Market Overview - Page 328

Oil rose slightly on Monday as positive economic data supported prices, while a spike in coronavirus cases that could curb fuel demand in the United States limited gains. Brent crude was up 47 cents to $43.26 per barrel by 1:52.

Bitcoin hangs near the chasm of the adoption curve, and its price looks similar to Apple’s stock in 2008 before it broke out with a 520% rally. In 1962, sociologist Everett Rogers published the well-known book Diffusion of Innovations in.

The Chinese yuan has come to life today. Earlier, we noted the abnormal strengthening of the Chinese stock market, which has experienced a real rally since last week, adding 14% in just four trading sessions. In recent weeks, some observers.

A worldwide stock market surge fueled by China and improving economic indicators risks creating a bubble, analysts have warned. The Chinese stock market has jumped 14% in the past week, helping to boost global markets. Improving jobs and sales data.

Already scarred by the global financial crisis a decade ago, a generation of younger people is bearing the economic brunt of the coronavirus. Even billions of dollars in global fiscal stimulus is struggling to cushion the blow as the pandemic.

Global stock markets are starting the week with a bang after China’s influential state media stoked bullish enthusiasm. The dollar index fell for a fifth day and Treasuries dipped. Banks, construction and insurance shares pushed the Stoxx Europe 600 Index.

China’s economic recovery could cool in the second half of 2020 after its strong bounce from lows earlier in the year, according to Deutsche Bank’s chief economist and head of research for Asia Pacific, Michael Spencer. “China is clearly advancing.

The number of new Covid-19 cases worldwide has reached a record high at 212,326 cases in the last 24 hours, according to a situation report from the World Health Organization. The report says there have been more than 10.9 million.

The stock rally in Chinese markets continues to gain momentum. China A50, the blue-chip index of the Shanghai Stock Exchange has soared 5.7% since the beginning of the day after growing 8% last week. These are the highest levels for.

Stocks in Asia Pacific were higher during Monday’s trading session. Shares in mainland China led regional gains. The Shanghai composite soared 5.34% while the Shenzhen component rose 3.717%. The Shenzhen composite also jumped 3.6%. Jackson Wong, asset management director at.

Results for the second quarter of 2020 show tremendous growth for decentralized applications across all ecosystems, primarily spearheaded by Ethereum (ETH) decentralized finance, or DeFi. Decentralized exchanges were at the frontlines of the rise as Compound token mining activity trickled.

Global coronavirus cases exceeded 11 million on Friday, according to a Reuters tally, marking another milestone in the spread of the disease that has killed more than half a million people in seven months. The number of cases is more.