Market Overview - Page 315

Intercontinental Exchange subsidiary, Bakkt, is reporting record numbers of trades for its monthly Bitcoin futures contracts as BTC prices made a new high for the year. The institutional investing platform reported its highest ever figure for Bitcoin monthly futures on.

Oil prices climbed on Wednesday after a surprise drop in U.S. crude inventories was enough to offset concerns about U.S. fuel demand amid record increases in COVID-19 infections in some states. Brent crude futures were up by 18 cents, or.

Bitcoin’s price is at its 11-month high as volatility bounces back up. Meanwhile, ether’s dominance has spiked on continued growth in decentralized finance (DeFi). The price of bitcoin hit another 2020 high Tuesday, reaching $11,422 on spot exchanges like Coinbase..

The U.S. housing market showed signs of slowing in May. While home prices kept rising, they did so at a slower pace than they did in April. This is likely due to the brief but sharp slowdown in home sales.

Apple was the fastest-growing smartphone maker in China in the second quarter, according to research data, which showed that the iPhone maker bucked the overall decline in the world’s second-largest economy. The cheaper iPhone SE and the popularity of the.

Hong Kong is on the cusp of a large-scale coronavirus outbreak that may overload its health-care facilities and cost lives, Chief Executive Carrie Lam said on Wednesday as new social distancing measures took effect. In a prerecorded video address late.

Goldman Sachs Group Inc. put a spotlight on the suddenly growing concern over inflation in the U.S. by issuing a bold warning Tuesday that the dollar is in danger of losing its status as the world’s reserve currency. With Congress.

Turkey’s lira fell to a fresh record low against the euro on Tuesday, extending losses from the previous session, as investors worry about the country’s dwindling foreign exchange reserves, growing foreign-denominated debt, central bank intervention and potential sanctions from the.

The EURGBP rate climbed above 0.9100 recently; however, on Tuesday it retreated below this level due to the correction in EURUSD. Euro/pound has climbed above 0.9100 numerous times over the past four years, but this growth proved to be shaky.

European stocks erased gains and U.S. equity futures retreated as the busiest week of earnings season got underway. Gold slid after a record-breaking rally. LVMH and Moncler SpA both dropped after the high-end apparel makers earnings missed analyst expectations.PSA Group.

Gold investors have reasons to cheer. The price of gold climbed to an all-time high on Monday, rising above $1,940 per ounce. Gold has gained almost 30% this year. The party should go on for a long time, as Bank.

The coronavirus crisis may have triggered the long-anticipated tipping point in oil demand and it is focusing minds in OPEC. The pandemic drove down daily crude consumption by as much as a third earlier this year, at a time when.