Market Overview - Page 238

President Joe Biden has beefed up his foreign policy team with several experts on Asia — a move analysts said signals renewed efforts to raise U.S. standing in a region where China’s influence is growing. The Biden administration has identified.

The weekly jobless claims report was noticeably better than expected for the third consecutive week. Last week 779K Americans applied for Initial Jobless Claims vs 812K a week earlier, against an expected increase to 828K. Continued Claims fell to 4,592K,.

The onslaught of the Dollar is affecting more and more currencies and commodity assets. Perhaps the most striking exception to this trend, however, is Oil. Stock indices show mixed dynamics, but we still urge caution on the stock market’s near-term.

Ethereum’s gas fees are again spiking to record highs, rendering many decentralized finance protocols unusable for casual investors. After increasing roughly 20% in the last 24 hours, average Ethereum transaction fees are now sitting at a record $17.67. With many.

U.S. oil production fell sharply in 2020, but the Energy Information Administration is expecting it to pick back up and even set new records in just two years, it said in its much-anticipated annual energy outlook (AEO2021). According to the.

The dollar edged toward its strongest in more than two months against the euro and the yen on Thursday as pessimism about the U.S. economic outlook receded before the release of important data on the jobs market. The British pound.

Stocks dipped on Thursday as a spike in short-term Chinese interest rates fanned worries about policy tightening in the world’s second-largest economy, although improving corporate earnings and easing market volatility helped stem losses. U.S. bonds extended their decline, boosting the.

After years of speculation that it will eventually get into the auto business with its own vehicle, Apple is close to finalizing a deal with Hyundai-Kia to manufacture an Apple-branded autonomous electric vehicle at the Kia assembly plant in West.

The International Monetary Fund has raised its economic outlook for the Middle East and North Africa region’s growth in 2020 by 1.2 percentage points to an overall contraction of 3.8%, showing that despite some progress since the coronavirus pandemic began,.

Oil giant Royal Dutch Shell on Thursday reported a sharp drop in full-year profit as the coronavirus pandemic took a heavy toll on the global oil and gas industry. Shell reported adjusted earnings of $4.85 billion for the full-year 2020..

Deutsche Bank on Thursday beat earnings expectations for 2020 as it emerges from the coronavirus crisis, led by a strong performance in its investment banking division. Germany’s largest lender posted a full-year net profit of 113 million euros ($135.7 million),.

The private ADP report noted a 174K gain in employment in January in the US, well above the expected 48K. Moreover, December’s drop was revised from 123k to 78k, which further improves the employment picture. Investors and traders use the.