Market Overview - Page 263

OPEC and non-OPEC allies, after days of tense discussions, agreed on Thursday to increase production by 500,000 barrels per day beginning in January. This will bring the total production cuts at the start of 2021 to 7.2 million bpd. Ahead.

Asian stocks look set to outperform global markets next year as an “earnings super-cycle” is expected to kick off across the region, Credit Suisse said. The Swiss bank has forecast 19% in U.S. dollar returns for the MSCI Asia excluding.

S&P Dow Jones Indices — a joint venture between S&P Global, the CME Group and News Corp — will debut cryptocurrency indexes in 2021, it has confirmed. In a press release on Thursday, S&P DJI describes Bitcoin (BTC) and altcoins.

OPEC and non-OPEC allies resumed talks on Thursday to iron out oil production policy for next year, seeking to build consensus over how to tackle weak demand amid a new wave of coronavirus cases. OPEC and its partners, known collectively.

The markets are witnessing an intensified dollar sale, affecting a wide range of assets, but not Crude Oil. Oil grew throughout November but somewhat lost momentum at the end of the month. The events of early December bring back optimism.

This year is on track to be the second hottest on record, behind 2016, the World Meteorological Organization (WMO) said on Wednesday. Five data sets currently place 2020, a year characterised by heatwaves, droughts, wildfires and raging hurricanes, as the.

After an impressive run to a new all-time high on Dec.1, Bitcoin (BTC) price appears to have entered a short consolidation phase as the price ranges between $18,200 and $19,500. The 1 and 4-hour charts show the price compressing into.

Oil prices fell on Thursday as producers including Saudi Arabia and Russia locked horns over the need to extend record production cuts set in place in the first wave of the COVID-19 pandemic. Brent crude was down 15 cents, or.

The dollar slid to a 2-1/2-year low against a basket of major currencies on Thursday as investors wagered that more economic stimulus from Washington and the expected start of COVID-19 vaccinations would support riskier assets. While U.S. legislators have failed.

More than 100,000 people are currently in hospitals across the U.S. sick with Covid-19, as the pandemic pushes doctors, nurses and other health workers to their limits. The current number of hospitalized patients underscores the scope and severity of the.

With the recent spate of bond defaults in China, investors should be looking to put their money into Chinese central government bonds which are “unlikely to default,” according to an economist from research firm TS Lombard. Last month, a series.

As bitcoin continues to set new price highs, its network is also seeing record-breaking user activity. As of Tuesday, there were 432,451 “active entities” – wallet clusters controlled by a single participant that sent or received funds in a 24-hour.