Market Overview - Page 218

US consumer inflation maintained its 1.4% y/y growth in January, according to a new report. The core price index was virtually unchanged over the last two months, slowing the year-on-year gain to 1.4% from 1.6% previously. But inflation is not.

Rising markets and a weakening dollar are finding their momentum on Wednesday morning, driven by the impact of stimulus on the economy. Inflation expectations continue to increase, while a weak job market prevents the US from abandoning massive stimulus and.

The launch of Chicago Mercantile Group’s highly anticipated Ether futures saw more than $30 million worth of contracts traded during the first day of trade. Launched on Feb. 8, CME’s new Ether product saw 388 contracts traded in its first.

A World Health Organization-led investigation in China found that the coronavirus most likely jumped to humans through an animal host or frozen wildlife products, finding that it’s “extremely unlikely” it came from a laboratory leak. No further research is needed.

Shares of companies that have invested in bitcoin have vastly outperformed on Wall Street in 2021 and are extending their gains thanks to Tesla’s $1.5 billion bet on the soaring digital currency. The price of bitcoin hit a record high.

Asian stocks hit a record high on Wednesday as upbeat earnings, hopes of a large U.S. fiscal stimulus and a prolonged period of low interest rates fanned optimism about a global recovery from the pandemic. European stocks are expected to.

Shares in Asia-Pacific were mixed in Wednesday trade after a winning streak on Wall Street ended overnight stateside. Mainland Chinese stocks were higher by the afternoon as the Shanghai composite gained 1.03% while the Shenzhen component advanced 1.891%. Hong Kong’s.

Former President Donald Trump’s second impeachment trial kicked off today with a round of debate over whether the trial is constitutional. Starting at noon tomorrow, each side will have up to 16 hours to make their case to the 100.

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.