Market Overview - Page 221

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.

Global markets are starting a new month with a strong rally, showing a recovery in risk demand after a dip at the end of January. The Dow Jones index futures are back above 30K, and the S&P500 is above 3700..

After gaining the spotlight due to a 980% pump on Jan. 28, Dogecoin (DOGE) briefly entered the top 10 ranking by market capitalization for the first time since 2015. Once the massive pump lost momentum and traders quickly took profits,.

Elon Musk once again sent ripples through the price of Bitcoin after declaring that he’s a supporter of the largest cryptocurrency. Speaking on social audio app Clubhouse, the billionaire said at this point he thinks “Bitcoin is a good thing,”.

Digital asset manager Grayscale is showing little signs of slowing down its Bitcoin accumulation, adding around 40,000 BTC to its stash since January 13. That’s around $1.36 billion worth of Bitcoin in just 16 days. The dramatic accumulation was noted.

Asian shares rallied on Monday and U.S. stock futures recouped early losses as newly empowered retail investors turned their attention to precious metals, promising a respite to some hard-hit hedge funds. MSCI’s broadest index of Asia-Pacific shares outside Japan climbed.

Robinhood will continue to limit trading on Monday in short-squeeze names like GameStop that have experienced explosive rallies and unprecedented volatility over the past week. Customers can only buy one share of GameStop’s stock and five options contracts. However, the.

Putting trade and business interests first has always been the German government’s mantra when it comes to the country’s relationship with China and Russia. With “Wandel durch handel,” which translates as “change through trade” in the case of China, German.