Market Overview - Page 206

China has set growth target of over 6% for 2021, Chinese Premier Li Keqiang announced Friday at an annual parliamentary meeting — the country’s most important political event of the year. Such growth would come off a low base. China.

Bitcoin’s recovery appears to have stalled as caution sets in ahead of expected comments from Federal Reserve Chairman Jerome Powell later on Thursday. The cryptocurrency is currently nursing losses below $50,000, having bounced from $43,000 to $52,500 in the past.

Chris Larsen — Ripple’s executive chairman — has joined company CEO Brad Garlinghouse in moving to dismiss the securities violation case filed by the U.S. Securities and Exchange Commission. In a court letter filed on Wednesday, Larsen’s attorneys provided four.

Oil prices rose more than $1 per barrel on Thursday after Saudi Energy Minister Prince Abdulaziz bin Salman urged caution and vigilance at the beginning of a meeting of OPEC ministers and their allies about the future of supply cuts..

The number of Americans filing new claims for unemployment benefits rose last week, likely boosted by brutal winter storms in the densely populated South in mid-February, though the labor market outlook is improving amid declining new COVID-19 cases. Initial claims.

U.S. stock index futures were trading near the flatline early Thursday, as a better-than-expected reading on weekly jobless claims supported sentiment on Wall Street. Futures contracts tied to the Dow Jones Industrial Average pointed to a slight gain 30 points.

The European Medicines Agency said Thursday it will start assessing the Russian coronavirus jab, Sputnik V, as the bloc looks to speed up its vaccination program. “EMA will assess Sputnik V’s compliance with the usual EU standards for effectiveness, safety.

The U.K.’s competition regulator on Thursday launched an antitrust investigation into Apple. The Competition and Markets Authority said it would investigate Apple over complaints from software developers about the tech giant’s App Store. Apple only lets developers release iPhone and.

A group of some of the world’s most powerful oil-producing nations on Thursday will discuss the next phase of production policy amid the ongoing coronavirus crisis. Ministers representing OPEC and non-OPEC partners, an energy alliance sometimes referred to as OPEC+,.

Pressure on US technology companies remained the dominant trend on Wednesday evening. Against this backdrop, the Nasdaq lost another 2.7%, the Dow Jones 30 was down 0.4%, and the S&P500 maintained its intermediate position, retreating by 1.3%. However, investors should.

US private employment data from the ADP showed a rise in employment of 117K in February compared to 195K a month earlier. Since June last year, the figure has been weaker than analysts’ expectations 8 out of 10 times, reflecting.

Asian indices are rising on Wednesday morning, adding 0.6% on the MSCI Asia-Pacific without Japan, with the Nikkei225 up 0.5%. The rise is partly due to reports that the People’s Bank of China injected 10 billion yuan ($1.55 billion) of.