Market Overview - Page 247

Stocks rose slightly on Friday as traders pored through the latest U.S. jobs report, putting the major averages on pace for another weekly advance. The Dow Jones Industrial Average traded higher by 150 points, or 0.5%. The S&P 500 gained.

The US labour market added 245K jobs in November vs 480K expected and 610K a month earlier, according to the new NFP report. Growth in the private sector and manufacturing was significantly worse than anticipated. The fall in the unemployment.

The dollar started December with a sharp weakening. At the very beginning of the month, EURUSD crossed 1,2000, after which the fall of the dollar began to gain momentum. The Euro broke out of its trading range at 1.16-1.20, where.

The bitcoin market is back to trending towards bullish territory after a flat Wednesday made it clear traders were taking a bit of a breather. The price was able to go as high as $19,607 but lost steam at $19,363,.

Ripple chief technology officer David Schwartz has admitted the company could be forced by validators to burn its 48 billion XRP tokens, regardless of if it agrees with the decision or not. The company currently holds half the total XRP.

Did a surge in coronavirus cases and deaths in recent weeks trigger the first drop in U.S. employment in November since the onset of the pandemic last spring? Some economists think so. A few Wall Street forecasting firms such as.

European markets edged slightly higher on Friday as investors monitor prospects of a U.S. stimulus package and a last-minute Brexit trade deal. The pan-European Stoxx 600 gained 0.2% in early trade, with oil and gas stocks climbing 1.2% to lead.

OPEC and non-OPEC allies, after days of tense discussions, agreed on Thursday to increase production by 500,000 barrels per day beginning in January. This will bring the total production cuts at the start of 2021 to 7.2 million bpd. Ahead.

Asian stocks look set to outperform global markets next year as an “earnings super-cycle” is expected to kick off across the region, Credit Suisse said. The Swiss bank has forecast 19% in U.S. dollar returns for the MSCI Asia excluding.

S&P Dow Jones Indices — a joint venture between S&P Global, the CME Group and News Corp — will debut cryptocurrency indexes in 2021, it has confirmed. In a press release on Thursday, S&P DJI describes Bitcoin (BTC) and altcoins.

OPEC and non-OPEC allies resumed talks on Thursday to iron out oil production policy for next year, seeking to build consensus over how to tackle weak demand amid a new wave of coronavirus cases. OPEC and its partners, known collectively.

The markets are witnessing an intensified dollar sale, affecting a wide range of assets, but not Crude Oil. Oil grew throughout November but somewhat lost momentum at the end of the month. The events of early December bring back optimism.