Market Overview - Page 241

Stocks started off the week in a bullish mood as investors took comfort from further stimulus bill negotiations and the impending deployment of the first vaccine in the U.S. S&P 500 futures gained about 0.6%, with the first deliveries of.

European Commission President Ursula von der Leyen said Sunday that Brexit trade talks with the U.K. will be extended beyond Sunday’s deadline, adding that “we think it is responsible at this point to go the extra mile.” Von der Leyen.

Swiss biotech firm Relief Therapeutics has seen its share price climb by 38,000% so far this year, as it develops a drug focused on respiratory failure arising from severe Covid-19. Last week, the company, along with U.S. partner NeuroRx, met.

Electronic Arts reached an agreement on Monday to buy U.K. racing game developer Codemasters in a deal worth $1.2 billion. The deal upstaged a previous transaction agreed between rival publisher Take-Two Interactive and Codemasters. The firm had agreed to acquire.

As is almost always the case, Brexit negotiators are at their best when more time is needed to reach an agreement. This time, the president of the European Commission and the British prime minister have decided to extend discussions on.

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.