Market Overview - Page 307

Weekly data on US unemployment claims have markedly exceeded expectations, slightly alleviating concerns before tomorrow’s NFP release. Initial claims fell to 881K last week, better than the expected 955K. Continued claims were 13.2 million, 1.2 million below the previous week’s.

There was no shortage of strong movements in the markets on Wednesday. However, a short-lived dip on the stock market was quickly bought back. In contrast, moves on the currency and commodities markets were one-sided. Brent and WTI prices lost.

The American private sector added 428K jobs in August, ADP said in its monthly report. This is almost three times lower than the average forecasted increase of 1.25 million following a strong NFP report a month earlier. The ADP numbers.

Zoom stock has surged by 566% since January 2 as one of the best-performing tech stocks. Some traders are turning cautious in the short term. But over the longer-term, strategists say the prospect of Zoom remains strong. Reason #1: Traders.

Health experts are concerned about the potential for a new wave of Covid-19 infections over the winter period, identifying several factors that could lead to an increase in the rate of transmission. It comes amid heightened fears that coronavirus cases.

By the start of trading in Europe on Wednesday, EURUSD is trading around 1.1900 after briefly touching 1.2000. The dollar received double support on Tuesday, reversing down after just two minutes held above the psychologically important level at 1.2000, and.

Mobile apps may not be the only medium for storing and transacting China’s digital yuan, according to the Terms and Services agreement from a major Chinese bank. The roll-out of China’s central bank digital currency may include hardware wallets as.

Aggregate trading volume on decentralized exchanges reached $11.6 billion in August, up from $4.5 billion in July as the intense enthusiasm for decentralized finance (DeFi) applications continued to spread. Leading decentralized exchange platform Uniswap reported a 283% volume increase in.

Crude oil futures extended gains on Wednesday after a bigger-than-expected draw in U.S. crude stockpiles and as solid U.S. and Chinese factory activity fuelled optimism of a recovery from the coronavirus pandemic, boosting investor risk appetite. Brent crude futures rose.

The dollar bounced off two-year lows on Wednesday as U.S. data pointed to a firm manufacturing activity, while the euro retreated from its highest levels since 2018 on profit-taking. Economic data published on Tuesday showed U.S. manufacturing activity accelerated to.

The yuan isn’t going to unseat the U.S. dollar anytime soon — but the Chinese currency’s rising prominence has been seen in global reserves as well as international trade. Much has been said about the U.S. dollar losing its dominance.

China’s baby boomers are set to retire in the coming years, and they’re spending in different ways compared to the current retirees, according to a Credit Suisse report. These baby boomers — defined in the report as those born in.