Market Overview - Page 303

European stocks rallied to a one-week high and equity futures climbed on signs that the Trump administration may fast-track vaccines and treatments for coronavirus. Market sentiment was supported by news over the weekend that the U.S. Food and Drug Administration.

Turkey is poised to produce a record amount of gold this year and the central bank will probably buy all of it — at prices near record highs. Production by one of the world’s top buyers of the precious metal.

The S&P 500 hit a new all-time high last week. It’s not the first time the stock market traded to an all-time while still in a recession. It happened four times before, during the recessions of 1961, 1980, 1982, and.

Crude oil prices rose on Monday as storms closed in on the Gulf of Mexico, shutting more than half its oil production, and on signs of progress in development of a COVID-19 treatment. Brent crude was up 32 cents, or.

The weakening U.S. dollar is set to slide even further, but its importance as the world’s reserve currency is unlikely to be diminished, according to analysts. The greenback had benefited as investors flew to safety amid the pandemic, which drove.

A majority of stock market strategists polled by CNBC expect Democratic candidate Joe Biden to win the U.S. presidential race — but they’re significantly split on what the election would mean for stocks. Fourteen of 20 strategists surveyed by CNBC.

The price of gold has declined by more than 6% since it peaked at $2,075 on August 6. Analysts attribute the fading momentum of gold to the recovery of the U.S. dollar. Three factors appear to be leading the sentiment.

The number of initial jobless claims in the USA unexpectedly increased last week to above 1.1M. On average, analysts expected this number to fall to 0.93M from 0.97M a week earlier. Elsewhere, the number of continued claims has declined to.

At one point on Thursday, it appeared that markets were falling and the dollar was on its way to a corrective upswing. However, buyers took the upper hand. By the end of the day, demand for risk assets has returned.

While U.S. crude stockpiles fell last week, the outlook for consumption is gloomy. October oil was steady near $43 a barrel and up 1.5% for the week. Futures surged to a five-month high on Monday on fresh China stimulus and.

Grayscale notes that long term holders are increasingly dominating the Bitcoin markets over short-term speculators, driving demand relative to supply. A new report by crypto fund manager Grayscale Investments argues that the current Bitcoin (BTC) market structure “parallels that of.

The native token for OMG Network has more than doubled in the past week as record Ethereum fees lead some investors to look to layer 2 solutions. CoinGecko data shows OMG tokens have increased 115% from $1.70 to $3.65 in.