Market Overview - Page 300

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%.

The Co-Founder and CEO of Bitmex, Arthur Hayes, has made a bold prediction that the price of Yearn Finance (YFI) will eventually hit $100,000. Mr. Hayes made this prediction not once, but on two occasions in the last 24 hours..

Oil and gas companies plunged over $156 billion into corporate takeovers and land deals during the second U.S. shale boom, in a massive bet that good times would continue and crude prices would rise. Many of those deals have become.