Market Overview - Page 279

Demand for risk assets continues to cautiously recover in global markets this week. The S&P500 and Nasdaq100 indices rose almost 0.8% on Wednesday, and futures on these indices are adding another 0.6% during Asian trading. Futures on the Nikkei225 are.

Emerging Ethereum-powered predictions platform Polymarket produced six-figure volume amid the first presidential debates. The first debate of the 2020 U.S. presidential election had no clear winner, but crypto-powered prediction platforms are having a field day.

The dollar fell to a nine-day low on Thursday, as robust U.S. data and hopes for U.S. fiscal stimulus left investors confident enough to seek out riskier currencies. The Chinese yuan gained the most against the dollar, reach a year-and-a-half.

Oil prices fell on Thursday as rising coronavirus cases dampened the demand outlook, with further price pressure from a rise in OPEC output last month, though losses were capped by renewed hopes for U.S. fiscal stimulus. Brent crude futures fell.

U.S. President Donald Trump signed a stopgap funding bill on Thursday that would keep the federal government open through December 11, the White House said in a statement. Trump signed the measure into law shortly after government funding ran out.

The U.S. and China have “diametrically opposed values” and will eventually slip into a “new cold war” in the coming decades, said a China analyst from Fitch Solutions. “By a new cold war, I mean an all out, perhaps generation.

Japan’s Tokyo Stock Exchange halted trading on Thursday due to a technical issue, while many major markets in the region are closed for holidays. Japan Exchange Group said in a Thursday release that the Tokyo Stock Exchange has stopped trading.

U.S. stocks climbed in volatile trading on Wednesday, paring the steep losses in September. The Dow Jones Industrial Average last traded up 260 points, or 0.9%, after jumping 550 points at its session high. The S&P 500 gained 0.6%, while.

Chancellor Angela Merkel has vowed to avoid another full national lockdown as coronavirus infections begin to spike again in Germany. Like its European neighbors, Germany has not been spared a second wave of the virus after the region’s economies reopened.

The ADP employment data for September showed an increase of 749K private employments, better than the forecasted 650K. Most of this growth above expectations should be attributed to the lower expectations after three months of a significant undershoot. We should.

A Major Money Manager Doesn’t See a Contested Election Ruining the MarketsAccording to WealthWise Financial CEO Loreen Gilbert, a highly contested and controversial election is unlikely. Even then, the S&P 500 would be able to gauge the winner as the.

Over the last few months, DeFi protocols including Yearn.Finance, Compound, Synthetix, and Chainlink have seen their token prices go through the roof, sparking talk that the long-awaited bull market might be here. The DeFi boom is built on Ethereum and.