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Market Overview - Page 338


Four more years? Why China wants Trump re-elected in 2020 polls
Four more years? Why China wants Trump re-elected in 2020 polls

Donald Trump has argued frequently of late that China is rooting for Joe Biden come November’s U.S. presidential election. In Beijing, however, officials have come around to support four more years of Trump. Interviews with nine current and former Chinese.

Change of plan? Here’s what Sweden will do if there’s a ‘second wave’ of the coronavirus
Change of plan? Here’s what Sweden will do if there’s a ‘second wave’ of the coronavirus

Sweden attracted international attention for not implementing a strict lockdown when the coronavirus first emerged earlier this year, now the country’s chief epidemiologist says that if there’s a “second wave” of infections, he will focus more efforts on containing the.

US construction: housing starts near lows
US construction: housing starts near lows

US construction activity recovered in May, although it turned out to be weaker than expected. The number of building permits issued last month grew by 14.4% mom (expected +16.8%) to an annualized level of 1.22M. This level is approximately 14%.

Ethereum Logged Its Busiest Week on Record
Ethereum Logged Its Busiest Week on Record

It’s costing more to use Ethereum and that may be because more users are flocking to the platform than ever before, according to one key on-chain metric. Analysts say the growth of both transactions and the cost to process them.

Stocks Add to Rally, Shrug Off Infection Concerns
Stocks Add to Rally, Shrug Off Infection Concerns

Stocks pushed higher in Europe along with U.S. equity futures as investors looked past a worrying increase in coronavirus cases to government and monetary stimulus. The dollar slipped. In the wake of Tuesday’s global rally, gains in real-estate and banking.

U.K. Posts Weakest Inflation Since 2016
U.K. Posts Weakest Inflation Since 2016

U.K. inflation slowed to just a quarter of the Bank of England’s target in May, boosting the case for policy makers to add to their stimulus plan at their meeting this week. Consumer prices increased just 0.5% from a year.

Fragile market growth: investors are quickly switching to sales
Fragile market growth: investors are quickly switching to sales

American Nasdaq crossed 10000 again yesterday, while Dow Jones and S&P 500 added 2.0% and 1.9% on Tuesday respectively. However, it is worth taking a closer look at this growth to realize that it is worth being careful. The intraday.

Record spike in new coronavirus cases reported in six U.S. states as reopening accelerates
Record spike in new coronavirus cases reported in six U.S. states as reopening accelerates

New coronavirus infections hit record highs in six U.S. states on Tuesday, marking a rising tide of cases for a second consecutive week as most states moved forward with reopening their economies. Arizona, Florida, Oklahoma, Oregon and Texas all reported.

Major oil executives ‘optimistic’ amid anxiety over coronavirus ‘second wave’
Major oil executives ‘optimistic’ amid anxiety over coronavirus ‘second wave’

Sixteen of the world’s leading energy executives met virtually at an unprecedented meeting Tuesday night to talk about how big oil will navigate its biggest crisis in recent history while confronting the coronavirus pandemic. “Each one of us has had.

Russia could cut interest rates to a historic low, but economists see little impact
Russia could cut interest rates to a historic low, but economists see little impact

The Central Bank of Russia (CBR) is expected to cut its benchmark interest rate on Friday to its lowest level since the fall of the Soviet Union. Bank Governor Elvira Nabiullina said last week that lower inflation across the first.

Dollar climbs after upbeat U.S. retail sales, comments from Fed’s Powell
Dollar climbs after upbeat U.S. retail sales, comments from Fed’s Powell

The dollar advanced on Tuesday after a record increase in U.S. retail sales in May following two straight months of declines, reinforcing a growing belief that the worst may be over for the world’s largest economy. The U.S. currency turned.

IMF set to slash economic forecasts and warns of a crisis ‘unlike anything the world has seen’
IMF set to slash economic forecasts and warns of a crisis ‘unlike anything the world has seen’

The global economy is on track for a more significant contraction than the International Monetary Fund estimated back in April, the institution’s chief economist said Tuesday. When European countries were in their first weeks of lockdown, the IMF said the.

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