empty
20.01.2021 03:16 PM
Stock Europe marked growth amid Biden's inauguration

This image is no longer relevant

Europe stock exchanges recorded a positive trend on Wednesday morning. The major stock indices exhibited growth, while the attention of market participants is directed to political events in the United States of America and the main event of the day which is the official inauguration of President-elect Joe Biden.

Market participants perked up ahead of the possible adoption of broader fiscal stimulus to support America's economy. Now on the agenda is a more detailed breakdown of the stimulus package proposed by President Biden last week. Recall that the total amount of the proposed infusion should amount to $1.9 trillion and include both direct payments to citizens and assistance to individual states of the country and much more. Of particular interest is the fact that the supplemental unemployment benefits will be extended, and the supplements themselves will be increased, since this is recognized as an effective measure that can level the crisis in the employment sector caused by the coronavirus pandemic.

The first calls that the expanded incentive program has every chance of official ratification appeared just yesterday. In particular, candidate for US Treasury secretary, Janet Yellen, made an active call to launch large-scale actions to support the state's economy and accelerate the recovery from the crisis. Yellen explained that the authorities are not going to make the national currency weaker in order to gain additional competitive advantages in international markets. All attempts to artificially manipulate the dollar will be nipped in the bud.

Meanwhile, internal statistics on changes in the economies of European states cannot be considered positive. The statistics on the inflation rate in the UK was released on Wednesday, which shows an acceleration in the indicator. The level of consumer prices in the state for the last month of 2020 turned out to be 0.6% higher compared to the same indicator recorded a year earlier. It is worth considering the fact that in November 2020, that is, a month earlier, the price level increased by 0.3%. According to the preliminary forecast of experts, in December there should also have been an increase of 0.5% on average, but everything turned out to be completely different.

The level of deflation in the EU countries at the end of last year retained its previous value, which is consolidating around 0.3%. At the same time, in this case, the opinion of analysts turned out to be fair, since they had warned in advance that changes in the indicator should not be expected.

The general index of large enterprises in the European region STOXX Europe 600 increased by 0.55% by morning, which sent it to a new level of 410.17 points.

The UK FTSE 100 Index is up 0.27%. The German DAX index jumped 0.61%. France's CAC 40 index rose 062%. Italy's FTSE MIB Index climbed 0.77% and is now the largest growth in the region. Spain's IBEX 35 Index was up 0.12%.

Maria Shablon,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Boeing climbs, Best Buy falls as investors rebalance across sectors

Best Buy shares fell after the company cut its full-year sales and earnings forecasts. Boeing, on the other hand, gained ground as its CEO announced plans to ramp up production

13:49 2025-05-30 UTC+2

US Market News Digest for May 30

The S&P 500 opened the session on a positive note but soon reversed course after officials clarified that previously overturned tariffs would remain in place pending the outcome

Ekaterina Kiseleva 12:20 2025-05-30 UTC+2

Boeing Gains, Best Buy Falls: Why Investors Are Betting on Different Assets

Best Buy Falls After Full-Year Sales, Profit Outlook Shrink Boeing Gains as CEO Looks to Boost 737 MAX Production Japan's Nikkei Lagging as Yen Strengthens on Safe Haven Demand Indices

Thomas Frank 10:10 2025-05-30 UTC+2

US Market News Digest for May 29

Markets reacted to a US Court of International Trade ruling that found the Trump administration's tariff actions exceeded its authority. The decision has introduced fresh uncertainty for the S&P

Ekaterina Kiseleva 11:15 2025-05-29 UTC+2

Stock storm: Nvidia soars, Dow falls, court knocks down Trump tariffs

Nvidia shares up 5% after close; co reports quarterly results Dick's Sporting Goods rises after Q1 results beat expectations US trade court blocks Trump tariffs European stocks rise

Thomas Frank 10:49 2025-05-29 UTC+2

From Nvidia to Xiaomi: What's Driving Stock Market Growth and Decline Today

Indices Rising: Dow 1.78%, S&P 500 2.05%, Nasdaq 2.47% Consumer Confidence Recovers in May Temu Parent PDD Holdings Falls on Quarterly Revenue Slip Chinese Xiaomi Shares Set to Rise 2.3%

Thomas Frank 12:06 2025-05-28 UTC+2

Whoever doesn't risk a recession doesn't reduce the national debt? Trader's calendar on May 29–31

To be at the center of global attention and to "shape the planet's destiny" — that's what Donald Trump enjoys most. For him, it's essential to constantly generate headlines

Svetlana Radchenko 11:47 2025-05-28 UTC+2

US Market News Digest for May 28

The S&P 500 index has broken through the key 5,908 level, signaling the end of its recent correction and opening the door to further upside. A break above the resistance

Ekaterina Kiseleva 11:25 2025-05-28 UTC+2

US Market News Digest for May 27

US President Donald Trump announced a 50% tariff on imports from the EU, yet financial markets responded with restraint. Investors are increasingly adopting a "threat and retreat" strategy, buying stocks

Ekaterina Kiseleva 11:54 2025-05-27 UTC+2

Nvidia on the agenda: markets await quarterly report, dollar nears fifth straight monthly decline

Stock markets showed mixed dynamics on Tuesday after Donald Trump unexpectedly postponed the introduction of the promised 50% tariffs on goods from the European Union. The move only increased uncertainty

Thomas Frank 11:31 2025-05-27 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.