Market Overview - Page 245

Oil prices fell on Thursday as producers including Saudi Arabia and Russia locked horns over the need to extend record production cuts set in place in the first wave of the COVID-19 pandemic. Brent crude was down 15 cents, or.

The dollar slid to a 2-1/2-year low against a basket of major currencies on Thursday as investors wagered that more economic stimulus from Washington and the expected start of COVID-19 vaccinations would support riskier assets. While U.S. legislators have failed.

More than 100,000 people are currently in hospitals across the U.S. sick with Covid-19, as the pandemic pushes doctors, nurses and other health workers to their limits. The current number of hospitalized patients underscores the scope and severity of the.

With the recent spate of bond defaults in China, investors should be looking to put their money into Chinese central government bonds which are “unlikely to default,” according to an economist from research firm TS Lombard. Last month, a series.

As bitcoin continues to set new price highs, its network is also seeing record-breaking user activity. As of Tuesday, there were 432,451 “active entities” – wallet clusters controlled by a single participant that sent or received funds in a 24-hour.

Markets are right to be optimistic about the global economic outlook in 2021, with growth returning and inflation rising below central bank targets, according to Barclays Head of Economics Research Christian Keller. In its 2021 outlook, the British lender has.

New employment data from the ADP for November has spurred fears that the labour market is losing momentum. The private sector added 307K new jobs, which is noticeably weaker than the 433K expected and 404K a month earlier. So instead.

Bitcoin has unsuccessfully tried to reach the long-awaited psychological level of $20K several times. All attempts so far have ended with profit-taking and correction. The main question that now concerns all participants of the crypto market – is the current.

The single currency rose sharply on Tuesday evening, taking EURUSD to 1,2080, new highs since April 2018, due to a difference in macroeconomic data. The sharp jump broke the established trading range and potentially opened the way for growth in.

Boris Johnson suffered a revolt by 55 of his own Conservative Party colleagues Tuesday — his biggest rebellion in a parliamentary vote since he won a historic majority at last December’s election. The scale of the Tory uprising over England’s.

The price of bitcoin was able to hit as high as $19,920, according to CoinDesk 20 data, before momentum stalled. Traders began hitting the sell button, taking the price to as low as $18,171 before it recovered. It was at.

Australia’s economy rebounded sharply in the third quarter from a coronavirus-induced recession as consumer spending surged though the country’s top central banker signalled monetary policy will stay accommodative for a while. Data out earlier showed the A$2 trillion ($1.5 trillion).