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#European Union
airbnb
Airbnb doubles in debut

Airbnb saw its share price more than double in its public market debut on Thursday. The EU budget and Recovery Fund were finally agreed and on the same day the European Central Bank added 500 billion euros to its bond-buying program.

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Euro reprieve before ECB meeting

The euro bounced and the dollar dropped, which helped ease the Brexit woes hurting the pound. Tech stocks rebounded from their steep selloff helping global markets recover despite some disappointing vaccine news. Today it’s the ECB meeting.

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LME blocks Russian metals trading

Gold and other precious metals jumped after the London Metal Exchanged banned the trading of new Russian platinum and palladium. The euro gained after Macron won the first round of the French presidential election.

euroeuro
Waiting for EU Recovery Fund

The euro is stalling under 1.19 awaiting the approval of the EU recovery fund. Treasury Secretary Mnuchin is not extending Fed emergency programs. New restrictions in New York and California saw US stock markets close lower Friday.

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European indices slump 2% with new lockdown restrictions

Markets tumbled again on Thursday as tighter lockdown measures in Europe added to nerves already frayed by delayed vaccine trials, earnings and election uncertainty and no progress on a US stimulus package.

euroeuro
Aussie rebounds after election

The Australian dollar rose alongside other major currencies versus the US dollar, which extended its drop from last week. US stocks bounced off their bear market lows.