Market Overview - Page 280

Volatility across asset markets is fueling a bounce in the battered dollar, showcasing the currency’s safe-haven status amid worries over growth abroad and U.S. political strife. The buck is up nearly 2% in September as of Tuesday against a basket.

German retail sales rose much more than expected in August and unemployment fell further in September, boosting hopes that household spending in Europe’s largest economy will power a strong recovery in the third quarter from the coronavirus shock. The upbeat.

Gold prices rose above $2,000 per ounce last month, but have since experienced a sharp decline, cementing the reputation of serious resistance. The strengthening of the dollar that followed in September put even more pressure on quotations. However, the stabilization.

U.S. stock futures declined early Wednesday as traders digested the first U.S. presidential debate. Dow Jones Industrial Average futures pointed to an opening loss of more than 200 points. S&P 500 futures and Nasdaq 100 futures were also in negative.

As China’s leaders get ready to release their national development plan for the next five years, some government advisors emphasize the priority is building up China’s domestic strength. Chinese authorities have stepped up their efforts to shift the economy from.

The United States’ trade deficit in goods increased in August, with imports surging as businesses rebuild inventories which were depleted early in the COVID-19 pandemic, suggesting trade could be drag on economic growth in the third quarter. Still, the widening.

Industrial and construction material stocks will be among the sectors that will benefit as U.S. markets hit fresh highs over the next year, JPMorgan Private Bank’s Grace Peters told CNBC Tuesday. Peters, head of equities strategy at the wealth management.

A Citigroup Inc. model that predicted the recent slump in the ruble is indicating that more pain is in store for Russian markets, even after the central bank increased foreign currency sales. “The risk premium embedded in the ruble-dollar exchange.

For the few weeks Bitcoin (BTC) price has moved within a $850 range and recently the price resumed the trend of daily higher lows. Despite this, $11,000 remains a hurdle the price has struggled to overcome but one positive is.

European shares slipped on Tuesday as investors awaited the first U.S. presidential debate and eyed progress of a fiscal stimulus package in Washington. The broader Euro STOXX 600 fell 0.4%, eroding hefty gains from a day earlier, with indexes in.

U.S. President Donald Trump has repeatedly raised the possibility of divorcing the two economies. However, various data sets suggest the process may be quite challenging — at least for now — as the two countries have grown more connected over.

Investors should be putting their money in gold now, as it represents a “very good hedge” ahead of risk events such as the U.S. election, UBS Global Wealth Management told CNBC. “We like gold, because we think that gold is.