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Market Overview - Page 209


European Union begins review of Russia’s Sputnik Covid vaccine
European Union begins review of Russia’s Sputnik Covid vaccine.

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.

Apple faces antitrust probe in the UK over its Apple Store rules
Apple faces antitrust probe in the UK over its Apple Store rules.

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.

Major oil producers to review supply cuts in critical OPEC meeting
Major oil producers to review supply cuts in critical OPEC meeting.

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+,.

Fed will not protect Nasdaq from falling
Fed will not protect Nasdaq from falling.

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.

Another downbeat ADP jobs report pressured markets
Another downbeat ADP jobs report pressured markets.

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.

Market split: Asia positive amid fresh US tech sell-off
Market split: Asia positive amid fresh US tech sell-off.

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.

More Institutional Investors Jumping Into Bitcoin Leaves Less to Go Around, Data Shows
More Institutional Investors Jumping Into Bitcoin Leaves Less to Go Around, Data Shows.

Four million. That’s roughly how much bitcoin is circulating freely right now, blockchain data show. The number has been getting a little smaller with each passing month over the last year. It’s the assessment of Glassnode, an analysis firm that.

Bitcoin hits $51K as short-term bull case strengthens amid weakening dollar
Bitcoin hits $51K as short-term bull case strengthens amid weakening dollar.

The U.S. dollar index (DXY) is showing signs of a short-term top as the price of Bitcoin (BTC) demonstrates signals of a short-term rally. There is a narrative that the price of Bitcoin often coincides with a drop in the.

Stocks climb as Treasuries stabilise
Stocks climb as Treasuries stabilise.

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%.

Eurozone in double-dip recession but optimism soared in February: PMI
Eurozone in double-dip recession but optimism soared in February: PMI.

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 stocks perk up on economic cheer as Treasuries stabilise
Asian stocks perk up on economic cheer as Treasuries stabilise.

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..

Russia slams ‘hostile’ new U.S. sanctions and vows to retaliate
Russia slams ‘hostile’ new U.S. sanctions and vows to retaliate.

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.

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