Market Overview - Page 324

European leaders are meeting for a fourth consecutive day on Monday to continue tense negotiations over a 750-billion-euro ($858 billion conversion) recovery fund. The European Commission, the executive arm of the EU, suggested in May tapping the markets to mitigate.

Since the end of last week, world markets have been showing mixed dynamics and weakening of volatility. Asian markets are fluctuating in the range from -0.2% to +0.2% on Monday. The main U.S. indexes completed their trading session on Friday.

U.S. stocks drifted mostly higher in thin trading as investors digested this week’s initial burst of corporate earnings, economic data and coronavirus news. The dollar weakened and crude oil fluctuated. The S&P 500 edged higher, led by gains in utilities,.

Rising coronavirus infections in large economies such as the U.S., Brazil and India have underlined the fragility of the economic rebound and increased the risk of a “W-shaped” recovery, according to economists at research firm IHS Markit. In its July.

Stock futures climbed higher early Friday morning following a volatile session that snapped a four-day winning streak for one of the major averages. Dow Jones Industrial Average futures rose 150 points, indicating an 85-point gain at the open. The S&P.

U.K. Chancellor of the Exchequer Rishi Sunak’s 30 billion-pound ($38 billion) stimulus package is coming under fire, with the opposition Labour Party calling on the country’s spending watchdog to open an investigation. Central to Sunak’s announcement last month was the.

Recent data from Skew shows that open interest for Bitcoin (BTC) has been rising on the Bybit crypto trading platform, reaching a new high at $434 million on July 14 for the Tether (USDT) and USD pairs combined. Open interest.

The seemingly unstoppable tech stocks are coming to a screeching halt. Netflix is down 9% in after-hours trading, with Apple and Microsoft dropping just over 1%. Traders fear a slump of FAANG stocks could spoil the 2020 U.S. stock market.

The United States shattered its daily record for coronavirus infections on Thursday, reporting more than 77,000 new cases as the number of deaths in a 24-hour period rose by nearly 1,000, according to a Reuters tally. The loss of 969.

European leaders are back in Brussels for the first time in about five months as they look to finalize a deal over a 750 billion euro ($855 billion) recovery fund. The 27 European Union governments have been at loggerheads for.

Relations between China and the US continue to heat up, putting pressure on financial markets. The main blow was to the Chinese exchanges, which have been losing more than 5% this week, correcting the rally that took place earlier in.

The European Central Bank opted Thursday to keep its interest rates and emergency coronavirus stimulus program unchanged, while it monitors the economic strength of the euro zone. It said it would continue with its massive stimulus program announced in March.