Market Overview - Page 286

The next phase of the economic recovery is likely to be driven by commodity-intensive infrastructure investment, analysts have told CNBC, potentially setting the stage for further gains across the industrial space in the coming months. “We’ve already seen a metals-intensive.

Macroeconomic data for the UK remains on the bright side, despite a recent increase in the number of new coronavirus cases and new restrictive measures. As in the USA, UK Retail Sales indexes have quickly overcome the coronavirus collapse and.

The Federal Reserve’s average inflation policy and the threat of an asset bubble aren’t moving the stock market. It shows that investors are still skeptical toward the Fed that it would let inflation run high. At least in the near.

Health Secretary Matt Hancock declined to rule out a second national lockdown and said the acceleration of coronavirus cases and hospital admissions across the U.K. represents a “big moment” for the country. “I have learned over the last nine months.

Oil prices rose for a fourth day in a row on Friday, putting crude on track for a weekly gain of about 10%, after Saudi Arabia pressed allies to stick to production quotas and banks including Goldman Sachs predicted a.

Ethereum miners’ hourly revenue has hit a five-year record, with fees currently bringing in 2,275 ETH ($880K) per hour. The spike was triggered by yesterday’s announcement that Uniswap would airdrop it’s governance token UNI to past users of the decentralized.

European stocks struggled for momentum in early deals on Friday, with a resurgence in coronavirus cases across the continent raising concerns about its impact on a nascent economic recovery. The pan-European STOXX 600 index slipped 0.1% by 0708 GMT, with.

Stock futures hovered near breakeven in Thursday evening’s after hours trading, following a volatile session that saw big tech stocks sell off sharply once again — which dragged the broader market down with them in spite of encouraging jobless data..

The Turkish lira fell to a record low after the U.S. Federal Reserve’s downbeat assessment of the economic outlook on Wednesday spurred demand for safer assets. The currency declined as much as 0.7% to 7.5574, extending a losing streak that’s.

Between Sep. 9 and 16, the price of Bitcoin (BTC) rose by over 11%. Similarly, in the same period, Tesla stock (TSLA) surged from $330.21 to $449.76, by 36.2%. Tesla stock and the Bitcoin price have seen an uncanny correlation.

The lack of a killer dovish catalyst from the latest Federal Reserve meeting triggered a near-term rally in the dollar as sizable short positions in the under-pressure currency were unwound. Despite Chair Jerome Powell emphasizing unprecedented accommodative policy for at.

The U.S. government is awash in debt and red ink — and neither President Donald Trump or his Democratic challenger appear bothered by the status quo, an analyst told Yahoo Finance on Wednesday. Last week, the Treasury released data showing.