Market Overview - Page 211

Societe Generale beat analyst expectations on Wednesday with what it described as a “significant improvement” in the business during the second half of 2020, despite the coronavirus pandemic. The French bank reported a net profit of 470 million euros ($569.

U.S. stock rose slightly in overnight trading on Tuesday following the regular session that snapped a six-day winning streak on Wall Street. Dow futures rose 75 points. S&P 500 futures gained 0.25% and Nasdaq 100 futures rose 0.24%. Better-than-expected earnings.

Since last Thursday, the British pound has been performing better than the market since the Bank of England eased expectations of negative rates anytime soon. These comments put GBPUSD back on an upward path. The weakening US currency is mostly.

Stock indices are storming to highs for the second consecutive day. But this time, there is more reason to trust the rise due to the dollar’s background pullback. The American currency’s reversal pattern against its main competitors on Friday has.

Crypto asset manager CoinShares has reported that investment inflows into institutional cryptocurrency funds surged last week, and the majority of it was Ethereum. The report states that of the $245 million crypto inflow last week, 80% of it or $195.

German exports rose in December as solid trade with China and the United States helped Europe’s largest economy as it struggles to grow under the restrictions of a lockdown aimed at suppressing the COVID-19 case load. Seasonally adjusted exports edged.

Oil prices advanced on Tuesday to their highest in 13 months, as supply cuts by major producers and optimism over a recovery in fuel demand support energy markets. Brent crude futures for April gained 50 cents, or 0.8%, to $61.06.

Tesla has announced that it is bought $1.5 billion in bitcoin and would start accepting the cryptocurrency as payment, according to an SEC filing Monday. The company said it purchased the bitcoin for “more flexibility to further diversify and maximize.

Tesla’s sales in China more than doubled last year amid the coronavirus pandemic, according to a filing out Monday. The electric car maker’s sales in China of $6.66 billion last year accounted for about a fifth, or 21% of the.

U.S. stock futures were little changed early Tuesday morning as Wall Street looked to hold on to gains from its February hot streak. Futures contracts tied to the Dow Jones Industrial Average lost 11 points. Those for the S&P 500.

Big investors are pouring money into warehouses in Europe as online shopping for goods — some all the way from China — takes off in the wake of the coronavirus pandemic. E-commerce was already growing before the emergence of Covid-19.

France’s Total on Tuesday reported a massive drop in full-year profit, following a tumultuous 12 months in which commodity prices collapsed amid the coronavirus pandemic. The energy major said full-year 2020 net profit came in at $4.06 billion, beating expectations.