Market Overview - Page 245

After spending the last few days trading in a tightening range, Bitcoin (BTC) price dropped from its pennant structure and closed below the 20-day moving average ($18,600). Since topping out at $19,888 a number of analysts cautioned that Bitcoin price.

German exports rose by less than expected in October but foreign trade still gave Europe’s largest economy a boost at the start of the fourth quarter as it struggles to avoid slipping into a double-dip contraction. Seasonally adjusted exports rose.

Asian shares rose to a record high and U.S. stock futures gained on Wednesday as investors tracked positive news on COVID-19 vaccines and ongoing efforts to launch more fiscal stimulus. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.65%..

The Trump administration proposed a $916 billion coronavirus relief package on Tuesday, after congressional Democrats shot down a suggestion for a pared-down plan from the Senate’s leading Republican, Majority Leader Mitch McConnell. Treasury Secretary Steven Mnuchin said he presented the.

The renewed outbreak of Covid-19 infections in some parts of the world has dampened the global economic outlook in the near term, said Philippine Central Bank Governor Benjamin Diokno. “Recent events, I think, point to a deterioration rather than an.

China’s consumer price index fell in November for the first time in about a decade as food prices dropped. The consumer price index, a measure of inflation that tracks prices for a basket of consumer goods and services, fell 0.5%.

BBVA, the second-largest bank in Spain, with about $840 billion in assets, is poised to enter the cryptocurrency trading and custody space, according to two people familiar with the plans. The Spanish bank will begin its crypto offering out of.

Institutional investors will play an important role in securing the future of cryptocurrencies like Bitcoin (BTC), according to Erik Voorhees, CEO and founder of ShapeShift.io. In a panel discussion at this year’s LaBitConf, Voorhees said Bitcoin’s adoption curve will grow.

The world’s largest publicly traded business intelligence firm, MicroStrategy has announced plans to invest the proceeds from a $400 million securities offering into Bitcoin. On Dec. 7, the firm revealed plans to issue $400 million in convertible senior notes —.

Gold futures finished higher on Monday, with prices for the haven metal getting a strong lift from progress toward another coronavirus aid package and the further spread of COVID-19 in the U.S. Prices for the metal moved up “on some.

U.K. Prime Minister Boris Johnson will head to Brussels for urgent talks with European Commission President Ursula von der Leyen, amid growing fears on both sides that Brexit trade talks will fail. The two spoke on Monday evening and agreed.

Fresh all-time highs appear to be making the “smart money” anxious on Wall Street. A gauge of so-called smart-money interest in stocks was at its lowest level in a year, even as equity benchmarks, though softening in Monday action, were.