Market Overview - Page 337

The 27 European governments are negotiating for the first time Friday a proposal for 750 billion euros ($841 billion) to tackle the Covid-19 crisis. However, the new stimulus plan has sparked division among EU countries and it is unclear when.

China’s two biggest e-commerce giants Alibaba and JD.com handled $136.51 billion of sales through their platforms in 24 hours, during one of the country’s biggest shopping events. Known as 618 because it falls on June 18, the festival was being.

The Bank of England on Thursday added another £100 billion to its quantitative easing program in a bid to shore up the U.K. economy amid the fallout from the coronavirus crisis. The additional bond purchases will take the total value.

A defacto lockdown in the United States has lasted longer than expected despite a rollback in some restrictions on mobility, pointing to a deeper-than-expected contraction in gross domestic product in the second quarter, the IMF said on Thursday. Details will.

US employment is not recovering as fast as expected. Last week, the initial claims exceeded 1.5M. This was the lowest number in 13 weeks, but significantly higher than the forecasted 1.3M. The same can be said about the continued claims..

The S&P 500 Index may face a heightened level of volatility on June 19. According to FT finance correspondent Robin Wigglesworth, $1.8 trillion worth of S&P 500 options are expiring in the next 48 hours. The analyst said: Massive amount.

The original use case for bitcoin might have fallen flat, but the innovation it unleashed continues to push blockchain implementation forward. Blockchain and cryptoassets were developed, which at this point is well known, to disrupt, disintermediate, or otherwise topple the.

The Japanese yen strengthened slightly on Thursday as growing concerns about a rise in new coronavirus cases underpinned safe-haven demand for the currency, while the U.S. dollar was little changed versus the euro. Some 400 workers have tested positive for.

A second wave of layoffs amid weak demand and fractured supply chains is likely keeping new U.S. applications for unemployment benefits elevated, supporting views that the economy faces a long and difficult recovery from the COVID-19 recession. The Labor Department’s.

Despite some increase in Chinese indices on Thursday, there are still more signs of a cautious approach in global markets. First of all, this can be seen in the dynamics of key currency pairs. The American dollar has been rising.

The Bank of England is expected to expand its quantitative easing program on Thursday, but economists do not expect negative interest rates to be implemented this time around. The Bank’s latest monetary policy decision comes as the U.K. economy attempts.

Stock futures fell in overnight trading on Wednesday as investors continued to monitor an uptick in new coronavirus cases amid the reopening economy. Futures on the Dow Jones Industrial Average fell 159 points, implying a Thursday opening drop of about.