Market Overview - Page 189

The tanker blocking the Suez Canal provided much-needed help for oil, stopping a sell-off and restoring growth. Thanks to the tanker incident, the price received support on the downside towards 60/bbl Brent. On the tech analysis side, oil received a.

Oil prices fell more than 1% as fresh coronavirus lockdowns revived worries about demand for oil products, even as tug boats struggled to move a stranded container ship blocking crude oil carriers in the Suez Canal. Brent crude futures slid.

They call it “max pain” in the bitcoin options market: How to make one’s trading counterparty suffer the most. Although the largest cryptocurrency was changing hands Wednesday around $56,500, traders were handicapping the odds of a plunge to about $44,000.

The massive container ship that ran aground in the Suez Canal, halting traffic in one of the world’s busiest waterways, is still stuck after little progress appeared to be made on Wednesday to dislodge the ship. The ship, called the.

As Bitcoin markets begin to form another daily red candle, its market capitalization has dropped back below $1 trillion once again. The third major correction in the current bull market is deepening and prices are already down 12.5% from their.

Asian equities bounced between gains and losses on Thursday as a selloff in Chinese technology shares due to concerns they will be de-listed from U.S. bourses and worries about a semiconductor shortage rattled some investors. MSCI’s broadest index of Asia-Pacific.

Shares in dual-listed Chinese companies fell sharply on Thursday in Asia after the U.S. securities regulator adopted measures that would kick foreign companies off American stock exchanges if they do not comply with U.S. auditing standards. The move by the.

AstraZeneca issued updated phase three trial data for its Covid-19 vaccine on Wednesday after facing accuracy questions earlier this week surrounding a preliminary report from its U.S. study. The company now says its vaccine is 76% effective in protecting against.

Futures contracts tied to the major U.S. stock indexes rose in the overnight session Wednesday evening after pressure on technology stocks sent the Nasdaq Composite down 2% during the regular session. Dow futures rose 70 points, while contracts tied to.

Today is PMI day when IHS Markit publishes the preliminary estimates for March for a host of major economies, and the European figures are exceeding expectations. Flash Manufacturing PMI for Germany, the eurozone’s locomotive, rose to 66.6, a record high.

Key US and European stock indices are under moderate pressure on Wednesday, while tensions are rising in emerging markets. The Chinese FTSE A50 and H-shares indices have lost 1.5% and 2.5% so far today, reflecting a U-turn in global investor.

Digital-asset traders and analysts were scrambling Tuesday to assess a fresh data point extracted from the Bitcoin blockchain: Some $806 million worth of the cryptocurrency apparently transferred earlier in the day off of the Coinbase exchange’s institution-focused unit, Coinbase Pro..