Market Overview - Page 340

Russia is taking a leaf out of the U.S. shale playbook so it can ramp up oil production quickly and hang on to its share of the global market when demand finally recovers after the coronavirus pandemic. At least two.

Confidence in the economic recovery has been called into question by investors. US markets on Wednesday lost more than 2.6%, and Hong Kong indices are falling. However, there are several notable exceptions. The Shanghai Stock Exchange 50 blue-chip index is.

Stocks futures were lower in overnight trading on Wednesday, following a steep market sell-off triggered by intensifying worries about a coronavirus resurgence. Futures on the Dow Jones Industrial Average dropped 132 points. S&P 500 futures and Nasdaq 100 futures also.

The tech-heavy Nasdaq keeps setting new records, and gold is on a roll, closing at its highest level since 2012. That is not the typical correlation, but then these aren’t typical times. Chris Weston, head of research at Australian broker.

The United States is studying the possibility of slapping $3.1 billion in additional tariffs on goods from the United Kingdom, France, Germany and Spain — in another step that’s likely to exacerbate tensions between both sides of the Atlantic. In.

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.