Market Overview - Page 278

Factors behind BTC’s recoveryThere are several key factors that aided the recovery of Bitcoin from the initial drop below $10,500. First, the U.S. dollar has declined in the past 14 days, indirectly causing BTC and gold to rally. Second, the.

President Donald Trump announced Tuesday that he was halting stimulus talks until after the election, causing stocks to drop suddenly before markets close. Trump’s declaration to end stimulus negotiations took Wall Street by surprise as the market rose in hopes.

Negative opinions about China have soared among countries and reached a record high for most of the 14 countries polled, according to a recent Pew Research Center. Negative views of China reached their “highest points” in 9 of those countries.

The U.K. economy grew 2.1% in August on a monthly basis, as the country’s gradual recovery from the coronavirus crisis continued, albeit at a slightly slower pace. August’s estimated growth in GDP (gross domestic product) was lower than expectations, with.

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.