Market Overview - Page 202

Global shares gained on Wednesday, with European indexes echoing positive moves in Asia, as a retreat in U.S. Treasury yields fuelled demand for riskier assets and weakened the dollar. The Euro STOXX 600 added 0.7%, with Frankfurt shares climbing 0.9%.

The euro zone economy is almost certainly in a double-dip recession as pandemic-linked lockdowns continue to hammer the services industry, a survey showed on Wednesday, but hopes for a wider vaccine rollout drove optimism to a three-year peak. Reported coronavirus.

Asian shares edged higher on Wednesday as investors shrugged off concerns that stocks may have rallied too far too fast in the past year, and focused instead on optimism that more imminent U.S. stimulus will energise the global economic recovery..

Moscow rejected new sanctions imposed on it by the U.S. late Tuesday, describing the restrictions led by President Joe Biden’s administration as “hostile. Russia’s Ministry of Foreign Affairs said last night that it would retaliate against what it said was.

The U.S. economy has roared back to life in 2021, with first-quarter growth set to defy even the rosiest expectations as another fresh influx of cash looms. Manufacturing data Monday showed the sector at its highest growth level since August.

The Chinese government is set to kick off an annual parliamentary meeting this week for approving national priorities for 2021. The gathering of delegates, known as the “Two Sessions,” has overseen such changes as President Xi Jinping’s abolition of term.

On the first day of March, stock markets experienced the strongest rally in four months. On Tuesday, the optimism had faded somewhat for a number of reasons. China’s central bank spokesman is worried about bubbles in the housing market and.

Bitcoin (BTC) is trading around $49,444 as of 12:37 UTC (7:37 p.m. ET) and cooling slightly, having risen to a 24 hour high above $50,200. The price has gained 6.8% over the previous 24 hours. Bitcoin’s 24-hour range: $45,741.74-$50,213.03 (CoinDesk.

Famous meme crypto Dogecoin (DOGE) can now be accessed through 1,800 ATMs across the United States. Leading Bitcoin ATM provider Coinflip announced the support for Dogecoin on Mar. 1, with the company’s CEO and co-founder, Daniel Polotsky, attributing the move.

Asia stocks dropped on Tuesday and European equity futures fell as a senior Chinese official expressed wariness about the risk of asset bubbles in foreign markets and a recent bond market sell-off still weighed on investor sentiment. European markets appeared.

A group of some of the world’s most powerful oil producers will hold a crucial meeting on Thursday to discuss reversing some of the output cuts it made last year. OPEC and its non-OPEC partners, an energy alliance sometimes referred.

Shares of Apple closed up 5.39% on Monday to a price of $127.79, outpacing the NASDAQ, which was only up 3.01% percent. It was Apple’s biggest day since Oct. 12, when shares rose 6.35%. The bump came after Berkshire Hathaway.