Market Overview - Page 264

The year 2020 sucked for pretty much everyone. Unless you’re holding Bitcoin (BTC) that is. The price of Bitcoin is up 125% year-to-date making it once again the best-performing asset just as it has been for the past decade. Strangely.

U.S. stocks rose on Friday as investors bet again on stocks that would benefit from a potentially effective vaccine and economic recovery next year. The S&P 500 advanced 1.4% to 3,585.15, and posted a record closing high. The Dow Jones.

For the second time this year, the Coronavirus impact is increasingly evident in macroeconomic reports. The University of Michigan consumer sentiment index has interrupted the recovery, falling from 81.8 to 77, according to a preliminary November estimate. The reversal came.

Within the last hour Bitcoin (BTC) price surged through the $16,200 level to secure a new 2020 high at $16,473. The 6.62% move brings the top-ranked digital asset closer to closing a CME gap in the $16,465 to $16,570 zone.

The increasing number of global coronavirus infections is preventing markets from completely departing from current pandemic trends and entering a new phase. For the equity market, this results in renewed pressure on company shares in affected sectors. In commodities and.

Asian shares eked out gains on Friday and U.S. stock futures turned higher after U.S. president-elect Joe Biden was projected to win the battleground state of Arizona, cementing his win for the office. The projection by Edison Research dealt another.

Europe’s benchmark stock index fell on Friday, setting up to end its second straight week of gains on a glum note, as surging coronavirus cases compounded fears of the damage to the bloc’s economy in the coming winter months. The.

On Thursday, PayPal’s crypto trading and payments went live for all eligible customers in the United States. Per its updated announcement, PayPal ended its waitlist for customers looking to use cryptocurrency in the U.S. Trading features a limit of $20,000.

The Chinese yuan, which has steadily strengthened this year, spiked even further in the days leading up to and after Joe Biden’s projected election victory. Analysts have flagged that a Biden win is likely to be more bullish for the.

China’s technology giants are firmly in the crosshairs of the country’s regulators who are trying to figure out how to create a set of antitrust rules that can keep these firms in check. Experts say Beijing will need to ensure.

U.S. job openings increased less than expected in September while hiring fell, suggesting the labor market recovery was petering out even before a resurgence in new COVID-19 cases which is expected to slow momentum. Though the Labor Department’s monthly Job.

Inflation data for Germany and the USA published today highlighting the general trend (slowing) and the significant differences in the current state of the European and US economies. In October, prices in Germany were -0.2% YoY and in the USA,.