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Market Overview - Page 281


U.S. weekly jobless claims fall modestly; labor market recovery slowing
U.S. weekly jobless claims fall modestly; labor market recovery slowing.

The number of Americans filing new claims for unemployment benefits fell only slightly last week, adding to signs that the economic recovery was losing steam as the COVID-19 pandemic intensifies and fiscal stimulus ends. The economy could be plunged into.

Dollar drops as stocks surge, Fed meeting in focus
Dollar drops as stocks surge, Fed meeting in focus.

The U.S. dollar fell to two-week low against a basket of currencies and a seven-month low against the Japanese yen as surging stock markets reduced demand for the greenback, and before the Federal Reserve will conclude its two-day meeting. Democrat.

ETH breaks multiple records as ETH 2.0 approaches
ETH breaks multiple records as ETH 2.0 approaches.

Ethereum (ETH) has hit multiple records amid news that ETH 2.0 could launch as early as Dec 1, according to crypto analytics firm Glassnode. Today’s launch of the deposit contract introduced the ability for users to deposit 32 Ether required.

$5M staked in eight hours as community cautiously backs ETH 2.0
$5M staked in eight hours as community cautiously backs ETH 2.0.

The long awaited deposit contract for Ethereum 2.0 has finally been deployed opening the doors to staking opportunities for ETH holders. Deposits began in earnest with over $1 million in ETH landing in the contract within the first half an.

Shares and bonds gain as Biden inches toward victory
Shares and bonds gain as Biden inches toward victory.

Europe and Asia’s stock markets climbed and bonds extended their rally on Thursday as Democrat Joe Biden inched closer to winning the White House and Britain’s central bank become the latest to shovel in additional stimulus. Biden is now favoured.

The EU is about to announce new rules for Big Tech
The EU is about to announce new rules for Big Tech.

The European Commission is about to propose a “revolutionary” overhaul of digital regulation that could hurt the business models of Big Tech, industry experts told CNBC. The Digital Services Act, due to be presented in early December, is expected to.

Markets grow on support hopes from G7 central banks
Markets grow on support hopes from G7 central banks.

The winner of the US Presidential Race is still uncertain, and vote count continues. Both Trump and Biden say they are on their way to victory, but this confrontation promises to escalate into lawsuits and further counting of votes. The.

Bank of England boosts bond buying as new coronavirus lockdown begins
Bank of England boosts bond buying as new coronavirus lockdown begins.

The U.K.’s central bank on Thursday held interest rates steady as England enters a fresh period of national lockdown measures expected to hit the country’s economic recovery. Along with maintaining its main lending rate at 0.1%, the Bank of England’s.

Turkish Lira Drops as Rate Policy Takes Priority Over U.S. Vote
Turkish Lira Drops as Rate Policy Takes Priority Over U.S. Vote.

The Turkish lira resumed its drop as early presidential election results in the U.S. pointed to a closer race than polls had predicted, while traders focused on the prospects for a local interest-rate hike. The lira fell as much as.

France, Germany and England impose new lockdowns
France, Germany and England impose new lockdowns.

People are tired in France where President Emanuel Macron imposed the country’s second nationwide lockdown beginning Friday to combat a resurgence of the coronavirus outbreak in Europe, says Parisian videographer Joseph Savage. “There was a kind of united front the.

ADP reported jobs recovery has slowed
ADP reported jobs recovery has slowed.

Both candidates, Trump and Biden, retain their chances for a win, but the macro data take its turn. Recent ADP statistics have disappointed the weak growth in private sector employment. The report says that the private sector added 365K new.

US Elections: For markets, it doesn’t matter who wins, but how quickly
US Elections: For markets, it doesn’t matter who wins, but how quickly.

Americans have already cast their votes, all that remains now is to clarify results definitively. Preliminary results (about 85% of the votes counted) show a shaky Biden leadership. 449 out of 538 votes counted: 236 for Biden vs 213 for.

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