Market Overview - Page 304

The dollar was on the defensive against most currencies on Friday after a rise in U.S. jobless claims and a dip in Treasury yields dampened the appeal of holding the greenback. The yuan jumped to a seven-month high against the.

Over $50 billion of cryptocurrency moved from China-based digital wallets to other parts of the world in the last year, pointing to possibilities that Chinese investors are transferring more money than allowed out of the country, a new report claims..

Spot iron ore prices rose to around $130 a dry metric ton on Tuesday, according to commodity price reporting agency Argus. This is the highest level since 2014. Iron ore prices have soared to multi-year highs this week as Chinese.

U.S. stock futures rose on Thursday night as traders were set to end a week which saw the broader market reach a record level. Dow Jones Industrial Average futures traded 101 points higher, or 0.4%. S&P 500 and Nasdaq 100.

The American Nasdaq and S&P500 rewrote highs on Wednesday but soon turned down and continues to do so Thursday morning. The media associate the correction with the cautious forecasts of the Fed. However, on the contrary, this should be considered.

Gold will extend its record-setting rally on “massive currency debasement” and expectations for further stimulus, according to SkyBridge Capital, which recently added exposure to the metal after exiting in 2011. “When you think of currency debasement the question is, what.

Stocks fell across much of the world after the Federal Reserve signaled continued concern over the pandemic weighing on the world’s biggest economy. U.S. equity futures pared declines and Treasuries advanced before key data on U.S. unemployment. The dollar held.

A look at the difference between halving cycle highs, lows and halving prices delivers huge BTC price targets which their creator cautions are “hopium.” Bitcoin (BTC) needs to hit $340,000 just to match its performance from its last halving cycle,.

On August 11, the OECD signaled that it would be revising its 2020 real (inflation-adjusted) GDP forecast for South Korea from -1.2% to -0.8%, adding to the confidence that the country is faring better economically than any other OECD member..

Asian and European share markets fell on Thursday, after the U.S. Federal Reserve’s latest meeting minutes highlighted doubts about the recovery of the world’s largest economy and knocked Wall Street from recent record highs. MSCI’s broadest index of Asia-Pacific shares.

As the U.S.-China “tech war” widens, investors are betting on China’s efforts to replace U.S. technologies with indigenous applications to run networks in the state sector. In recent months, local governments and state firms such as China Telecom have announced.

Cryptocurrency bitcoin and Facebook-backed Libra could play a role in a world where central banks globally begin to issue their own digital currencies, a former top central banker told CNBC’s “Beyond the Valley” podcast. While both have had their critics,.