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Stocks sink as investors await earnings, U.S. data Via Reuters: Global stock markets sank on Monday as investors waited to see whether U.S. earnings would justify sky-high valuations, while a rally in bonds could be tested by what should be strong readings for U.S. inflation and retail sales this week. MSCI’s All Country World Index, which tracks stocks across 49 countries, was down 0.25% after the start of European trading, […]

Dollar steadies after week of falls Via Reuters: The dollar recovered slightly on Friday but was still heading for its softest week of the year after surprisingly weak U.S. jobs figures the previous day and ongoing loose Federal Reserve policy prompted investors to trim their bets. The greenback is on track for a nearly 1% weekly fall against a basket of major currencies, although it edged up a quarter of […]

Volvo, SSAB plan first fossil-free steel trucks on road to carbon neutrality Via Reuters: Swedish truck maker AB Volvo and steel maker SSAB have signed an agreement to produce the world’s first vehicles made of fossil-free steel, the companies said on Thursday. Volvo plans to start production this year of prototype vehicles and components from steel made by SSAB using hydrogen produced from renewable energy. Small-scale serial production will start […]

Dollar trades near two-week low as U.S. yields fall Via Reuters: The U.S. dollar traded near its lowest in more than two weeks versus major peers on Thursday, tracking Treasury yields lower, after minutes of the Federal Reserve’s March policy meeting offered no new catalysts to dictate market direction. Fed officials remained cautious about the risks of the pandemic - even as the U.S. recovery gathered steam amid massive stimulus […]