Market Overview - Page 235

The oil market has rallied almost 40% in the last two months, pushing benchmarks to nine-month highs, in a euphoric response to progress on COVID-19 vaccines that has investors thinking the end of the coronavirus pandemic is in sight. Reality.

Shares in Asia-Pacific declined in Tuesday trade following investor jitters overnight on Wall Street over a new coronavirus strain in the U.K. In Japan, the Nikkei 225 declined 0.64% while the Topix index fell 1.15%. South Korea’s Kospi dipped 0.56%..

Compared to major market indexes that breached record highs despite the Covid-19 economic fallout, bitcoin appears “less volatile” than before. That’s according to Meltem Demirors, chief strategy officer at CoinShares, which sells investments in digital currencies.

U.S. stock futures were lower early Tuesday morning after a volatile day on Wall Street that saw the Dow Jones Industrial Average erase a 400-point deficit. Futures contracts tied to the Dow were lower by 167 points, while the S&P.

Despite widespread vaccine approval and the start of vaccination, so far there has been little to no effect on incident rates with most countries maintaining alarmingly high infection numbers, in some cases, even worsening.   There has been a sharp.

Stocks and futures were a sea of red as a new strain of the coronavirus in the U.K. caused chaos ahead of the Christmas holiday, with regional neighbors suspending travel. Energy and travel shares dragged the Stoxx 600 Index down.

Such a drop in flows into the largest bitcoin (BTC, -3.75%) fund would increase the likelihood of a price correction similar to the one seen in the second half of 2019, according to a note from the bank’s quantitative strategists.

Bitcoin (BTC) lost $23,000 support on Dec. 21 as Monday trading saw a long-awaited correction begin to take shape. The move comes as U.S. futures also dropped in pre-market hours by roughly 2.5% on concerns over the new coronavirus strain.

Oil prices tumbled by $2 on Monday, as a fast-spreading new coronavirus strain that has shut down much of Britain and led to tighter restrictions in Europe sparked worries about a slower recovery in fuel demand. Brent crude was down.

Stock futures traded in the red early Monday as Congress managed to seal a coronavirus stimulus deal hours before a shutdown deadline. Futures on the Dow Jones Industrial Average pointed to an opening drop of 300 points. S&P 500 futures.

Congress reached a deal Sunday on a $900 billion coronavirus relief package, a long-delayed effort to boost an American health-care system and economy buckling under the weight of the pandemic. Congressional leaders announced agreement on a bill — which will.

A highly contagious new variant of the coronavirus is causing countries in Europe and elsewhere to block travel from Britain. The U.K. last week warned of a new coronavirus variant that is thought to be up to 70% more transmissible.