EEA News and Press, The European Equity Fund Inc. From 10/17/20

Could new COVID-19 lockdowns in Europe threaten the region's recovery? Potential U.S. election outcomes and impacts. Behind the September U.S. retail sales report. For further details see: Second COVID-19 Wave Hits Europe. What Are The Potential Economic Implications?

The firm close in US equities failed to carry over much to Asia-Pacific trading earlier today. Only Hong Kong and Indian equities gained. The tragic resurgence of the virus is likely to resolve the apparent debate at the ECB. Three successive gap-higher openings are a sign of an o...

U.S. equity markets have been in a holding pattern since early September, but we’ll likely see a relief rally following the election. Yield curve control will make the environment very hard to price and the safety valve for the inflation play will be precious metals. Europe...

Led by a 2% drop in Hong Kong, Asia-Pacific equities tumbled, with the exception of Australia. The Dow Jones Stoxx 600 is off for a third day, but the nearly 2.2% decline is the largest drop since September 21. US shares are also lower. The dollar is gaining across the board. ...

In China, the September surplus fell to $37 bln from almost $59 bln. The median forecast in the Bloomberg survey was for a $60 bln surplus. European stocks are struggling a bit, and the consolidative tone is threatening to end the three-day advance. The US reports September CPI. T...

Positive economic data from Europe and the U.S. Powell calls for more U.S. fiscal stimulus. Strong week for small cap U.S. cyclical stocks. For further details see: U.S. Services Sector Employment Expands For First Time In COVID-19 Era

European equity markets are still struggling to overcome the effects of the pandemic. Europe's aerospace industry is facing unprecedented distress. Before COVID-19, Europeans hadn't embraced online shopping as much as American or Asian consumers. For further details see: ...

Chinese markets re-opened with a bang. Shanghai led the Asia Pacific bourses higher with a 1.7% gain, and the onshore yuan rose 1.1%. Gold has rallied more than 1% today to about $1916, putting it within striking distance of the week's high set on October 6 near $1921. For furth...

Japan reported a larger than expected balance of payments surplus in August of JPY2.1 trillion. Within it, the trade surplus rose to JPY413 bln, the largest since March. The RBNZ recognized that its dual mandate on inflation and employment is elusive and would not be met for at least ...

Eurozone PMI at three-month low as rebound shows signs of stalling. Stronger upturn in manufacturing offset by renewed fall in service sector activity. Of the four largest euro members, only Germany saw sustained recovery. Spain suffered largest hit amid fresh Covid-19 worries. ...