Market Overview - Page 333

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 (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.

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.

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.

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.

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.