Market Overview - Page 275

Stock indices are strengthening and the pressure on the dollar is gaining momentum. Futures on the S&P 500 added more than 3.6% within two days, more than recovering from the drop it took on news of pausing the relief package.

Turkey’s currency dropped to a historic low on Thursday, with the U.S. dollar buying 7.942 lira by late afternoon in Istanbul. The move is the latest in more than two years of consistent depreciation of the Turkish currency, most recently.

The housing market is in trouble after the Trump administration reaffirmed it is moving away from stimulus talks until post-election. While Trump seemed to flip-flop on the idea Wednesday morning, the president is open to signing a slimmed-down stimulus bill.

The DeFi markets took a sharp downturn yesterday, with the combined capitalization of DeFi assets falling 25% while volumes shrunk 30%. The decentralized finance (DeFi) bubble continues to deflate, with crypto market data firm Sentiment reporting a 25% crash in.

There are now 2,189 billionaires globally with a combined wealth of $10.2 trillion, as the pandemic-induced stock market rally catapulted the net worth of the world’s uber wealthy to a new high. As of July 2020, Asia-Pacific accounted for the.

Prices for oil and agricultural products rose significantly from multi-year lows earlier this year, where the pandemic sent them. With governments and central banks focusing on supporting household consumption, the cost of food and energy may continue to rise for.

So-called “silent spreaders” of the coronavirus could be more common than previously thought, with a U.K. study finding that more than two thirds of people who tested positive for the virus were asymptomatic on the day they took a test..

There is “clear evidence of collusion” between Huawei and the “Chinese Communist Party apparatus,” a new report from U.K. lawmakers claimed. British members of parliament also suggest the Chinese telecom giant’s equipment could be stripped out of the country’s networks.

The S&P 500 rose more than 1% after a barrage of overnight tweets from the president supporting $1,200 stimulus checks, $25 billion to hard-hit airlines and $135 billion for small businesses. The benchmark slumped 1.4% Tuesday when Trump abruptly called.

U.S. stocks rose on Wednesday after President Donald Trump tweeted support for aid to airlines and other stimulus measures, stoking hope that a smaller aid package could be passed by lawmakers. The Dow Jones Industrial Average traded 418 points higher,.

Wheat prices reached a 5-year high this week, going above the round level of $6 per bushel. Soybeans also reached two and a half year highs, exceeding $10.5 per bushel. Buyers try to assess supply risks due to dry weather.

According to data from on-chain analytics provider Glassnode, the Ethereum hash rate hit an all time high of more than 250 terahashes per second (TH/s) on Oct. 6, marking an 80% rise since January. Glassnode reported that a surge in.