Market Overview - Page 216

After years of speculation that it will eventually get into the auto business with its own vehicle, Apple is close to finalizing a deal with Hyundai-Kia to manufacture an Apple-branded autonomous electric vehicle at the Kia assembly plant in West.

The International Monetary Fund has raised its economic outlook for the Middle East and North Africa region’s growth in 2020 by 1.2 percentage points to an overall contraction of 3.8%, showing that despite some progress since the coronavirus pandemic began,.

Oil giant Royal Dutch Shell on Thursday reported a sharp drop in full-year profit as the coronavirus pandemic took a heavy toll on the global oil and gas industry. Shell reported adjusted earnings of $4.85 billion for the full-year 2020..

Deutsche Bank on Thursday beat earnings expectations for 2020 as it emerges from the coronavirus crisis, led by a strong performance in its investment banking division. Germany’s largest lender posted a full-year net profit of 113 million euros ($135.7 million),.

The private ADP report noted a 174K gain in employment in January in the US, well above the expected 48K. Moreover, December’s drop was revised from 123k to 78k, which further improves the employment picture. Investors and traders use the.

EURUSD is testing support at 1.2000, having lost 2.5% after four weeks of decline from the peak at 1.2350 in early January. An extension of the pair’s decline will bring it back to test the critical 1.1930-1.1950 area, former strong.

Global equity markets are now getting a substantial boost while Wall Street Bets crowd assets have been losing value. Last week, we saw exactly the opposite picture. The US indices returned to the highs of a week ago, while the.

California’s $441 billion public pension fund increased its stake in bitcoin miner Riot Blockchain (RIOT) nearly sevenfold in last year’s Q4 amid the meteoric run-up in the price of bitcoin. California Public Employees’ Retirement System (CalPERS) held 113,034 shares in.

On Feb. 2 Ether (ETH) saw its price breakout to a new all-time high at $1,555 as increased activity in the derivatives market provided clear signals that traders were bullish on the long-term prospects of the largest altcoin by market.

An eightfold rally in Ether over the past year to a record faces possible turbulence from the impending launch of CME Group Inc. futures for the largest cryptocurrency after Bitcoin. The contracts set to debut from Feb. 8 evoke memories.

The Bank of Japan must be ready to cut interest rates further and keep exploring ways to battle economic shocks, Deputy Governor Masazumi Wakatabe said, signalling its resolve to keep or ramp up support for an economy hit by the.

Asian shares and U.S. stock futures rose on Wednesday as governments around the world looked poised to boost spending to help economies recover from the coronavirus and vaccine roll-out programmes accelerated. MSCI’s broadest index of Asia-Pacific shares outside Japan rose.