Market Overview - Page 222

A new wave of Covid-19 cases in China’s Hebei province triggered transport restrictions in the major steel-producing region. The lockdowns in Hebei include areas surrounding steel mills, limiting the ability to transport the metal to customers. China is the world’s.

Pressure on the euro is easing due to profit-taking from last year’s gains as well as macroeconomic data creating further favourable noise, with EURUSD rising above 1.2130 and EURJPY above 126.20. Earlier today the German ZEW released estimates of economic.

On Tuesday morning the markets are again dominated by purchases of risky assets. MSCI Asia Pacific Index ex Japan jumped 1.6% and the Nikkei225 rose 1.5%. The media attributed this increase to the market reaction of the strong data from.

The United States Financial Crimes Enforcement Network, or FinCEN, recently proposed a series of new regulations applying to financial institutions dealing with digital currencies, such as Bitcoin (BTC). To summarize the proposed regulations, exchanges would essentially be required to file.

The price of Ether (ETH), the native cryptocurrency of the Ethereum blockchain network, has been soaring since the beginning of the new year. What’s more, it has outperformed Bitcoin (BTC) since Jan. 1, gaining roughly 81% compared to Bitcoin’s 26%.

The dollar slipped from close to its highest in nearly one month on Tuesday as caution set in before U.S. Treasury Secretary nominee Janet Yellen testifies later, with traders keeping a close eye on the policies of the incoming Joe.

Oil prices climbed on Tuesday as optimism that government stimulus will buoy global economic growth and oil demand trumped concerns that renewed COVID-19 pandemic lockdowns globally could cool fuel consumption. Brent crude futures for March gained 55 cents, or 1%,.

Asian shares climbed on Tuesday as investors wagered China’s economic strength would help underpin growth in the region, even as pandemic lockdowns threatened to lengthen the road to recovery in the West. Data out on Monday had confirmed the world’s.

U.S. stock futures moved higher early Tuesday as Wall Street looked to bounce back from a rough week ahead of President-elect Joe Biden’s inauguration. Futures contracts tied to the Dow Jones Industrial Average rose 166 points. Those for the S&P.

The incoming Biden administration on Monday said it won’t lift an entry ban on most visitors from Europe, the U.K. and Brazil, less than an hour after President Donald Trump ordered an end to the Covid-19 travel restrictions. “With the.

Foreigners put more of their money in China last year as the country’s size and growth stood out in a world still trying to manage the coronavirus pandemic. In the capital city of Beijing, foreign investors claimed more than a.

By Monday morning two independent trends have formed. In the currency market, the dollar continues its rebound, while in the stock market investors are trying to gauge the balance in a mixed bag of economic data across the globe. Data.