Market Overview - Page 221

A critical shortage of containers is driving up shipping costs and delays for goods purchased from China. The pandemic and uneven global economic recovery has led to this problem cropping up in Asia, although other parts of the world have.

A wide range of data from jobless claims and housing starts to the Philly Fed manufacturing index significantly exceeded expectations today. All of this is adding to strong corporate reports. On balance, the markets have a rationale for further buying.

Markets are retreating from the highs reached earlier in the week as some players decided to put profits aside. Most stocks bourses in Asia and the USA rallied sharply earlier this week, reaching new multi-year or all-time highs before moderately.

On Jan. 21 the cryptocurrency market experienced an increased wave of selling pressure and within the last hour Bitcoin (BTC) price dropped below the $30,000 mark for the first time since Jan. 4. Now that Bitcoin has lost the $32,000.

Japan’s industrial production likely declined again in December and retail sales are also expected to have slipped, a Reuters poll found, reinforcing worries a recent sharp increase in COVID-19 cases could derail a fragile economic recovery. The world’s third-largest economy.

The dollar steadied in a cautious Asia session on Friday but it is set to log its worst week of the year as investors welcomed the Joe Biden administration by seeking out riskier assets. Against the Japanese yen, the dollar.

As U.S. stock prices have marched to record highs, futures contracts for Wall Street’s “fear gauge” show some investors are buying insurance against market turbulence that could erupt if surprise glitches hit the U.S. rollout of COVID-19 vaccines. This hedging.

U.S. President Joe Biden will seek a five-year extension to the New START arms control treaty with Russia, the White House said on Thursday, in one of the first major foreign policy decisions of the new administration ahead of the.

Alphabet’s Google said on Friday it would block its search engine in Australia if the government proceeds with a new code that would force it and Facebook to pay media companies for the right to use their content. Google’s threat.

U.S. President Joe Biden and his predecessor Donald Trump may disagree about many things, but China isn’t one of them. Biden’s team has shown early signs that it agrees with the previous administration on several “extremely touchy” issues concerning China,.

China has so far failed to meet its purchase commitments for U.S. goods under the “phase one” trade deal that it struck with the Trump administration. As part of the “phase one” trade deal, China agreed to buy at least.

Demand for risk on global markets received renewed strength with confidence about large-scale stimulus in the US, as well as signs of a recovery in manufacturing activity and export earnings in Europe and China. Asian markets are reaching new highs.