Market Overview - Page 344

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.

The state of the euro zone’s business activity is the main focus for European markets on Tuesday, with investors eager to digest the latest indication of the region’s economic health as it emerges from the coronavirus pandemic. Flash purchasing manager’s.

With about half a year to go, it’s still not a given that China’s economy will grow in 2020. An independent survey of more than 3,300 businesses in the country by U.S.-based China Beige Book found that for the second.

India is one of the world’s worst hit countries in the coronavirus pandemic, with reported cases spiking in recent weeks as the country emerged from a strict nationwide lockdown. Cumulatively, India has reported more than 400,000 cases of infections since.

President Donald Trump used his comeback rally to try to define the upcoming election as a choice between national heritage and left-wing radicalism, but his intended show of political force during the pandemic was thousands short of a full house.

In May, home sales in the United States declined for the third month in a row, dropping to the lowest level for 9 ½ years at 3.91 million. It fell by 32% to February peak levels, and by 27% to.

The New Zealand and Australian dollars surged ahead on Monday, while the U.S. dollar fell, edging away from last week’s two-and-a-half-week highs, as fears of a second wave of COVID-19 did little to dampen investors’ risk appetite. The World Health.