Market Overview - Page 210

The European Union needs to be faster in its efforts to vaccinate people against the coronavirus, the 27 heads of state said on Thursday, as the region continues to struggle with a bumpy rollout. The EU has faced production, delivery.

Pressure returned to the markets on Thursday, led by high-tech companies, causing a 3.5% plunge in the Nasdaq and pushing back the S&P500 by 2.5% and the Dow Jones by 1.75%. Asian bourses continue with a 3%+ decline on Friday..

Very good macroeconomic data from the USA could further increase demand for risky assets and potentially add more pressure on the dollar. The number of Initial Jobless Claims fell sharply last week from 841K to 730K, the lowest since November..

Bitcoin (BTC) may be worth almost three times more than at the height of its 2017 bull run, but a lot of hodlers from that time refuse to sell. The latest data from Bitcoin financial services firm Unchained Capital shows.

Futures tracking the Nasdaq index fell 1% on Thursday, sliding for seven out of the last eight sessions, as investors rotated out of technology-related stocks into shares that are poised to benefit from an economic rebound later in the year..

World stocks headed back towards record highs with a third day of gains and the dollar dropped to a three-year low on Thursday, after top Federal Reserve and European Central Bank officials took aim at rising bond market yields. There.

Charlie Munger, vice chairman of Berkshire Hathaway and Warren Buffett’s longtime business partner, on Wednesday dismissed the rocketing share price of Tesla and the recent bitcoin frenzy. During an interview at the Daily Journal’s annual shareholder’s meeting, Munger was asked.

Looking to holiday in Greece or Spain? You could be waiting some time. European leaders are expected to say on Thursday that all non-essential travel needs to remain restricted as the Covid health situation remains “serious” across the continent, according.

Australia has passed a new law that will require digital platforms like Facebook and Google to pay local media outlets and publishers to link their content on news feeds or in search results. The move was widely expected and comes.

Shares of GameStop climbed more than 70% in premarket trade on Thursday as heavily-shorted stocks favored by Reddit traders look set for a resurgence. Investors piled into the bricks-and-mortar video game retailer on Wednesday following the reported ousting of Chief.

The chief executive of Standard Chartered on Thursday warned stock market valuations appear to have reached unsustainable levels amid a period of what he described as “speculative hype,” warning it is possible for a tech-led sell-off to spill over into.

The buying of risky assets has intensified again in the markets. The rally in commodity currencies and the pound is being stretched even further. As confirmation of buyers’ strength, the Dow Jones30 has added 1.35%, and futures are now above.