Market Overview - Page 268

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.

New data from Whalemap suggests that in order to maintain bullish momentum Bitcoin price needs to hold above the $14,914 level. Whale clusters, like the bubbles shown on the chart below, form when high-net-worth investors purchase Bitcoin and do not.

President-elect Joe Biden plans further meetings on Wednesday to lay the groundwork for his new administration while President Donald Trump pursues a flurry of lawsuits challenging the election results in an effort to cling to power. Trump’s unsupported charges of.

U.S. equity futures were higher in overnight trading on Tuesday, amid this week’s rotation out of technology stocks into cyclical names. Dow futures added 92 points. S&P 500 futures and Nasdaq 100 futures both traded in mildly positive territory. On.

Alibaba set a new sales record for the annual Singles Day shopping event, a feat that was overshadowed by a 8% stock plunge caused by proposed new Chinese antitrust regulation. Singles Day is typically a 24-hour shopping event in China.

The price of Bitcoin (BTC) has seen extreme volatility in the past 24 hours. After the Dow Jones Industrial Average abruptly rose by more than 800 points, BTC plunged in tandem with gold. Within five hours of achieving a four-day.

The Dow Jones Industrial Average rose on Tuesday, building on its sharp gains from the previous session as a market rotation out of names that thrived during the pandemic and into stocks linked to an economic recovery continued. The 30-stock.