Market Overview - Page 256

The vaccine rally at the beginning of the week is showing more and more signs of exhaustion. The S&P 500 closed on Wednesday near its historic highs, but futures on the index on Thursday morning gave up the gains of.

Asian shares pared their gains in choppy trade on Thursday as investors awaited further details on whether drugmakers can develop a coronavirus vaccine. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.06% to 609.41, which is near its January.

Institutional money appears to be flowing into the decentralized finance (DeFi) sector, with Yearn Finance (YFI) among the top beneficiaries. According to crypto market data aggregator IntoTheBlock, on-chain transactions of $100,000 or higher have increased by 282% over the past.

Apple should invest a portion of its massive cash reserves in Bitcoin, Toroso Investments’ portfolio manager Dan Weiskopf posted earlier today on the ETF Think Tank website. The site’s lead ETF strategist’s call follows in the footsteps of MicroStrategy CEO.

Sony Corp’s PlayStation 5 (PS5) console launched in core markets on Thursday to intense interest online, but with first day real-world sales limited to pre-order pick-ups due to the COVID-19 pandemic that has driven a boom in gaming demand. Sony.

The demand for imported items by Chinese consumers is not as strong as before, according to a partner in management consulting firm Oliver Wyman. “It remains a strong appeal, but there is less appeal for imported products than there was.

Chinese e-commerce giants Alibaba and JD.com racked up around $115 billion in sales across their platforms during the Singles Day shopping event, both setting new records. The record sales number comes as the Singles Day event, also known as Double.

The U.S. dollar rose and the safe-haven yen weakened again on Wednesday as the markets continued to adjust to higher interest rates and prospects for economic growth following news on Monday of encouraging results for a coronavirus vaccine. The euro.

Russia said Wednesday its coronavirus vaccine is 92% effective at preventing people from getting Covid-19, based on interim trial results. The announcement by Russia’s sovereign wealth fund RDIF came two days after U.S. pharmaceutical giant Pfizer and its German partner.

Oil is growing steadily this month and since the beginning of the week, it has climbed by 12.5% for WTI and 11.5% for Brent. Both popular oils have returned to their 2-month highs, although they opened November with a drop.

The Bitcoin network mempool shrank to its smallest size since mid-October this week after the network’s hash power soared. The clear mempool meant that that thousands of stuck transactions pending confirmation were included in recent blocks, leaving very few unconfirmed.

Britons who returned to the workforce after the U.K.’s first lockdown this year received a harsh welcome. The number of people moving from economic inactivity to unemployment surged to a record in the third quarter as new job seekers struggled.