Market Overview - Page 326

As if the Nasdaq wasn’t looking bubbly enough, yet another blatant comparison with the dot-com bubble has emerged. Will this be enough to slow down the relentless bullishness in the U.S. tech sector, or will the bulls continue to run.

The U.S. dollar fell against most currencies on Thursday as a rally in riskier assets such as global equities and commodities put a dent in safe-haven demand for the U.S. currency. China’s yuan rose to a four-month high against the.

Futures contracts tied to the major U.S. stock indexes held steady in early morning trading on Thursday, hours after the Nasdaq Composite clinched its 25th record close for 2020. Dow Jones Industrial Average futures dipped 22 points, implying an opening.

The dollar index has now returned to the June low, losing 1.4% since the beginning of the month against a basket of the most popular world currencies. Stable growth against the dollar is shown by the pound, which rose to.

Don’t expect the Chinese yuan to become a “safe-haven” alternative to the dollar or U.S. Treasurys anytime soon, says Ebrahim Rahbari, global head of foreign exchange analysis at Citi. “I’m very skeptical,” Rahbari told CNBC’s “Street Signs Asia” on Thursday,.

Gold’s spot price is headed for a record high after blasting past $1,800. Bullion last breached this level in September 2011–about a month after Standard & Poor’s cut the United States’ AAA credit rating for the first time. At a.

Turkey’s lira this week slipped to its weakest level since hitting a record low in early May after inflation for the month of June was reported at 12.6%, a figure that topped economists’ expectations. With rapidly shrinking foreign reserves to.

Markets lost their positive mood on Tuesday amid worsening coronavirus statistics. Over the previous day, the number of new cases exceeded 208K, the third-largest daily growth. Hopes for a flattening of the curve have not yet been met. However, the.

The price of Cardano (ADA) increased from $0.074 to $0.137, by more than 85% in less than two weeks. It surpassed Bitcoin SV (BSV) to become the sixth-largest cryptocurrency by market capitalization. Three factors likely caused the intense rally of.

Strategists at UBS and Fitch Ratings believe Vietnam currently has the most optimistic economy in Asia. The bright outlook on the nation’s economy by top strategists primarily stems from its handling of the pandemic. Along with South Korea, Hong Kong,.

Nearly $60 million worth of bitcoins moved to Ethereum during June, according to data estimates from Dune Analytics. Wrapped Bitcoin, the oldest tokenized bitcoin protocol on Ethereum, is responsible for roughly 75% of that growth after moving more than 4,800.

From an eponymous cocktail to eager buyers following the shipping routes of long-awaited cars, Tesla Inc (TSLA.O) is having a moment in South Korea, particularly among tech-savvy professionals. Kang Sung-mo, who runs an advertising production agency in Seoul, is a.