Market Overview - Page 250

The euro retreated on Thursday after briefly hitting a near three-month high against the dollar as concerns about rising coronavirus cases in Europe grew. The dollar had earlier been on the defensive on downbeat U.S. economic data and optimism about.

U.S. markets are closed for Thanksgiving today, and not much data has been published. Among the important data is the publication of the German consumer climate index from GfK, which fell by December to -6.7 vs -3.2 a month earlier.

Bitcoin (BTC-USD) is back. The most popular cryptocurrency has breached $19,000 and is approaching the record high it touched in 2017, before a spectacular crash. Longtime bull Mike Novogratz said bitcoin is a solid buy for everyday investors. “Bitcoin is.

Brian Armstrong is worried the Trump Administration is about to send the cryptocurrency industry a parting gift. The Coinbase CEO took to Twitter Wednesday night to blast the U.S. Treasury Department’s rumored plans to attempt to track owners of self-hosted.

Bitcoin (BTC) price fell by a whopping 16% to $16,334 on Nov. 26 since achieving its peak at $19,484 the previous day. Data suggests that cascading liquidations were the driving force of the massive correction. Prior to the pullback, the.

European shares were mixed on Thursday and world shares held near all-time highs after a strong Asian session in which market euphoria around COVID-19 vaccines, Joe Biden’s U.S. presidential election win and hopes for further stimulus outweighed worsening U.S. data..

Disney is expanding the scope of its layoffs to around 32,000 workers as the coronavirus pandemic continues to pummel the theme park industry. In an SEC filing published Wednesday, the company revealed that thousands of employees will have their jobs.

There’s one thing that most people are agreed upon as the festive season approaches and the coronavirus pandemic continues: Christmas is not going to feel the same this year. Governments across Europe have been holding meetings in recent days to.

Applications for U.S. state unemployment benefits unexpectedly rose for a second straight week in the first back-to-back increase since July. The data indicate that soaring coronavirus cases and fresh lockdowns are spurring a new wave of layoffs. Initial jobless claims.

The U.K. announced Wednesday its largest peacetime borrowing level ever as the coronavirus pandemic is forecast to cause the largest plunge in economic output for 300 years. The British economy is forecast to contract by 11.3% in 2020, according to.

The US Initial claims number has been increasing for the second consecutive week, with a recent report showing 778K for the week to November 21 vs 748K a week earlier and expectations of a decline to 732K. The upward turn.

Global markets made record highs on Wednesday morning following a rally of key US indices. Dow Jones managed to close above 30,000 for the first time in history, Nasdaq climbed above 12,000 and S&P 500 closed above 3,600 on Tuesday..