Market Overview - Page 254

President Donald Trump on Thursday admitted, for the first time in his own words, that President-elect Joe Biden’s administration would take charge on Jan. 20. Without mentioning Biden by name, Trump in a nearly three-minute video said “a new administration.

Markets turned to buy US equities and the US dollar in early trading on Wall Street amid investor optimism. Apart from news of Biden’s confirmation as president and the Democrats’ majority in the Senate, macroeconomic reports somewhat alleviated fears. Record.

The spread between the six-month implied volatility (IV) for ether (ETH, +7.29%) and bitcoin (BTC, +9.46%) – a measure of the expected relative price volatility between the two – has risen to a record high of 46%. That surpasses the.

On Wednesday, the decision by the United Kingdom’s Financial Conduct Authority to ban crypto futures and exchange-traded notes finally went into effect. The FCA initially announced the ban back in October 2020 following a year-long consideration of the matter. At.

The total market value of cryptocurrencies surpassed $1 trillion for the first time Thursday amid a frenzied and volatile rally in Bitcoin to yet another record. Cryptocurrencies hit the milestone after a fivefold climb in market value in the past.

Global markets are showing resilience after a day of violence rocked the U.S. Capitol, with investors firmly focused on the prospect for more economic stimulus and the likelihood that calm will prevail as Joe Biden takes the presidency. S&P 500.

The dollar edged higher on Thursday, hovering above its lowest levels in nearly three years on Thursday after Democrats won control of the U.S. Senate, clearing the way for possible larger fiscal stimulus under President-elect Joe Biden. Currency markets were.

The shares of Alibaba and Tencent saw heavy falls on Thursday after a report, citing several people familiar with the matter, suggested the Trump administration could be about to add the Chinese tech giants to a U.S. blacklist. The conglomerates.

China on Thursday tried to draw parallels between the U.S. riot on Capitol Hill and pro-democracy unrest in Hong Kong that took place two years ago. Chinese state media avoided sharing too much opinion on the news, though state-backed tabloid.

Global media have been reacting to the unprecedented scenes from Washington, where pro-Trump supporters stormed the U.S. Capitol, prompting a lockdown and causing lawmakers to flee to safety. Scenes of the angry mob gathering on the steps of the Capitol.

The turmoil in the USA with the storming the Capitol by Trump supporters had no lasting and visible impact on markets apart from a brief pull of the dollar and a sell-off in markets in favour of defensive assets. However,.

Enormous government stimulus and a busy printing press have revived fears of out of control inflation that plagued economists after the global financial crisis when unconventional monetary policies and huge fiscal stimulus were used so widely for the first time..