Market Overview - Page 289

Oil and gas companies worldwide are taking an axe to their employment rolls, shedding workers to survive what is expected to be a prolonged stretch of weak demand. Exxon Mobil Corp said it will cut its workforce by 15%, or.

Gold demand in India fell 30% in the previous quarter, but a sense of “cautious optimism” has returned to the market, according to the World Gold Council. India is one of the largest markets for gold. Jewelry demand in India.

U.S. stock futures fell in early morning trading Friday after some of the technology heavyweights came under pressure following their quarterly reports. Futures on the Dow Jones Industrial Average dropped 482 points. S&P 500 futures and Nasdaq-100 also traded in.

Chinese financial technology giant Ant Group looks set to make the world’s largest stock market debut. Ant, backed by Jack Ma, billionaire founder of e-commerce platform Alibaba, is to sell shares worth about $34.4bn (£26.5bn) on the Shanghai and Hong.

Coming off the worst quarter in history, the U.S. economy grew at its fastest pace ever in the third quarter as a nation battered by an unprecedented pandemic started to put itself back together, the Commerce Department reported Thursday. Third-quarter.

Following the ECB meeting, the single currency loses 0.8% against the dollar to 1.1660, the lowest over the month. The European Central Bank kept its monetary policy unchanged but signals for more easing in December. Lagarde noted a “clear” downward.

Bitcoin’s first attempt in three years to overcome $14K failed. Sellers intensified as the first cryptocurrency approached $13,800 due to the storm on the European and U.S. stock markets. However, the larger the Bitcoin correction, the more impressive the rebound.

The Governing Council of the European Central Bank will meet this Thursday for a scheduled monetary policy meeting, and the backdrop couldn’t be bleaker. Lockdowns are being re-imposed across Europe as Covid-19 cases are surging and the economic outlook is.

The markets on Thursday appear much calmer than on Wednesday, whilst the news background has not changed at all: COVID-19 statistics continue to break records, with more than 500K new cases reported over the past 24 hours. Germany and France.

A total of 62K Bitcoin (BTC) options are set to expire this Friday, and this is equivalent to $830 million in open interest. These massive numbers fail to reflect the fact that 58% of these options are now deemed worthless..

China’s major state-owned banks have been swapping U.S. dollars for yuan this week, traders said on Thursday, suggesting monetary authorities are trying to rein in the sharply appreciating currency. Those operations in the onshore currency swap market have caused the.

Oil prices fell on Thursday, extending a 5% slump in the previous session, as governments’ renewed restrictions to curb a second wave of coronavirus infections and signs of a growing global oil supply glut send prices tumbling. U.S. West Texas.