Market Overview - Page 296

The cautious strengthening of the Dollar continues, and this is not yet a signal of a widespread exit from risk assets, but a sign that the Dollar is recovering from its 12% slump between March and early September. This marked.

Four months ago, Abolaji Odunjo made a fundamental change to his business selling mobile phones in a bustling street market in Lagos: He started paying his suppliers in bitcoin. Odunjo sources handsets and accessories from China and the United Arab.

U.S. West Texas Intermediate (WTI) crude futures fell $1.07, or nearly 3%, to $38.70 per barrel at 0635 GMT, playing catch-up with a drop in Brent prices overnight. Brent crude futures eased 15 cents, or 0.4%, to $41.86 a barrel,.

The world’s third-largest economy shrank an annualised 28.1% in April-June, more than a preliminary reading of a 27.8% contraction, revised gross domestic product (GDP) data showed on Tuesday, suffering its worst postwar contraction. The data will put the new prime.

Tech stocks are unequivocally in “bubble” territory, a chief investment officer told CNBC on Monday, but that’s not to say the recent “tech wreck” is going to continue in the short term. U.S. stocks closed lower for the second consecutive.

Futures on the Dow Jones Industrial Average gained 305 points. S&P 500 futures and Nasdaq-100 futures also traded in positive territory. Stocks just snapped a five-week winning streak after a big reversal in major technology stocks last week. Steep losses.

Bitcoin (BTC) hit fresh lows on Sep. 7 as renewed selling pressure saw the largest cryptocurrency return to the $9,800 range. Data from Coin360 and Cointelegraph Markets showed more trouble for BTC/USD on Monday, the pair hitting $9,880 — its.

China has lashed out at the U.S. government over potential export restrictions on SMIC, the country’s biggest chipmaker. The U.S. Department of Defense said Saturday that it was considering adding SMIC to the Commerce Department’s so-called Entity List, which would.

The Europe Stoxx 600 rose Monday with broad gains across industry groups. Oil slumped on a price reduction by Saudi Arabia. The dollar strengthened while Treasury yields were little changed. Gold fell. Stock futures pointed to further losses for American.

While the cryptocurrency has declined from $12,400 to $10,000 in the past three weeks, the number of “accumulation addresses” has increased by 2% to 513,000, according to data source Glassnode. “Lots of new daily buyers are coming in to absorb.

During a 30% price drop at the beginning of September, at least 68 Ethereum whales joined the network, potentially adding millions in holdings. According to Crypto Twitter user Ali Martinez, data from analytics site Santiment shows the number of investors.

U.K. house prices saw their biggest growth since 2016 in August, climbing to a record high, according to Britain’s longest-running barometer of the property market. The Halifax House Price Index, which is run by analysis company IHS Markit, found that.