Market Overview - Page 316

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.

Futures contracts tied to the major U.S. stock indexes held steady Sunday evening as investors turned their attention back to Washington and the economy after a busy week of corporate earnings. Dow Jones Industrial Average futures slipped 4 points, implying.

It’s physical gold. It’s crypto. It’s government-backed. It’s a new product from a Silicon Valley company mutating gold and crypto into a single unit. And it’s as deeply fear-soaked as anything since, well, 2020. Today Uphold, a digital investment platform.

The euro zone economy contracted by 12.1% in the second quarter of 2020, compared to the first three months of the year, according to preliminary data from the region’s statistics office. Friday’s reading is the lowest since records began in.

The EURUSD pair ends July at 1.1900. This is the third month of back-to-back growth and the highest values we have seen in more than two years. But its the pace of its climb that attracts even more attention. The.

The dollar on Thursday dropped to its lowest level since May 2018 as the Federal Reserve said it plans to keep interest rates close to zero, and inflation hedges continue to show strength. The dollar’s trade-weighted index – a measure.

Spain recorded a historic fall in GDP in the second quarter of the year, with the 18.5% drop wiping out all the post-financial crisis recovery of the last six years, data from National Statistics Institute showed on Friday. On an.

European shares gained along with U.S. equity futures as stellar earnings from American tech giants lifted sentiment amid dismal economic data and a resurgent virus. The dollar extended this month’s tumble. Apple Inc., Amazon.com Inc., and Facebook Inc. all rose.

President Donald Trump on Thursday raised the idea of delaying the Nov. 3 U.S. elections, an idea immediately rejected by both Democrats and his fellow Republicans in Congress – the sole branch of government with the authority to make such.