Market Overview - Page 308

China has unveiled a slew of policies to help boost its domestic semiconductor industry as tensions with the U.S. continue to rise, but analysts have cast doubt over whether they will have a major impact. A large part of the.

Singapore on Tuesday reported that its economy contracted more than initially expected and narrowed its economic forecast for the full year of 2020. The Singapore economy contracted by 42.9% in the second quarter of 2020 compared to the previous quarter.

Although over two months have passed since the halving happened on the Bitcoin network, the crypto mining industry is still heaving from the frantic pace of events that have followed suit. The rollercoaster of hash rates has left Bitcoin (BTC).

The Dow climbed 3.8% last week to end with its best weekly performance since June. We kick things off on Monday with more of the same on Wall Street. The Dow Jones Industrial Average (DJIA) rocketed more than 200 points.

We continue to see a rapid recovery in inflation across the Globe. This factor could severely restrict the actions of the Central Bank in the coming months, thus delaying recovery. This time, the data from China has exceeded expectations. CPI.

It’s shaping up to be another rough day for Turkish markets. The lira, which sank to a record low last week as the central bank abandoned some of the policies that had underpinned it for much of this year, extended.

Microsoft Corp. founder and billionaire philanthropist Bill Gates said it’s “mind-blowing” that the US government hasn’t improved Covid-19 testing that he described as slow and lacking fair access. “You’re paying billions of dollars in this very inequitable way to get.

Oil rose on Monday, supported by an improvement in Chinese factory data and rising energy demand as countries eased coronavirus-related lockdowns, but traders remained cautious due to U.S.-China tensions and uncertainty over a U.S. stimulus package. Brent crude rose 54.

The cryptocurrency picked up bids during the Asian trading hours, rising from $11,750 to $12,068, according to CoinDesk’s Bitcoin Price Index. At press time, bitcoin is trading at $12,000 – just 1% short of the 2020 high of $12,118 reached.

What’s behind the Chainlink rally?The sudden uptrend of LINK was likely caused primarily by the squeeze of short contracts in the futures market. As LINK was continuously rising, its funding rate stayed below 0%, hovering at -0.02%. The cryptocurrency futures.

Gold prices could forge ahead to $4,000 per ounce in the next three years, but factors such as the development of a coronavirus vaccine and the November U.S. elections could change the fortunes of the precious metal, analysts say. This.

The U.S. dollar had a chance to rebound after the relatively positive labour market data on Friday. The total growth of Nonfarm Payrolls exceeded expectations: 1763K new jobs compared to a forecast of 1500K. There was also a noticeable increase.