Market Overview - Page 207

Bitcoin could rise to $1 million over the long term to become a reserve currency for the world, according to one asset manager. But JPMorgan warned of risks ahead as the cryptocurrency continues to rally. Anthony Pompliano, co-founder and partner.

The U.S. economy could lose more than $1 trillion worth of production and long-term global competitiveness if the White House pursues a sharp separation with China, according to a report released Wednesday by the U.S. Chamber of Commerce and Rhodium.

Barclays on Thursday reported a full-year profit of £1.53 billion ($2.11 billion) for 2020, down 38% from 2019 but outstripping analyst expectations. The British lender posted a fourth-quarter net profit attributable to shareholders of £220 million, despite the U.K. navigating.

There are growing fears in the markets that the inflation genie is out of the bottle. So far, these fears can be discerned in the form of stronger-than-expected inflation and steadily rising long-term bond yields worldwide, including Britain. New data.

Long-term US government bond yields continue to rise. This is already having a noticeable effect on other markets, and stock indices closed Tuesday lower, retreating from record levels. However, the most worrisome shift seems to be in gold. The troy.

EURUSD has resumed climbing, rising to 1.2160 after four sessions of hovering around 1.2120. Buying intensified with higher-than-expected data, with the biggest upside surprise coming from the ZEW. The German economic sentiment index rose from 61.8 to 71.2 vs expected.

In the early hours of Feb. 15, Ether (ETH) price plunged to $1,660, followed by a 9% recovery within 10 hours. The move triggered $280 million in futures contracts liquidations, indicating excessive leverage from longs. Although the initial anxiety regarding.

Bitcoin hit a new record high $60 shy of $50,000 on Tuesday, extending a sharp rally that has been mostly fuelled by big investors beginning to take digital assets seriously. The first and most famous cryptocurrency, bitcoin hit $49,938 and.

Global shares hit record highs on Tuesday and were on track for their longest winning streak in 17 years as investors bet the rollout of COVID-19 vaccines would lead to a durable economic recovery and draw a line under a.

Ratings agency S&P Global Ratings said Tuesday that India is on track to recover from a pandemic-led economic contraction by next year. South Asia’s largest economy could grow 10% in fiscal 2022, the ratings agency predicted in a report. India’s.

Southeast Asia’s support for the U.S. appeared to increase after Joe Biden won the presidential election, according to an annual survey by Singaporean think tank ISEAS Yusof-Ishak Institute. The State of Southeast Asia survey released last week found that 61.5%.

Futures contracts tied to the major U.S. stock indexes rose early Tuesday after finishing strong last week. Dow Jones Industrial Average futures implied an opening gain of about 170 points. S&P 500 futures and Nasdaq 100 futures also traded in.