Market Overview - Page 312

Gold has rallied to a record this year as the coronavirus pandemic savaged growth, with gains supported by massive inflows into bullion-backed ETFs. Bulls are fearful that the waves of stimulus to fight the slowdown may debase paper currencies and.

A rebound in the dollar faltered on Tuesday as political wrangling over a U.S. relief plan and the gloomy economic outlook kept investors shy of the currency. After its worst month in a decade in July the greenback started August.

Energy giant BP reported a significant loss for the second quarter after downgrading the value of some of its assets on expectations of lower commodity prices. Second-quarter underlying replacement cost profit, used as a proxy for net profit, came in.

The World Health Organization said Monday there may never be a magical cure for the coronavirus even as scientists and drugmakers across the globe race to find a safe and effective vaccine. Scientists have made progress in identifying treatments that.

One of the most reliable coins in recent days has been Ripple’s XRP token as it rallied 40% in the past seven days and more than 70% from recent lows toward $0.30, as anticipated in the previous XRP technical analysis..

U.S. manufacturing activity accelerated to its highest level in nearly 1-1/2 years in July as orders increased despite a resurgence in new COVID-19 infections, which is raising fears about the sustainability of a budding economic recovery. The upbeat survey from.

U.S. equity futures advanced with European stocks on the first trading day of August as positive economic data countered pessimism over a resurgence of Covid-19 cases. S&P 500 Index futures extended gains, with Microsoft Corp. rising in pre-market trading as.

Bitcoin suffered a price drop of $1,458 in under an hour on Sunday. The sudden slide caught many traders off guard, forcing out a significant amount of buying pressure from the market. The biggest cryptocurrency by market value fell from.

Employment Rate Points to RecessionOne of the most common measures of economic health is employment. When people have jobs, they’re willing to spend—a massive driver of the U.S. economy. The Dallas Fed’s Employment Rate data suggests the bounce back in.

Russia’s Finance Ministry said on Monday it was scrapping a proposal to avoid double taxation with Cyprus. The Mediterranean island has been an important destination for Russian business people because of its light regulation and taxes. Earlier this year President.

OPEC and its allies need to find a balance between supporting oil prices and keeping U.S. crude production at bay, a strategist told CNBC this week as the oil-producing group starts to roll back supply cuts. The alliance’s historic production.

The American currency had a tough July but tried to finish on a high note. From the intraday lows of the beginning of the day on Friday, the dollar index on ICE reversed to growth, adding more than 1.1% before.