Market Overview - Page 324

The number of drilling rigs in the US continued to decline last week, reaching a new low of 258 units (oil + gas). The number of oil rigs dropped to 181 compared to a historic low of 179 in 2009..

Stocks under pressure: does “valuation” matter?The macro outlook seemed more or less stable on Monday. Prior to trading, futures for the Dow Jones, S&P 500 and more were modestly up, despite concerns mounting over coronavirus. Specifically, one source quoted by.

Shares of Tesla hit a new all-time high on Monday, extending the stock’s record run, as investors continue to pile into the Elon Musk-led company. And as the company’s valuation climbs ever higher, speculation is growing that the company will.

U.S. equities touched a five-week high on expectations earnings will offer an optimistic outlook for the world’s biggest economy amid a raging coronavirus pandemic. Oil erased an earlier loss. The S&P 500 was back to being basically even this year,.

Singapore has developed a blockchain-based payments network that could enable faster and cheaper international settlements, authorities said on Monday, adding that the next step was a commercial rollout. The final phase of the years-long ‘Project Ubin’ saw the Monetary Authority.

Alibaba Group Holding Ltd co-founder Jack Ma has cut his stake in the company over the past year to 4.8% from 6.2%, cashing out around $8.2 billion at its current share price, the firm’s annual filing released on Friday showed..

Oil prices dropped on Monday on big spikes in COVID-19 infections over the weekend in the United States and elsewhere while traders await an OPEC technical meeting expected to recommend an easing of supply cuts. Brent crude LCOc1 fell 65.

The global leadership vacuum during the coronavirus crisis is an “open door” for China to walk through, said Kevin Rudd, president of the Asia Society Policy Institute. The former Australian prime minister said the U.S. has presented an opportunity for.

Stock markets remain in the phase of the economic cycle, where the main driver is interest in “growth stories”. The total capitalization of FANGMAN stocks (Facebook, Amazon, Netflix, Google, Microsoft, Apple, Nvidia) exceeds $7.1 trillion. The capitalization of Tesla exceeds.

The U.S. threat to look for ways to hurt the Hong Kong dollar’s peg to the greenback will not likely be realized, analysts say. Strategists at Singapore bank DBS say the U.S. “cannot unilaterally revoke the HKD peg.” Top advisors.

Residential property prices in the U.K. fell by the most since the global financial crisis from April through June, according to mortgage provider Halifax. Values declined 0.9% compared with the first three months of the year as the country locked.

“Vaccine nationalism” is turning the search for a Covid-19 cure into an arms race, which will ultimately damage the economy and public health, experts have warned. Analysts at Eurasia Group speculated that tension over a vaccine would heat up over.