Market Overview - Page 229

Global media have been reacting to the unprecedented scenes from Washington, where pro-Trump supporters stormed the U.S. Capitol, prompting a lockdown and causing lawmakers to flee to safety. Scenes of the angry mob gathering on the steps of the Capitol.

The turmoil in the USA with the storming the Capitol by Trump supporters had no lasting and visible impact on markets apart from a brief pull of the dollar and a sell-off in markets in favour of defensive assets. However,.

Enormous government stimulus and a busy printing press have revived fears of out of control inflation that plagued economists after the global financial crisis when unconventional monetary policies and huge fiscal stimulus were used so widely for the first time..

The U.S. dollar slipped on Wednesday as Democrats took the lead in runoff votes that will determine control of the U.S. Senate and possibly pave the way for a big spending administration under President-elect Joe Biden. The euro rose past.

One of the world’s largest investment banks has theorised that cryptocurrency Bitcoin could reach as high as US$146,000 ($188,430), but it won’t happen in 2021. In a research note, JPMorgan & Chase analysts claimed that as money from traditional gold.

Stellar CTO and Ripple architect Jed McCaleb cashed out a whopping $411 million in XRP in 2020, according to an updated report from blockchain analytics account Whale Alert. McCaleb sold 1.2 billion XRP throughout the year at an average price.

The pound’s Brexit deal honeymoon looks well and truly over, with the currency off to the worst start to the year among its Group-of-10 peers. Allianz Global Investors has taken a short position on sterling against the euro, citing the.

Global stock prices slipped and bond yields rose on Wednesday as investors braced for the prospect that Democrats could win both seats at stake in a U.S. Senate run-off election in Georgia, handing them control of the chamber. Along with.

Bitcoin soared on Wednesday to touch an all-time high, as the cryptocurrency continued trading wildly. The price of bitcoin rallied to trade above $35,000 as of about 2:11 a.m. EST Wednesday, according to data from Coin Metrics. The price surge.

The global economy could be in for “a lost decade” with subdued growth after the Covid-19 pandemic triggered the worst economic recession since World War II, the World Bank said on Tuesday. “If history is any guide, unless there are.

Chinese automaker BYD is selling far more luxury electric sedans a month than the leading start-ups in the country, even though overall sales fell 11% last year. BYD, backed by American billionaire Warren Buffett, disclosed late Tuesday that sales of.

On the first working day of the new year, global stock exchanges failed to maintain a positive outlook due to intensified political confrontation on several fronts at the same time. US markets came under increased pressure due to the senate.