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Dow Ekes Out Positive Close on Rescue From Value Stocks By Investing.com

By Yasin Ebrahim Investing.com – The Dow closed just above the flatline Monday, after shedding its intraday losses supported by rising value stocks as expectations for further stimulus and the ongoing reduction in virus cases stoked optimism over the economic outlook. The Dow Jones Industrial Average rose 0.1%, or 29 points. The S&P 500 was down 0.77%, while the Nasdaq Composite slumped 2.46%....

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Home Depot Profit, Consumer Confidence, Fed Testimony: 3 Things to Watch By Investing.com

By Liz Moyer Investing.com -- The reopening trade is on. While the Dow Jones Industrial Average rose on Monday, the tech-heavy NASDAQ Composite shed more than 2% as value stocks replaced growth stocks as the top investor choice. President Joe Biden’s $1.9 trillion stimulus plan cleared the House committee and is headed to a full vote on the floor. The news, plus improving trends...

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BoE’s Vlieghe does not expect to see rates at pre-2008 levels during his lifetime By Reuters

LONDON (Reuters) - Bank of England policymaker Gertjan Vlieghe said on Monday that he did not expect British interest rates to return to levels common before the 2008 financial crisis during his lifetime, due to long-term demographic pressures. Vlieghe, 49, said that increasing life expectancy and longer periods of retirement had boosted demand for assets, pushing down long-run interest rates in most...

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UK PM Johnson: we’re always looking to source more vaccines By Reuters

LONDON (Reuters) - Britain has sufficient vaccine supplies but is always looking to source more, Prime Minister Boris Johnson said on Monday. "We do believe we have the, the supplies in place to keep up that rhythm and that timetable," Johnson told a news conference. "Obviously, we're looking the whole time to source more where we can from our suppliers according...

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Canada shares higher at close of trade; S&P/TSX Composite up 0.34% By Investing.com

Investing.com – Canada equities were higher at the close on Monday, as gains in the Energy, Materials and Financials sectors propelled shares higher. At the close in Toronto, the S&P/TSX Composite added 0.34%. The biggest gainers of the session on the S&P/TSX Composite were MEG Energy Corp (TSX:MEG), which rose 14.29% or 0.84 points to trade at 6.72 at...

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Cinema Stocks Surge as Movies Set to Reopen In NYC at Reduced Capacity By Investing.com

AMC and several other cinema related stocks rallied Monday after New York Governor Andrew Cuomo said that movie theaters in the city will be allowed to reopen with reduced capacity on Mar. 5. AMC Entertainment (NYSE:AMC) was up 13%, and Imax (F:IMX), Cinemark Holdings Inc (NYSE:CNK) and National CineMedia Inc (NASDAQ:NCMI) were sharply higher.  Cinemas will be allowed to reopen at 25% capacity, and restrictions...

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UK car sector laments showroom closures in key selling month of March By Reuters

LONDON (Reuters) - Plans announced by Prime Minister Boris Johnson on Monday to keep car showrooms in England closed to the public during the key selling month of March as part of COVID-19 measures are "deeply disappointing", a trade industry body said. Johnson earlier set out how the government plans to lift lockdown measures, including the reopening of non-essential retail outlets,...

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Work from home: Offices to remain deserted for months in Britain By Reuters

By Guy Faulconbridge LONDON (Reuters) - Offices and workspaces across England are likely to remain deserted for months longer under British Prime Minister Boris Johnson's plan for a phased restart of the battered economy after the artificial slumber of the COVID-19 lockdown. Counting houses and skyscrapers across London's skyline - from the hedge funds of Mayfair and the lawyers' chambers of Holborn...

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