Market Overview - Page 214

Shares in dual-listed Chinese companies fell sharply on Thursday in Asia after the U.S. securities regulator adopted measures that would kick foreign companies off American stock exchanges if they do not comply with U.S. auditing standards. The move by the.

AstraZeneca issued updated phase three trial data for its Covid-19 vaccine on Wednesday after facing accuracy questions earlier this week surrounding a preliminary report from its U.S. study. The company now says its vaccine is 76% effective in protecting against.

Futures contracts tied to the major U.S. stock indexes rose in the overnight session Wednesday evening after pressure on technology stocks sent the Nasdaq Composite down 2% during the regular session. Dow futures rose 70 points, while contracts tied to.

Today is PMI day when IHS Markit publishes the preliminary estimates for March for a host of major economies, and the European figures are exceeding expectations. Flash Manufacturing PMI for Germany, the eurozone’s locomotive, rose to 66.6, a record high.

Key US and European stock indices are under moderate pressure on Wednesday, while tensions are rising in emerging markets. The Chinese FTSE A50 and H-shares indices have lost 1.5% and 2.5% so far today, reflecting a U-turn in global investor.

Digital-asset traders and analysts were scrambling Tuesday to assess a fresh data point extracted from the Bitcoin blockchain: Some $806 million worth of the cryptocurrency apparently transferred earlier in the day off of the Coinbase exchange’s institution-focused unit, Coinbase Pro..

The price of Bitcoin (BTC) dipped below $56,000 on March 21 after repeated rejections by the $60,000 resistance level throughout the past four days. Despite getting closer to cleanly breaching past the key technical level, Bitcoin has been showing weakness.

The U.S. Treasury said on Tuesday it would issue further guidance on a contested provision in President Joe Biden’s $1.9 trillion coronavirus relief package that prohibits states from using stimulus money to replace revenue lost to tax cuts. The provision.

The safe-haven U.S. dollar approached a four-month high on Wednesday as concerns over a third COVID-19 wave in Europe, potential U.S. tax hikes and escalating tensions between the West and China sapped risk appetite. The yen also strengthened and U.S..

Oil prices steadiedr on Wednesday, following the previous day’s slump, but the recovery was stunted by fears of a slow recovery in demand due to new pandemic lockdowns in Europe and a build in U.S. crude stocks. Brent crude futures.

U.S. stock futures were flat in overnight trading on Tuesday amid renewed investor concern about the global recovery from the coronavirus pandemic. Dow futures rose 10 points. S&P 500 futures gained 0.04% and Nasdaq 100 futures rose 0.15%. On Tuesday,.

Intel announced on Tuesday that it will spend $20 billion to build two new chip factories, called fabs, in Ocotillo, Arizona. Intel stock rose as much as 5% on the news in extended trading on Tuesday. The announcement, coinciding with.