Market Overview - Page 320

Brent crude was up by 31 cents, or 0.7%, at $44.74 a barrel by 0713 GMT. The contract rose 0.6% on Wednesday to its highest close since March 6. West Texas Intermediate oil was up by 26 cents, or 0.6%,.

The global death toll from the coronavirus surpassed 700,000 on Wednesday, according to a Reuters tally, with the United States, Brazil, India and Mexico leading the rise in fatalities. Nearly 5,900 people are dying every 24 hours from COVID-19 on.

Recent statements from Fed officials and analysis from market veterans and economists point to a move to “average inflation” targeting in which inflation above the central bank’s usual 2% target would be tolerated and even desired. To achieve that goal,.

The Dow Jones Industrial Average (DJIA) achieved a moderate gain on Tuesday, though multiple threats hang over a cautious stock market. Congress remains deadlocked as the economy awaits the next round of stimulus, while Wall Street bulls nervously eye the.

Silver is set to outshine gold, even as prices of both precious metals soar in the midst of a faltering global economy and a weakening U.S. dollar. This year, gold prices have shot to record highs not seen since September.

The U.S. dollar is at risk of falling below the lower end of a 12-year trendline as some analysts argue that this may be a bullish turning point for Bitcoin’s price. The United States dollar index is currently testing the.

Advertisers’ July boycott of Facebook over hate speech didn’t go far enough, for some. The boycott — which saw more than 1,000 advertisers pause ads as part of a campaign named StopHateForProfit — is set to have an impact on.

We are getting more and more global data on the acceleration of inflation. Today, the euro area PPI reported a growth of 0.7% in June, vs 0.6% expected. The annual rate reversed from the bottom, rising to -3.7% y /.

After a short pause on Friday and Monday, the pressure on the dollar has returned. The dollar index is losing 0.2% on Tuesday after a two-day 0.8% bounce. In our opinion, the dollar appears oversold, which increases the chances of.

Michael Wilson, chief U.S. equity strategist at Morgan Stanley, and his colleagues believe that the narrow breadth of winners in the stock market will likely result in a 10% correction before giving way to a renewed rally. The analysts, in.

A retest of $11,500 gives the impression that the bulls are not done when it comes to Bitcoin, which convincingly bounced off $11,000. Bitcoin (BTC) rose to fill a significant gap in its price history on Aug. 3 as bulls.

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.