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#European Union
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.

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.

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.

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.

EUR/GBP cup & handle

The British pound has accelerated lower on Brexit concerns while the euro has found renewed strength after a hawkish ECB meeting. Big tech stocks were struggling again and Indonesian markets were rattled by capital Jakarta entering partial lockdown.

NZD/USD has biggest drop in a year

The Kiwi dollar led the losses across currency markets after the NZ government announced plans to curb runaway house prices. The greenback was the clear winner, reaching a 2-week high while the price of oil slumped another 6%.