European stocks trade higher after worst session in 3 months
European stocks edged higher Tuesday after their worst one-day performance in more than three months, as the Continent faces tighter economic restrictions due to rising cases of coronavirus.The U.K. FTSE 100 UKX, +0.30%, German DAX DAX, +1.10% and French CAC 40 PX1, +0.42% each edged higher.
Federal Reserve Chairman Jerome Powell will appear with U.S. Treasury Sec. Steven Mnuchin in front of a House committee to discuss the largely unspent credit facilities, though he may address other topics. In prepared remarks, Powell said activity has picked up from its depressed second-quarter level, when much of the economy was shut down, but the path forward will “come only when people are confident that it is safe to reengage in a broad range of activities.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
European markets head for higher open, rebounding from coronavirus concernsEuropean stocks are expected to open higher Tuesday, bouncing back from Monday's losses on coronavirus concerns and bank allegations.
Read more »
These Confederate statues were removed. But where did they go?More than 130 Confederate monuments and other historic statues were taken down amid calls for racial justice over the past 4 months. But no matter how the monuments were removed, most communities remain stuck in a common struggle: what to do with them.
Read more »
Dow Falls 600 Points Amid Resurgence In Coronavirus CasesFears over a second wave and more government lockdowns caused stocks to plunge.
Read more »
Dow Falls 600 Points Amid Resurgence In Coronavirus CasesThe Dow fell 600 points today amid the resurgence in coronavirus cases by skleb1234
Read more »
Here's how FedEx shares can double to $500, according to CitiNew for subscribers: Here's how FedEx shares can double to $500, according to Citi Check out CNBCPro today.
Read more »
European bank stocks slide after money-laundering allegations; Dow futures slide 400 pointsShares of Europe's top banks dropped on Monday, after the publication of reports alleging they kept doing business with customers they suspected of money...
Read more »