Market Overview - Page 231

Oil prices on Friday hit 11-month highs and were on track for a strong weekly gain as a rally in global equities fed risk appetite and stoked bullish sentiment following Saudi Arabia’s pledge to cut output. Brent crude climbed 39.

Bitcoin fell more than 5% on Friday, a day after topping $40,000 for the first time. The world’s most popular digital currency slid to as low as $36,618.36 on Bitstamp exchange, after reaching an all-time high of $40,402.46 in the.

Asian shares vaulted to record highs on Friday and Japan’s Nikkei hit a three-decade peak as investors looked beyond rising coronavirus cases and political unrest in the United States to focus on hopes for an economic recovery later in the.

While the U.S., U.K. and Europe attempt to ramp up their own Covid vaccination drives, one country is outpacing them all: Israel. Israel’s vaccination drive began on Dec. 19 with Prime Minister Benjamin Netanyahu the first person to be vaccinated.

Shares of Hyundai Motor surged 19% after the South Korean automaker said it was in early-stage talks with Apple over potentially working together to develop an electric car. “We understand that Apple is in discussion with a variety of global.

President Donald Trump on Thursday admitted, for the first time in his own words, that President-elect Joe Biden’s administration would take charge on Jan. 20. Without mentioning Biden by name, Trump in a nearly three-minute video said “a new administration.

Markets turned to buy US equities and the US dollar in early trading on Wall Street amid investor optimism. Apart from news of Biden’s confirmation as president and the Democrats’ majority in the Senate, macroeconomic reports somewhat alleviated fears. Record.

The spread between the six-month implied volatility (IV) for ether (ETH, +7.29%) and bitcoin (BTC, +9.46%) – a measure of the expected relative price volatility between the two – has risen to a record high of 46%. That surpasses the.

On Wednesday, the decision by the United Kingdom’s Financial Conduct Authority to ban crypto futures and exchange-traded notes finally went into effect. The FCA initially announced the ban back in October 2020 following a year-long consideration of the matter. At.

The total market value of cryptocurrencies surpassed $1 trillion for the first time Thursday amid a frenzied and volatile rally in Bitcoin to yet another record. Cryptocurrencies hit the milestone after a fivefold climb in market value in the past.

Global markets are showing resilience after a day of violence rocked the U.S. Capitol, with investors firmly focused on the prospect for more economic stimulus and the likelihood that calm will prevail as Joe Biden takes the presidency. S&P 500.

The dollar edged higher on Thursday, hovering above its lowest levels in nearly three years on Thursday after Democrats won control of the U.S. Senate, clearing the way for possible larger fiscal stimulus under President-elect Joe Biden. Currency markets were.