EEA News and Press, The European Equity Fund Inc. From 11/09/20

The first interim efficacy analysis of the large-scale Phase 2/3 clinical trial evaluating Pfizer and BioNTech's COVID-19 vaccine candidate, BNT162b2, showed it to be more than 90% effective seven days after the second dose in preventing infection in participants with no evidence of prior SAR...

Likely catalysts behind the market selloff in the U.S. and Europe. Could new lockdowns in Europe derail the region’s economic recovery? China announces new five-year economic plan. For further details see: Non-U.S. Stocks: A Potential Opportunity Amid The Market M...

U.S. and European equities have continued to tumble, and the halting of economic activity in Europe will likely cause a double-dip recession that is very bad for risk assets. Amid the dip in markets, Pentair and Ford have beat earnings expectations, showing that there are still compan...

Japan reported September CPI was unchanged from a year ago after a 0.2% in the 12 months through August. Germany's manufacturing PMI rose to 58.0 from 56.4, which was better than expected. Markit reports its preliminary PMI for the US today. Manufacturing is expected to have edged...

The dollar is consolidating yesterday's losses. Equities are lower, and benchmark yields are little changed. The S&P 500 is trading a little lower following yesterday's 0.2% decline. Gold rose almost 1% yesterday, the most in a couple of weeks, on the back of the weaker do...

The dollar is falling against most of the world's currencies today. Sterling and the Norwegian krone are leading the majors higher. The Chinese yuan extended its gains and is now at the best level since July 2018. In Asia, most of the large markets gained, but China, India, an...

On December 31, 2020, the U.K. will leave the EU and, hopefully, embark on a new, independent relationship. The U.K. cannot abandon the EU. The EU is the U.K.'s largest trading partner, receiving 43% of the U.K.'s exports. A crash-out remains a huge economic and political risk for...

China's economy expanded by 2.7% in Q3, a little below the Bloomberg survey median forecast of 3.3%, and Q2 growth was revised to 11.7% from 11.5%. The UK has been struck by a resurging virus, the lack of progress with EU trade talks, and the pre-weekend downgrade by Moody's. In a...

The central banks have increased their assets by 38.5% in the last twelve months, which has had a profound effect on both the bond and equity markets globally. They have pushed down interest rates for their nations, in an attempt to control the debt of their respective governments, as...

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?