blog

Eurozone worries still pressure stocks

Markets are having difficulty establishing a bullish platform as continuing worries over the eurozone counteract news of more monetary easing in China.

(FINANCIAL TIMES) LONDON - The FTSE All-World equity index is down 0.4 per cent as the FTSE Eurofirst opens with a loss of 0.8 per cent and Asia is off 0.4 per cent.

S&P 500 futures point to Wall Street falling 0.4 per cent later in the day, on course to close at its lowest mark in nine weeks. Gold is down 0.1 per cent to $1,577 a troy ounce, close to its cheapest this year.

Overall, the mood is once again risk-averse, as can be gauged by the performance of traditional barometers. The dollar index, which tends to be inversely correlated to trader optimism, is up 0.2 per cent, while money is moving into highly rated fixed income, with yields on US 10-year bonds down 2 basis points to 1.82 per cent.

READ MORE

You've reached your monthly limit of free articles.
To read the full article, please subscribe.
Get unlimited access. Support Worldcrunch's unique mission:
  • Exclusive coverage from the world's top sources, in English for the first time.
  • Stories from the best international journalists.
  • Insights from the widest range of perspectives, languages and countries
Already a subscriber? Log in
Keep up with the world. Break out of the bubble.
Sign up to our expressly international daily newsletter!
Coronavirus

Why U.S. Vaccine Diplomacy In Latin America Makes "Good" Sense

Echoing its cultural diplomacy of the early 20th century, the United States is gifting vaccines to Latin America as part of a renewed "good neighbor'' policy.

Waiting to get the vaccine in Nezahualcoyotl, Mexico

Andrea Matallana

-Analysis-

BUENOS AIRES — Just before and during World War II, the United States' Good Neighbor policy proved a very effective strategy to improve ties with Latin America. Initiated by President Franklin D. Roosevelt, the policy's main goal was non-interference and non-intervention. The U.S. would instead focus on reciprocal exchanges with their southern neighbors, including through art and cultural diplomacy.

Keep reading... Show less
Keep up with the world. Break out of the bubble.
Sign up to our expressly international daily newsletter!
You've reached your monthly limit of free articles.
To read the full article, please subscribe.
Get unlimited access. Support Worldcrunch's unique mission:
  • Exclusive coverage from the world's top sources, in English for the first time.
  • Stories from the best international journalists.
  • Insights from the widest range of perspectives, languages and countries
Already a subscriber? Log in
THE LATEST
FOCUS
TRENDING TOPICS
MOST READ