Market Overview - Page 329

New coronavirus cases soared in California over the July Fourth weekend, stressing some hospital systems and leading to the temporary closure of the state capitol building in Sacramento for deep cleaning, officials said on Monday. The number of people hospitalized.

Economic indicators one after another are exceeding expectations, fuelling market growth after a series of strong macro reports were supported by the United States on Monday. The ISM Non-Manufacturing Index rose to 57.1 in June, which is much stronger than.

Stock futures were lower in early Tuesday trading after a solid rally on Wall Street to start the week. Futures on the Dow Jones Industrial Average fell 176 points, while S&P 500 futures and Nasdaq 100 futures also traded in.

A border clash with China in the Himalayas left 20 Indian soldiers dead and soured public sentiment, with many in India, including some local politicians, calling for a boycott of Chinese products. It exerted pressure on Prime Minister Narendra Modi’s.

The U.S. is “looking at” banning TikTok and other Chinese social media apps, Secretary of State Mike Pompeo told Fox News on Monday. His comments come amid rising tensions between the U.S. and China and as scrutiny on TikTok and.

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.