Market Overview - Page 196

U.S. stock futures were mixed early Monday morning and pointed to a cautious open later in the day. That followed last week’s rally that led the Dow and S&P 500 to record highs. Dow futures rose 50 points. S&P 500.

One year since the coronavirus pandemic hit, China’s young people are still having a hard time finding jobs. The unemployment rate for those aged 16 to 24 was 13.1% as of February, far above the national urban jobless rate of.

Financial markets celebrated the signing of the $1.9 trillion bailout package by Biden. Earlier, Yellen had called the package a turning point, promising it will jump-start the economy. The Nasdaq Composite index yesterday added more than 2.5% for the second.

The bitcoin market is back in bull mode but for one key attribute, almost like a missing tooth: low trading volume. Bitcoin’s price on Thursday extended its winning streak to a seventh day as a renewed appetite for risk-taking in.

With BTC again edging toward all-time highs, a large volume of money is flowing into the Bitcoin derivatives markets. According to crypto market data aggregator Glassnode, outstanding futures contracts pushed into new all-time highs on March 11, with open interest.

Brent crude prices eased on Friday but hovered near $70 a barrel as production cuts by major oil producers constrained supply, with optimism about a recovery in demand for the resource in the second half of the year also lending.

Asian shares rose on Friday after U.S. President Joe Biden signed a $1.9 trillion stimulus bill into law, and after a dovish European Central Bank meeting prompted a retreat in bond yields and eased global concerns about rising inflation. But.

Britain’s economy shrank by a less severe than expected 2.9% in January from December as the country went back into a coronavirus lockdown, official data showed on Friday. Economists polled by Reuters had expected a contraction of 4.9%. Britain’s economy.

Futures contracts tied to the major U.S. stock indexes traded mixed early Friday after the S&P 500 closed at a record high and President Joe Biden signed landmark stimulus legislation. Dow futures added 52 points implying a gain of a.

Investment bank JPMorgan expects cyclical stocks to lead the market higher in the medium- to long-term as the business cycle improves. “You’re going to see cyclicals and more defensive names continue the rally after we get past this period of.

China’s target of more than 6% growth for 2021 is not very meaningful because it can be easily reached — but that’s not necessarily a bad thing, analysts told CNBC this week. “It almost does the same thing as not.

The ECB kept key interest rates unchanged but announced a “significantly higher pace” for the pandemic emergency purchase programme. Meanwhile, it has not expanded the total size of the envelope, keeping it at 1.85 trillion. Today’s monetary policy statement reflected.