Market Overview - Page 336

PayPal is seeking to hire blockchain and cryptocurrency engineers in what could hint at the future support of cryptocurrency exchanges. The global payments platform’s job listings, posted on PayPal’s own boards, include a request for a technical lead/cryptocurrency engineer set.

European stocks and U.S. futures slumped as a resurgence in virus cases in Tokyo, Germany and the American South sharpened concern about the pace of economic recovery. The Stoxx Europe 600 Index fell the most in a week with losses.

The Bank of Japan on Wednesday offered 8.28 trillion yen ($77.74 billion) in loans to financial institutions under a new lending programme aimed at channeling funds to cash-strapped firms hit by the coronavirus pandemic. The three-month loans will be extended.

Oil prices fell on Wednesday, reversing the previous session’s surge as worries about a second wave of the coronavirus pandemic outweighed support from a gradual reopening of global economies. Brent crude, which on Tuesday rose to its highest level since.

Russia is holding its annual Victory Day parade in Moscow on Wednesday, commemorating the 75th anniversary of Nazi Germany’s capitulation in World War II. As well as a day of national celebration, the parade allows Russia to show off the.

The coronavirus pandemic is set to pave the way for “the age of copper,” according to the director of energy, climate and resources at Eurasia Group, as governments double down on investments that will drive up demand for the red.

Sales of new U.S. single-family homes increased more than expected in May and business activity contracted moderately this month, suggesting the economy was on the cusp of recovering from the recession caused by the COVID-19 crisis. But a resurgence in.

Pubs, restaurants, hotels, museums and a range of other nonessential businesses in the U.K. are set to reopen on July 4 amid a major easing of coronavirus lockdown restrictions, Prime Minister Boris Johnson announced Tuesday. Also among the venues that.

U.S. White House Advisor Peter Navarro said on Monday of the trade deal with China that “it’s over”, scaring the markets. These comments collapsed futures on the S&P500 by more than 1% in 20 minutes. Later on, Navarro himself said.

The U.S. stock market is rising and U.S. President Donald Trump is doubling down to refute his own advisor who claimed the ‘phase one’ deal with China is over. The Trump administration is preparing for a re-election campaign ahead of.

Bitcoin (BTC) was trading around $9,563 as of 20:00 UTC (4 p.m. ET), gaining 2.5% over the previous 24 hours. At 00:00 UTC on Monday (8:00 p.m. Sunday ET), bitcoin was changing hands around $9,298 on spot exchanges such as.

The Federal Reserve struck the right tone in its first pandemic-era economic outlook, suggesting years of extraordinary policy support for an economy facing a slow and long slog back, according to a majority of economists in a Reuters poll. While.