will also impact crypto investors who have held and earned returns on their digital currencies for a year now.
While the growth of economies is tied to these vaccines’ timely distributions, the markets will attempt to trail and break new territories with this headstart into the year.
The growth currently observed in the global stock market may be the tip of the iceberg compared to the period when a vaccine will be approved by authorities around the world and will go into wider circulation.
The chances for both the U.S. and the European stock futures to dip after recording surge are high as stimulus packages in the two nations are not going as expected.
The coronavirus pandemic isn’t at all taking it easy on European markets as well as travel stocks. Both are seriously bleeding. People are panicking and waiting for signs of improvement.
European stocks have crashed after U.S. President Donald Trump imposed a ban on travel from several countries in Europe. Travel volume has also plunged.
In response to a possible resolution of the U.S.-Iran conflict, even though it could be temporary, we can observe notable changes in the markets.