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Market Overview - Page 169


Nasdaq futures slip after a sell-off in Big Tech pushes stocks off records
Nasdaq futures slip after a sell-off in Big Tech pushes stocks off records.

Nasdaq futures slipped early Tuesday morning after investors punished Big Tech stocks during the regular session and pushed both the Dow Jones Industrial Average and the S&P 500 off record levels. S&P 500 futures traded 0.8% lower, while those tied.

Big Oil and its green ambitions could be about to get a serious reality check
Big Oil and its green ambitions could be about to get a serious reality check.

The month of May promises to be a ground-breaking one for Big Oil. Oil and gas majors on both sides of the Atlantic are preparing to hold their annual shareholder meetings in the coming weeks. It comes at a time.

Pound rallying on the doomed Scottish referendum, strong home prices
Pound rallying on the doomed Scottish referendum, strong home prices.

GBPUSD is rallying, adding more than 1% today up to 1.4150 on reports that UK Prime Minister Boris Johnson has ruled out the possibility of a Scottish referendum. However, the elected Scottish leader Nicola Sturgeon says a new referendum is.

More pressure for the dollar
More pressure for the dollar.

Friday’s US labour market report delivered a notable blow to the dollar, likely confirming the prevailing downward trend in the near term. The US labour market added 266K jobs for April, down sharply from 770K a month earlier and from.

Shockingly weak US job growth pushing USD down further
Shockingly weak US job growth pushing USD down further.

The US employment report shockingly shows an increase in employment of only 266K for April. This is around four times lower than average forecasts had suggested. Manufacturing lost 18K jobs while construction kept the number of employees. The total private.

Dollar bears and stock bulls take the upper hand
Dollar bears and stock bulls take the upper hand.

The US markets ended Thursday’s trading strongly, creating positive momentum for trading on Friday. If the US labour market report does not lead to a big disappointment, we could say that the recent period of mixed market performance and the.

Russia authorizes use of ‘Sputnik Light,’ a one-shot Covid vaccine it says is 79% effective
Russia authorizes use of ‘Sputnik Light,’ a one-shot Covid vaccine it says is 79% effective.

Russia on Thursday authorized the use of a one-shot coronavirus vaccine called “Sputnik Light,” according to the country’s sovereign wealth fund, a move designed to boost vaccine supplies in countries with surging infection rates. The Russian Direct Investment Fund said.

U.S. weekly jobless claims drop below 500,000; layoffs lowest since 2000
U.S. weekly jobless claims drop below 500,000; layoffs lowest since 2000.

The number of Americans filing new claims for unemployment benefits fell below 500,000 last week for the first since the COVID-19 pandemic started more than a year ago, signaling the labor market recovery had entered a new phase amid a.

Facebook and Signal are fighting over an ad campaign
Facebook and Signal are fighting over an ad campaign.

Facebook, the world’s largest social media platform, found itself in a public dispute with communications app Signal this week over an ad campaign. The encrypted messaging service — a non-profit that rivals Facebook-owned WhatsApp — said in a blog on.

Global COVID-19 death toll more than double official estimates – IHME
Global COVID-19 death toll more than double official estimates – IHME.

The COVID-19 pandemic has caused nearly 6.9 million deaths across the world, more than double the number officially recorded, a new analysis from the University of Washington’s Institute for Health Metrics and Evaluation (IHME) estimated. Deaths go unreported as most.

Bank of England governor warns inflation will be ‘a bit bumpy’ this year, but no cause for alarm
Bank of England governor warns inflation will be ‘a bit bumpy’ this year, but no cause for alarm.

The governor of the Bank of England on Thursday warned inflation was likely to be “a bit bumpy” this year, but insisted there was little reason to panic over the medium term. His comments come shortly after the central bank.

US jobless claims fell, pointing to the strong monthly NFP report
US jobless claims fell, pointing to the strong monthly NFP report.

There is a new sign of labour market strength in the USA with a fall in weekly jobless claims to 498K, the lowest number since March 2020. The fall accelerated markedly in April, and this is yet another reason for.

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