Market Overview - Page 253

Oil rose for the fourth straight session on Wednesday as the market shrugged off an industry report showing U.S. crude stockpiles rose more than expected, extending a rally driven by hopes that a COVID-19 vaccine will boost fuel demand. Brent.

Stocks in Asia-Pacific mostly rose in Wednesday trade following a record session on Wall Street as coronavirus vaccine hopes and reduced uncertainty in U.S. politics buoy investor sentiment. In Japan, the Nikkei 225 rose 1.23% while the Topix index gained.

President Donald Trump’s trade tariffs have created “leverage” that the incoming Biden administration could use to get the outcomes it wants on the international stage, said former top White House trade negotiator Clete Willems. Trump slapped elevated tariffs on major.

Bitcoin climbed past $19,000 Tuesday as the world’s best-known cryptocurrency continues its 2020 surge. The price of bitcoin was trading about 4.25% higher for the session at $19,207, according to data from industry site CoinDesk. Bitcoin has been on a.

Hot on the heels of promising coronavirus vaccine news from the U.K. and U.S., Russia said Tuesday it will make its shot cheaper than its rivals and aims to produce 1 billion doses next year. “The cost of one dose.

Recently, there seems to be an intensified struggle between Europe and the USA for whose macroeconomic performance will more strongly exceed expectations. Yesterday it was the USA and today, it is Germany’s turn. Germany’s GDP recovery in Q3 was 8.5%,.

European markets gained on Tuesday as a prominent US independent agency formally accepts president-elect Joe Biden as the country’s next leader, which has added to market enthusiasm over a COVID-19 vaccine and that a global economic recovery is on its.

Bitcoin investors, which include top hedge funds and money managers, are betting the virtual currency could more than quintuple to as high as $100,000 in a year. It’s a wager that has drawn eye-rolls from skeptics who believe the volatile.

ETH 2.0’s beacon chain genesis has been confirmed for Dec. 1, following the transfer of 524,288 Ether from 16,384 validators into the ETH 2.0 deposit contract since it went live on Nov. 4. Despite early concerns stemming from low staking.

XRP price spiked to over $0.90 on U.S. cryptocurrency exchange Coinbase on Nov. 24 only to crash back down by roughly 30% in seconds. This was the highest price level since May 2018. XRP frenzy driven by Coinbase usersThe rally.

Global markets returned to growth on Tuesday, with demand for value stocks returning amid stronger-than-expected business reports in the US and several other countries. Strong preliminary PMI reports for Services and Manufacturing in November came as a surprise to markets.

Stocks gained on Tuesday as the formal go-ahead for U.S. President-elect Joe Biden to begin his transition added to an already brighter mood from progress made on COVID-19 vaccines and the prospects for a speedy global economic revival. European markets.