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November 30, 2021

Economic events

European markets set to soar at the open despite global concern over omicron variant

CNBC
CNBC – For more and to sign up click here LONDON — European stocks are expected to start the new trading week far higher, despite extensive concerns over the newly discovered omicron Covid variant. The U.K.’s FTSE index is seen opening 97 points higher at 7,137, Germany’s DAX 191 points......

Covid developments to rule the market once again in the week ahead after Friday’s rout

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CNBC – For more and to sign up click here Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., October 14, 2021. Brendan McDermid | Reuters Uncertainty about a new emerging coronavirus strain could continue to spook markets, just as Friday’s employment......

Car shopping for Black Friday deals is very different this year. Here’s what to know

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CNBC – For more and to sign up click here David Paul Morris | Bloomberg | Getty Images When it comes to shopping for a new car, this isn’t your typical Black Friday. Deals and discounts that were once plentiful this time of year are harder to come by. An......

Berlin’s new leadership could mean NATO spending rises and U.S. missiles stay in Germany

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CNBC – For more and to sign up click here Members of the German Bundeswehr prepare a Patriot missile launching system during a press day presentation at the Luftwaffe Warbelow training center on December 18, 2012 in Warbelow, Germany. Sean Gallup | Getty Images News | Getty Images Germany’s new......

German central bank warns of overblown property prices with the problem spreading

CNBC Real Estate
Germany’s central bank warned Thursday about skewed valuations in the housing market, calling it a “specific vulnerability” as property prices continue to soar. “We have basically seen all indicators — prices, credit — those indicators kept increasing in Germany and you don’t really see a big effect of the pandemic,”......

How a government shutdown would affect your Dec. 15 child tax credit payment

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CNBC – For more and to sign up click here lisegagne | E+ | Getty Images Millions of American families with kids are set to receive the last of six advance monthly child tax credit payments Dec. 15. Yet, just a few days earlier, Dec. 3, the U.S. government is......

Olaf Scholz replaces outgoing German chancellor Angela Merkel as a new center-left coalition is announced

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CNBC – For more and to sign up click here German Chancellor Angela Merkel (R) and German Minister of Finance Olaf Scholz attend a cabinet meeting at the German chancellery on August 19, 2020 in Berlin, Germany. Pool | Getty Images News | Getty Images A coalition deal has been......

With rising inflation and a hot housing market, here’s what you need to know about buying a home right now

CNBC Real Estate
A real estate agent stands in the doorway as Giovani and Nicole Quiroz of Brooklyn, New York visit an open house in West Hempstead, New York. Raychel Brightman | Newsday LLC | Newsday | Getty Images Higher prices are almost everywhere. Americans are paying more these days for products like......

Treasury yields fall as investors digest Powell renomination

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CNBC – For more and to sign up click here U.S. Treasury yields fell on Tuesday morning, as investors continued to digest the news that Jerome Powell had been renominated to the role of Federal Reserve chair. The yield on the benchmark 10-year Treasury note fell by less than a......

Stock futures are mildly lower after rout in tech stocks

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CNBC – For more and to sign up click here U.S. stock futures were mildly lower in early morning trading on Tuesday after a tech-focused sell-off spurred by rising bond yields that saw the Nasdaq Composite drop more than 1%. Dow futures shed 33 points. S&P 500 futures and Nasdaq......

Treasury yields rise after Biden picks Powell over Brainard for top Fed post

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CNBC – For more and to sign up click here U.S. Treasury yields rose Monday after President Joe Biden renominated Jerome Powell for a second term as Federal Reserve chair. The yield on the benchmark 10-year Treasury note climbed by 6.2 basis points to 1.598% by 12:10 p.m. ET. The......

If you don’t get a 6% raise, are you taking a pay cut due to inflation? Here’s what experts say

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CNBC – For more and to sign up click here A worker helps a customer at the Presidente Supermarket in Miami on April 13, 2020. Joe Raedle | Getty Images Workers across the U.S. are wondering how rising inflation might be impacting their take-home pay. Inflation has risen more than......

Stock futures are flat ahead of more retail earnings reports

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CNBC – For more and to sign up click here Stock futures were flat in overnight trading Tuesday ahead of earnings reports from big-box retailers Target and Lowe’s. Futures on the Dow Jones Industrial Average added 25 points. S&P 500 futures were little changed and Nasdaq 100 futures traded near......

Stock futures little changed as investors await economic data, earnings

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CNBC – For more and to sign up click here U.S. stock index futures were little changed in early morning trading Tuesday, after the major averages started the week with muted moves as investors digested a jump in yields. Futures contracts tied to the Dow Jones Industrial Average gained just......

Europe should be wary of possible new Covid variants, the bloc’s economics chief says

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CNBC – For more and to sign up click here Paolo Gentiloni, European commissioner for the economy, speaking at Forum The European House – Ambrosetti in September, 2020. Michael Green | CNBC BRUSSELS — New variants of the coronavirus could still derail the growth rebound seen in Europe, according to......

Germany was once praised for its Covid response. Now it’s seeing 50,000 cases a day, prompting a dramatic warning

CNBC
CNBC – For more and to sign up click here Medical staff take care of a Covid-19 patient in the Covid-19 intensive care unit of the community hospital (Klinikum Magdeburg) in Magdeburg, eastern Germany, on April 28, 2021. RONNY HARTMANN | AFP | Getty Images Germany was once seen as......

China’s property market debt could weigh on the country for years, economist George Magnus warns

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CNBC – For more and to sign up click here Vehicles drive by unfinished residential buildings from the Evergrande Oasis, a housing complex developed by Evergrande Group, in Luoyang, China September 16, 2021. Carlos Garcia Rawlins | Reuters The debt problems facing China’s property sector are likely to cause a......

Stock futures are flat after major averages close at records amid infrastructure optimism

CNBC
CNBC – For more and to sign up click here U.S. stock index futures were little changed during overnight trading on Monday after the major averages closed at records, boosted by strength in infrastructure stocks. Futures contracts tied to the Dow Jones Industrial Average dipped 23 points. S&P 500 futures......

Dow futures are little changed after a record close on Friday

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CNBC – For more and to sign up click here Traders work on the floor of the New York Stock Exchange (NYSE) on October 25, 2021 in New York City. Spencer Platt | Getty Images Stock futures idled in overnight trading after the major U.S. market indexes reached record highs......

Biden lauds strong October jobs report as House works toward votes on big economic bills

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CNBC – For more and to sign up click here US President Joe Biden delivers remarks on the October jobs report from the State Dining Room of the White House in Washington, DC on November 5, 2021. Brendan Smialowski | AFP | Getty Images WASHINGTON – President Joe Biden lauded......

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