Market Overview - Page 214

Jack Ma, Alibaba’s high-profile founder appears to be on the wrong side of the Chinese government, sparking a chain of events that has upped regulatory scrutiny on the e-commerce giant and cast uncertainty over its future. Even after Alibaba reported.

AUD is losing to a wide range of competitors today after the Reserve Bank of Australia’s somewhat unexpected decision to extend its QE programme beyond mid-April. The RBA has announced its intention to buy another A$100bn in national bonds, continuing.

Global markets seem to have managed to avoid a downward spiral from the start of the month. US stock indices, followed by the rest of the world, made steady gains, adding more than one and a half per cent for.

XRP has crashed hard from a two-month high reached early Monday, with a planned community buying effort failing to yield desired results. The cryptocurrency is trading near $0.42 at time of writing – down 40% from the high of $0.75.

Recent Bitcoin (BTC) outflows from Coinbase are reminiscent of the “proof-of-keys” days and could be a sign of a bullish future, according to CryptoQuant CEO Ki Young Ju. Data from the cryptocurrency analysis firm shows that more than 15,200 BTC,.

Shares of GameStop continued to lose ground after the bell on Monday, with shares of the volatile retail trader favorite sliding more than 16% in extended trading. The after-hours tumble follows a more than 30% drop during the regular market.

The pound is winning the hearts and minds of fund managers and forecasters as the U.K. steps up its coronavirus vaccinations to improve the chances of an economic rebound. Analysts now see the currency ending the year up 2% at.

The dollar hovered near a seven-week high on Tuesday, largely benefiting from a euro selloff overnight after coronavirus lockdowns choked consumer spending in Europe’s biggest economy. The euro sank the most in 2-1/2 weeks on Monday after data showed German.

Asian stock markets gained for a second day on Tuesday on increased optimism about economic stimulus and global recovery, while retail investors retreated from GameStop and their new-found interest in silver. The momentum looked set to carry through into European.

China’s growth is likely to moderate in the coming months as the country faces risks on two fronts, according to the chief Asia economist of Goldman Sachs. “The first is simply policymakers are quite comfortable with the recovery so far.

Chinese electric car start-up Nio is off to a solid start for the year, even if it has a long way to go to catch up with market leader Tesla. The company said Monday it delivered 7,225 vehicles in January,.

The US ISM Manufacturing Index for January came out lower than expected. The index fell from a two-year high of 60.5 in December to 58.7 in January, worse than the awaited 60.0. The strongest push on the index was from.