Market Overview - Page 286

Stocks climbed on speculation that talks about a new round of economic stimulus will resume. The S&P 500 rose on a news report that Treasury Secretary Steven Mnuchin plans to resume negotiations with House Speaker Nancy Pelosi. He told a.

The number of first-time filers for unemployment benefits were slightly higher than expected last week as the labor market continues its sluggish recovery from the coronavirus pandemic. The Labor Department reported Thursday that initial jobless claims for the week ending.

US weekly unemployment claims once again fell short of expectations. The number of initial claims rose from 866K to 870K with expectations of 845K. The number of continued claims fell from 12.75M to 12.58M, worse than the expected 12.3M. Continued.

Fresh off a summer of relative freedom after harsh lockdowns at the beginning of the pandemic, Europe is trying a new strategy to halt the coronavirus’s next surge: Lockdown Lite. Unlike the blanket stay-at-home orders that characterized responses to Covid-19’s.

The US dollar returned to growth yesterday afternoon, but this time stock indices failed to accompany it. As might be expected, the simultaneous growth impulse for the dollar and US markets is rarely sustainable. Among the reasons for the recent.

Crypto market data aggregator Glassnode has published data indicating that Bitcoin’s (BTC) realized capitalization has increased by more than 50% since tagging its all-time high of $20,000 at the end of 2017. The realized capitalization metric measures the value of.

A sell-off in global risk assets drove European equities to near three-month lows on Thursday, as the absence of fresh stimulus for the U.S. economy and a second wave of coronavirus cases raised fears of a slowing global recovery. The.

President Donald Trump refused Wednesday to commit to a peaceful transition of power if he loses the 2020 election to Democratic nominee Joe Biden. “Well, we’ll have to see what happens. You know that. I’ve been complaining very strongly about.

Stock futures fell during early morning trading on Thursday, building on Wednesday’s heavy losses that saw the S&P 500 tumble more than 2%. Futures contracts tied to the Dow Jones Industrial Average fell back into negative territory and declined about.

Europe is now grappling with a second wave of coronavirus infections that could once again wreak significant damage on the region’s economy. The euro zone, the area that shares the single currency, saw its economy tank by 11.8% in the.

Gold’s Outperformance of Stocks Could Be EndingOver the past year, gold prices have surged nearly 25%. That’s on top of gains the metal has shown since 2016. In the same period, stocks have dealt with a swift and massive bear.

The damage to labor markets from the coronavirus is proving worse than anticipated, according to the International Labour Organization, which also sees a much slower recovery at the end of this year. The ILO said that global working hour losses.