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Market Overview - Page 331


The coronavirus crisis has highlighted the trouble spots
The coronavirus crisis has highlighted the trouble spots

By the beginning of the third quarter, a mixed picture of economic recovery has emerged across countries and sectors. In short, there are no surprises: weak industries have lost more and are recovering slower. This applies to different sectors and.

U.S. coronavirus cases rise by 47,000, biggest one-day spike of pandemic
U.S. coronavirus cases rise by 47,000, biggest one-day spike of pandemic

New U.S. COVID-19 cases rose by more than 47,000 on Tuesday according to a Reuters tally, the biggest one-day spike since the start of the pandemic, as the government’s top infectious disease expert warned that number could soon double. California,.

European travel stocks are still nowhere near their pre-coronavirus levels
European travel stocks are still nowhere near their pre-coronavirus levels

European travel and leisure stocks have rebounded in recent weeks but still have a long way to go before returning to pre-crisis levels. The Stoxx 600 travel and leisure sector, which covers 16 companies, sank 42% in the first quarter.

IMF: Asia’s economy will shrink ‘for the first time in living memory’
IMF: Asia’s economy will shrink ‘for the first time in living memory’

Asia’s economy is expected to shrink this year “for the first time in living memory,” the International Monetary Fund said, warning that the region could take several years to recover. The fund said in a blog post published Tuesday that.

Ethereum Volatility Drops Below Bitcoin’s but ETH Options Are Bearish
Ethereum Volatility Drops Below Bitcoin’s but ETH Options Are Bearish

Ether (ETH) options implied volatility, a measure of the expected price swings as per the options markets premium, has dropped below Bitcoin’s (BTC) for the first time ever. This could signal that investors have given up expectations of a price.

Americans will remain barred from European travel as the EU gradually reopens its borders
Americans will remain barred from European travel as the EU gradually reopens its borders

Travelers from a list of 15 nations will be allowed entry to the European Union starting Wednesday, but the United States is not on the list. Thirty countries in Europe (26 of which are members of the EU) closed their.

Markets looking for positives in Chinese data and COVID-19 mortality in U.S.
Markets looking for positives in Chinese data and COVID-19 mortality in U.S.

Markets show growth on Tuesday morning after indications of a stronger recovery. In addition, the U.S. indices rose more than 1% on Monday. Interestingly, the growth of the U.S. indexes is taking place on the background of a more significant.

Dollar stable, markets torn between upbeat data and virus fears
Dollar stable, markets torn between upbeat data and virus fears

The dollar held on to modest gains on Tuesday as upbeat U.S. home sales and Chinese factory data left traders torn between optimism about global growth rebounding and fears a surge in new COVID-19 cases could jeopardise a swift V-shaped.

Bitcoin Price Bulls Pin Hopes on Descending Channel Breakout to $10K
Bitcoin Price Bulls Pin Hopes on Descending Channel Breakout to $10K

Bitcoin (BTC) price showed a bit of strength by briefly pushing to $9,235 as the daily close occurred but at the time of writing the top-ranked digital asset on CoinMarketCap is trading below the $9,200 resistance. As discussed in the.

Without more fiscal policy, the market could be in trouble in the next few weeks
Without more fiscal policy, the market could be in trouble in the next few weeks

2020 has seen a 1929-style stock market meltdown, a retail investor-fueled 1999-style rally, and even Zimbabwe is having a repeat of its 2008 hyperinflationary collapse. And that’s just in the first half of the year! Who knows what craziness we’ll.

UK economy shows biggest drop in 40 years in early 2020
UK economy shows biggest drop in 40 years in early 2020

Britain’s economy shrank by the most since 1979 in early 2020 as households slashed their spending, according to official data that included the first few days of the coronavirus lockdown. Gross domestic product dropped by a quarterly 2.2% between January.

China passes controversial national security law for Hong Kong
China passes controversial national security law for Hong Kong

The top decision-making body in China’s parliament has passed the contentious national security law for Hong Kong, according to a member of the Standing Committee of China’s National People’s Congress. Tam Yiu Chung, the sole Hong Kong delegate to the.

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