Market Overview - Page 201

The global economy is set to grow by 4.7% this year thanks to a stronger-than-expected recovery in the United States, a report by the U.N. Conference on Trade and Development (UNCTAD) said on Thursday, revising up its previous forecast of.

Asian shares and U.S. stock futures rose on Thursday after the Federal Reserve committed to maintaining accommodative monetary policy and projected a rapid jump in U.S. economic growth this year as the COVID-19 crisis eases. MSCI’s broadest index of Asia-Pacific.

Contemporary artist Krista Kim recently sold an NFT-minted digital house for 288 ether, valued at over $500,000 based on the cryptocurrency’s trading price Wednesday. The creation — called Mars House — is part of Kim’s grand vision for the role.

Semiconductor Manufacturing International Corporation (SMIC), China’s largest and most important chipmaker, is building a new factory in Shenzhen that will cost $2.35 billion. The company and the government of the southern Chinese city of Shenzhen will jointly put capital into.

China is diversifying its supply of critical natural resources — a move that will shore up Beijing’s ability to weaponize trade against its geopolitical rivals, according to a newly published report by risk consultancy Verisk Maplecroft. “If China has a.

Weak data on housing activity continued the series of disappointing macro-releases from the USA. The number of building permits and housing starts declined by more than 10% in February after rising by 10.7% and falling by 5.1%, respectively. This sharp.

The weak retail sales and industrial production data published on Tuesday briefly triggered a “the worse, the better” reaction in the markets. February’s 3% fall in retail sales and a 2% fall in industrial production temporarily put pressure on long-term.

Over the past two months, the open interest on Bitcoin options increased by 60% to reach $13.5 billion as the BTC price rose to a new all-time high. The result of Bitcoin’s price appreciation and the rising options open interest.

Coinbase Pro is adding support for Cardano’s ADA (+22.39%), with trading beginning Thursday once sufficient supply of ADA is established on the platform, the exchange said Tuesday. Trading will start on or after 16:00 UTC (12 p.m. ET) March 18.

XRP, the digital token used in Ripple Labs’ payments network, was outperforming bitcoin and other major cryptocurrencies on Tuesday, with a longer-duration technical indicator flashing a bullish signal. The token’s price was around 48 cents at press time, up 9%.

Asian stocks fell on Wednesday, tracking Wall Street as investors waited to see if the U.S. Federal Reserve will signal a faster path toward policy normalisation than previously expected. The U.S. central bank ends a two-day meeting later in the.

Trading in oil futures is now as heavy as it was in the first months of the COVID-19 crisis, according to market data and analysts, with oil bulls and bears rushing to hedge against jolts in the steady rise of.