Market Overview - Page 332

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.

The chaos that engulfed the gold market in March as the global pandemic choked off physical trading routes is rippling through other precious metals, resulting in price dislocations and a surge in exchange inventories for silver and platinum. The gold.

The world’s biggest pension fund posted a record loss in the first three months of 2020 after the coronavirus pandemic sparked a global market rout in the period. Japan’s Government Pension Investment Fund lost 11%, or 17.7 trillion yen ($164.7.

The price of Bitcoin (BTC) dropped below $9,000 in a rapid pullback, falling by 5% in 48 hours. It marked the seventh drop to the $8,000s for the top-ranked cryptocurrency by market capitalization within a span of two months, since.

The United States reported more than 55,000 new COVID-19 cases on Thursday, a new daily global record for the coronavirus pandemic, as infections rose in a majority of states. A surge in coronavirus cases over the past week has put.

Fitch Ratings has downgraded a record 33 sovereign ratings in the first half of this year — and the agency is not done yet as the coronavirus pandemic pummels government finances. James McCormack, Fitch’s global head of sovereign ratings, said.

Chinese markets update highs following business recovery Chinese stocks are showing a rally following upbeat data on activity in the service sector. Service PMI released on Friday morning showed a jump to 58.4, the highest value in 10 years. The.

Analysts at Goldman Sachs expect global oil demand to return to pre-pandemic levels by 2022, citing a pick-up in commuting, a shift to private transportation and higher infrastructure spending. In a research note published Thursday, analysts at the U.S. investment.

The number of Americans filing for unemployment benefits for the first time rose more than expected last week as a resurgent coronavirus added pressure to the U.S. economy. The Labor Department said Thursday that initial jobless claims rose by 1.427.