Market Overview - Page 240

The US dollar is declining for the second day in a row. The decline received a new boost after disappointing weekly labour market data. However, the Pound was even weaker than the dollar amid tough trade talks with the EU..

The price of bitcoin once again fell below $18,000 Thursday, going as low as $17,904 according to the CoinDesk 20. The price was able to reverse course, with higher volume pushing it back up to $18,349 as of press time..

The dollar came back under pressure Friday as investors weighed fading prospects for a stimulus deal in Washington against disappointing U.S. jobs data. Stocks were mixed and oil extended an overnight gain. The yen pushed higher and the euro strengthened.

Massachusetts Mutual Life Insurance Co. is jumping into the institutional bitcoin game with a $100 million investment in bitcoin and a $5 million equity stake in NYDIG. The twin plays – both revealed in a Thursday press release – give.

The CTO of crypto market data aggregator Glassnode, Rafael Schultze-Kraft, has described a slew of Bitcoin market indicators as “insanely bullish” and predicted prices are set to increase by more than 10 times. On Dec. 9, Schulze-Kraft tweeted a thread.

Asian shares bounced back on Friday as progress on COVID-19 vaccines boosted investor sentiment, but tricky Brexit negotiations and U.S. stimulus talks capped gains in riskier assets. MSCI’s ex-Japan Asia-Pacific index rose 0.5%, on track for its sixth straight week.

The dollar headed for a fourth weekly loss in a row on Friday to languish in multi-year troughs against other majors, and sterling snapped a five-week winning streak after British and European leaders remained far apart on a post-Brexit trade.

The battleground states whose presidential election results are being challenged by Texas at the Supreme Court urged the justices on Thursday not to take up the case. The four states targeted in the lawsuit warned in uncharacteristically sharp briefs that.

A key Food and Drug Administration advisory panel voted 17 to 4 with one member abstaining on Thursday to recommend the approval of Pfizer and BioNTech’s coronavirus vaccine for emergency use, the last step before the FDA gives the final.

The ECB announced new stimulus measures that were broadly in line with expectations, which explains the relatively moderate reaction of the single currency to the central bank’s official comments and fresh forecasts.However, currency traders focused on comments on the euro.

European Union leaders are likely to unblock on Thursday a stalled 1.8 trillion euro package to help revive the economy after the COVID-19 pandemic and agree on new, more ambitious CO2 emissions reduction goals to fight climate change. During the.

U.S. stock futures turned lower with European equities as investors assessed the dimmed outlook for fiscal stimulus and for any tech-stock reboud after Wednesday’s tumble. Nasdaq 100 contracts signaled the gauge may fall further after its biggest drop in a.