Market Overview - Page 292

The U.K. economy grew 6.6% in July on a monthly basis, according to initial estimates published Friday, as the economy seeks to recover from the sharp downturn caused by coronavirus-induced lockdown measures. July’s estimated growth in GDP (gross domestic product).

The British pound still being hit hard in September, with severe losses against the dollar and euro. The departure from the area around 1.35 at the beginning of the month due to dollar recovery has been replaced by a stronger.

Stocks fell in choppy trading on Thursday as tech shares struggled to build on the sharp rebound from the previous session. The Dow Jones Industrial Average traded 200 points lower, or 0.7%. Earlier in the session, the Dow was up.

The European Central Bank said it discussed the recent appreciation of the euro at its policy meeting on Thursday and will “carefully monitor” the exchange rate going forward. The euro hit a 1-week high of $1.1902 during the press conference.

The single currency has returned to the offensive, exceeding 1.19 for EURUSD and 0.92 for EURGBP. ECB President Lagarde’s comments on euro dynamics were not as aggressive as some feared. In her remarks, she noted that the dynamics of the.

The 60-day correlation between the two assets is hovering at record highs above 0.5, according to Coin Metrics data. The positive correlation has strengthened sharply since the beginning of July, as the U.S. dollar started taking a beating against other.

U.K. Prime Minister Boris Johnson is trying to shake up the trade talks that are a part of his country’s Brexit negotiations. But the latest move by the Conservative government could have the side effect of damaging relations with a.

After a bloody week for decentralized finance (DeFi) projects that saw numerous tokens plummet by up to 50%, the DeFi sector has rebounded by 19% in one day. Ether is also up 11% over the past 24 hours. According to.

The new development model will be discussed at a meeting of the ruling Communist Party in October, where policies are expected to be built into the next five-year road-map for the economy, policy insiders said. Xi in May proposed a.

The ECB will almost certainly keep the monetary policy unchanged later today. However, the following press-conference may prove to be key for the fate of the euro. The European currency has strengthened considerably in recent months, rising to 1.2000 at.

U.S. stock futures slipped in early Thursday morning trading following a rebound during market hours that stopped a three-day skid. Futures for the Dow Jones Industrial Average fell 104 points. Futures contracts for the S&P 500 and the Nasdaq 100.

Market watchers believe the European Central Bank (ECB) could fine-tune its policies this week, and may even follow the Federal Reserve by revising its inflation targets in the longer term. The ECB’s Governing Council convenes on Wednesday and Thursday to.