Market Overview - Page 298

The native cryptocurrency of the Ethereum blockchain, ETH was trading at $470 at press time – a level last seen in July 2018. Prices are up more than 100% this quarter alone, according to CoinDesk’s ether price index. As ether.

Apple Inc. has asked suppliers to build at least 75 million 5G iPhones for later this year, roughly in line with last year’s launch, in a sign that demand for the company’s most important product is holding up in the.

August has been a strong month for broad U.S. stock indexes — the best since the April bounce-back from the pandemic lows in March. In addition to the technology rally, there have been partial rebounds for troubled industries, including cruise.

The dollar dropped to a two-year low and U.S. futures climbed after Chinese manufacturing data indicated that exports are underpinning a recovery. European stocks pared gains amid a retreat in travel shares. The euro led the charge against the greenback,.

Analysts predict that the imminent launch of yETH by Yearn Finance could trigger a renewed surge in buying pressure on the ETH markets. The product, which is being voted on by YFI token holders, will automatically find the highest yielding.

Oil prices gained on Tuesday, reversing overnight losses, as investors moved into risk assets and stayed away from the safe-haven U.S. dollar which hit multi-year lows. Brent crude futures climbed 47 cents, or 1%, to $45.75 a barrel at 0635.

The Dollar’s demise continues following the Fed’s monetary policy framework changes. The dollar index has rewritten its August lows, falling to a new dip since May 2018. The world’s most popular currency pair, EURUSD, is trading one step away from.

China will likely become the world’s largest economy in a few years and it is preparing itself for major shifts in international trade. In a world rocked by the coronavirus pandemic and tensions with the U.S., the Chinese government has.

Results of a private survey on Tuesday showed China’s manufacturing activity expanded in August at the fastest pace in nearly a decade. The Caixin/Markit manufacturing Purchasing Managers’ Index (PMI) came in at 53.1 for August, compared to 52.8 in July..

The Dow and broader U.S. stock market were mixed during Monday’s open, as Apple (NASDAQ:AAPL) and Tesla (NASDAQ:TSLA) began trading at their new split-adjusted price. While not a component of the Dow or S&P 500, Tesla has become an important.

Ether (ETH) options open interest grew by 230% to reach $393 million in the past three months. Although this is an impressive figure, it doesn’t fully reflect how the derivative instruments being used. The first thing one should take note.

European shares closed lower on Monday in the last session of the month, while trading volume was thin as U.K. markets were closed for a public holiday. The Stoxx Europe 600 Index lost 0.6%, after rising as much as 0.7%.