Market Overview - Page 325

US producer prices returned to decline in June, another sign of a weakening economic recovery. On average, it was expected to duplicate the previous month growth by 0.4%, but instead, the PPI fell by 0.2%. The annual rate remained at.

Coinbase, the $8 billion bitcoin exchange, is planning an IPO to become a publicly-listed company. As rampant speculation sweeps the investing world, Is there a more devastating FOMO combination than the world of cryptocurrency diving headlong into a frothy tech.

Ethereum price saw a bullish breakout against Bitcoin on July 9 and veteran trader Peter Brandt believes this could trigger a new altcoin season. Popular trader Peter Brandt believes that Ether (ETH) saw a significant breakout in its ETH-BTC pair.

Oil prices fell on Friday, adding to steep losses from the previous session, and were headed for weekly declines on worries that renewed lockdowns following a surge in coronavirus cases in the United States and elsewhere could suppress fuel demand..

Wall Street’s most controversial stock may be about to go mainstream. Tesla Inc appears on the verge of joining the S&P 500, a major accomplishment for Chief Executive Officer Elon Musk that would unleash a flood of new demand for.

The mood in the financial markets’ has again been tarnished. The S&P500 lost 0.56% on Thursday, and futures declined by another 0.5% on Friday morning, almost offsetting the growth from the beginning of the week. Chinese markets are also showing.

Stock futures fell in early Friday trading following a mixed session in which coronavirus concerns pushed investors further into tech shares. Dow Jones Industrial Average futures were down 242 points or 0.95% at 2:35 a.m. ET. S&P 500 and Nasdaq-100.

European markets opened lower Friday as concerns about spiking coronavirus cases in the U.S. and elsewhere continue to weigh on the broad recovery rally. The pan-European Stoxx 600 fell 0.5% at the start of trading, oil and gas stocks dropping.

The number of Americans filing for jobless benefits dropped to a near four-month low last week, but a record 32.9 million people were collecting unemployment checks in the third week of June, supporting expectations the labor market would take years.

Launching an economic pitch expected to anchor his fall presidential campaign, Democratic candidate Joe Biden is proposing sweeping new uses of the federal government’s regulatory and spending power to bolster U.S. manufacturing and technology firms. Biden calls for a $400.

Global stocks continue to rally as hopes of an economic recovery overcome surging coronavirus cases, yet analysts remain bullish over investor appetite for gold in the coming months. China’s stocks extended gains on Thursday, with the Shanghai Composite index leading.

The worse economic fundamentals and forecasts become, the more mysterious stock-market outcomes in the US appear. At a time when genuine news suggests that equity prices should be tanking, not hitting record highs, explanations based on crowd psychology, the virality.