Market Overview - Page 217

Markets saw increased volatility in metals yesterday. Silver’s intraday range exceeded 8%, reviving quotes after three weeks of hovering around $25. On Friday morning, the price is now near $26.5 an ounce, maintaining the upward momentum. Important milestones on the.

Despite the S&P500’s firm +1% gains on Thursday after a 2% loss intraday, the markets sagged on Friday after a real rollercoaster ride in the New York trading session. The S&P500 got support yesterday on the downside to the 50-day.

Bitcoin’s price reversed Wednesday’s losses on Thursday. Traders and analysts, however, have largely kept a short-term bearish view because some are attributing gains in bitcoin and other cryptocurrencies to GameStop’s stock drama. Bitcoin (BTC) trading around $32,607.78 as of 21:00.

Dogecoin (DOGE), a meme coin created as a joke, has seen a groundswell of Twitter activity in the past 24 hours after attention was thrown on the coin by the now-infamous Reddit group responsible for pumping the share price of.

European and U.S. stock futures fell on Friday, while Asian equities headed for their steepest weekly loss in months, as a Wall Street retail-trading frenzy and a liquidity squeeze in China unnerved investors and weighed on frothy markets. S&P 500.

Oil prices were steady on Friday, sticking to ranges seen over the past three weeks, as investors looked for signs of changing supply and demand fundamentals. A cut in Saudi Arabia’s oil supply and lower U.S. oil stocks helped offset.

European stock index futures fell more than 1% on Friday, tracking declines in Asian and U.S. equity markets on caution around a retail trading frenzy that gripped Wall Street this week. Futures tracking an index of Europe’s top 50 stocks.

Shares of GameStop, AMC and others rebounded aggressively in extended trading on Thursday after Robinhood said it will resume limited trading of previously restricted securities on Friday. “Starting tomorrow, we plan to allow limited buys of these securities. We’ll continue.

Chinese consumer spending is set to more than double in 10 years, with an emphasis on services rather than goods, Morgan Stanley analysts predicted in a roughly 200-page report released Wednesday. By 2030, China’s private consumption is set to reach.

With mass vaccination campaigns against Covid-19 underway globally, there is an emerging gap between rich and poor nations in their abilities to secure enough shots to immunize their people. Wealthy nations have been accused of hoarding vaccines, mostly from Pfizer-BioNTech.

Silicon Valley tech firms look increasingly likely to face new global tax laws this year, as the change in the White House fuels optimism among European officials that an agreement will soon be reached. Speaking to CNBC’s Annette Weisbach on.

US data helped the markets to find support, triggering a wave of buying after the recent sell-off in equities and precious metals. The first estimate of US GDP in Q4 came out slightly worse than forecast, adding 4% (4.2% expected)..