Market Overview - Page 199

US existing home sales fell 6.6% in February to an annualised rate of 6.22M. Economists, on average, had forecast a drop of less than half that, but bad weather made a more substantial adjustment to economic activity than previously estimated..

The Turkish lira started the week with a 16% plunge due to the Turkish president’s sacking of the central bank governor. At 8.4 per dollar and 10 per euro, the lira was near historic lows. Since last November, the lira’s.

While Bitcoin is up 900% in the last 12 months, shares in the four largest publicly-traded mining firms are up 5,000% over the same period. Despite the top publicly-listed Bitcoin mining firms operating at losses, their share prices have dramatically.

Wall Street giddyness in recent weeks stands in stark contrast to the pandemic panic of one year ago. U.S. stocks on Tuesday will mark the one-year anniversary of the market low as the spread of the COVID-19 and government lockdowns.

Many Asian countries are accelerating the rollout of AstraZeneca’s COVID-19 vaccine after confidence in its safety was hit, following reports that the shot was linked to rare blood clots in Europe earlier this month. After briefly halting its use, many.

The deep anger among some pro-British unionists in Northern Ireland over post-Brexit trade barriers that cut it off from the rest of the United Kingdom is emblazoned along the road from Belfast to the mainly Protestant port town of Larne..

U.S. stock futures were mixed early Monday morning as Wall Street looked to bounce back from a losing week. Futures contracts tied to the Dow Jones Industrial Average declined 41 points. Meanwhile, those for the S&P 500 were little changed.

The Turkish lira slumped toward a record low versus the dollar after President Tayyip Erdogan stunned investors over the weekend by replacing the hawkish central bank governor with a critic of high interest rates. The yen rose against the euro.

The outlook for U.S.-China trade relations is likely to remain challenged after this week’s high-level diplomatic talks showed that President Joe Biden’s team does not plan to wholly abandon the Trump administration’s tough tone in discussions with Beijing. Though Washington.

U.S. investors are among the many foreigners looking to profit from China, particularly its bond market. One clear area of interest is in government bonds, where the Chinese 10-year has a yield of over 3.2%. In contrast, the latest rise.

The Fed gave an unpleasant, albeit mild, surprise to the markets for the second time in a week (after the FOMC statement) by announcing that it will not extend the relief for treasury dealers introduced in the pandemic’s early months.

Oil took a steep fall yesterday, showing an almost 10% intraday trading range and a 7.5% drop for the day. Brent on the spot market moved down to $61.27 at one point, while WTI fell to $58.27. Both had a.