Market Overview - Page 259

Global markets soared on Monday after news of the successful results of the third phase of the joint Pfizer and BioNTech vaccine development. Futures on the S&P 500 and Dow Jones soared to new historic highs, but could not sustain.

As Bitcoin (BTC) blasted through the $14,000 level its market capitalization surpassed the monetary base of the Russian ruble. This measure includes both physical currency and bank reserves, both of which are usually held by a country’s central banks. The.

The hash power of the Bitcoin (BTC) network has jumped by roughly 30% over the past 24 hours, which if sustained, suggesting a major difficulty adjustment may soon be incoming. According to Coinwarz, Bitcoin’s hash rate currently sits at 157.5.

Oil prices rose on Tuesday as high hopes that a COVID-19 vaccine could be on the horizon were enough to cancel out fears that fuel demand is set to weaken in the near term in coronavirus-hit countries in Europe and.

There were just over 59,000 COVID-19 patients in hospitals across the United States on Monday, the country’s highest number ever of in-patients being treated for the disease, as new infections at record levels for the sixth consecutive day. The harsh.

The U.S. dollar is poised to further weaken, amid market views that geopolitical risks are falling after the election and that the next stimulus package will likely be smaller than expected, according to analysts. Citi Private Bank strategists predicted a.

European leaders have warmly congratulated Democrat Joe Biden following his projected election win, a victory that comes after four years of fractious relations with President Donald Trump. The transatlantic relationship deteriorated significantly after Trump’s arrival at the White House in.

The data do have limits. It isn’t known how well the shot works in key subgroups, such as the elderly. And it isn’t known whether the vaccine prevents severe disease, as none of the participants who got Covid-19 in this.

The European Union will slap tariffs on up to $4 billion worth of U.S. products Monday, after what it described as a “lack of progress” from America on resolving a long-standing dispute over aircraft subsidies. The EU and the U.S..

Futures on the S&P 500 and Nasdaq indices remain moderately positive, returning to historical highs of around 3,600 and 12,500 respectively. At the same time, the dollar breaks through to lows in two and a half years. The dollar and.

One of the most discussed topics within the crypto community recently has been PayPal’s announcement that its customers will be able to buy and sell cryptocurrencies. The service is expected to be fully rolled out early next year. The company’s.

Oil prices rose on Monday, with Brent topping $40 a barrel, after Joe Biden clinched the U.S. presidency and buoyed risk appetite, offsetting worries about the impact on demand from the worsening coronavirus pandemic Brent crude had climbed 91 cents,.