Market Overview - Page 332

Oil giant Royal Dutch Shell said on Tuesday it will write down the value of its assets by up to $22 billion in the second quarter, after revising down its long-term outlook for oil and gas prices. It comes after.

New York City is reconsidering a plan to allow indoor dining July 6, as other states experience a surge in Covid-19 cases after reopening restaurants and bars. One of those states, Florida, reported a jump in its double-digit infection rate..

The Dow Jones Industrial Average was sharply higher Monday, partly on the back of upbeat economic data and a surge in shares of Boeing. However, investors were still parsing weekend data that highlight the persistence of coronavirus in hot spots,.

President Donald Trump decided to reopen the U.S. economy even if the pandemic wasn’t under control. While we saw an improvement in job numbers and retail sales, the economy is still damaged from the pandemic. It will take a long.

Researchers behind the June 2020 report from the Crypto Research Report used Bitcoin’s target addressable market to predict a rise to $397K. A new report from a crypto research group suggests that the price of Bitcoin could approach $400,000 in.

Oil prices rose on Monday, supported by improving economic data and supply cuts by major producers, though a spike in new coronavirus infections around the world capped the gains as some countries were forced to reimpose partial lockdowns. Brent crude.

The European Central Bank (ECB) could expand its bond-buying program by a further 1 trillion euros ($1.12 trillion) over the next two to three years as inflation takes center stage, according to Berenberg European Economist Florian Hense. The central bank.

The coronavirus has now killed more than 500,000 people around the world as the number of confirmed infections exceeded 10 million, according to data compiled by Johns Hopkins University. The United States accounts for more than 20% of all reported.

Diplomatic ties between Washington and Berlin have declined markedly in recent years and Germany’s foreign minister has appeared to warn that relations between the two countries may never be the same again. In the biggest signal yet of how strained.

Bitcoin (BTC) could crash to $6,000 and still remain bullish, one trader claimed on June 26 as the largest cryptocurrency tested $9,000 support. In a Twitter analysis, the popular trader known as SteveCrypt0 offered an alternative to the bearish sentiment.

Global equities sank and perceived safe-haven assets like U.S. Treasuries and gold gained on Friday as investors weighed hopes that Europe will continue to rebound from the coronavirus pandemic’s economic damage against concerns over a record surge in new COVID-19.

American households in May increased their spending by 8.2% while income decreased by 4.2% to April. This difference is due to a decrease in payments for employment support programs as the coronavirus restrictions in the US economy are lifted. The.