Market Overview - Page 345

From a trade fight to a war of words over the origin of the coronavirus, to greater scrutiny of Chinese firms on Wall Street — relations between the U.S. and China havenosedived in recent years. A new “cold war” is.

Bitcoin fans have been heartened by its recent rally, but a technical indicator points to a potential slump ahead. Based on the DVAN Buying and Selling Pressure Indicator, which depicts bull/bear trends, Bitcoin fell below the trend line for the.

The stock market’s rapid fall and subsequent rise in the wake of the pandemic were enough to give investors whiplash. Now traders are facing a dilemma. They can jump into an increasingly frothy market or stand by and miss out.

OPEC + over the weekend agreed to extend the period of the lowest quotas for another month. This news pushed Oil price by 3.5% on Monday to $43.30 for Brent, and above $40 for WTI, the highest since March 6..

U.S. stocks are set to move higher still on Monday, after rallying sharply at the end of last week in the wake of a surprising jobs boost. The U.S. economy added 2.5 million jobs in May and the unemployment rate.

Fierce Competition Is ComingImproving passenger traffic may signal hope for carriers, but it isn’t yet time to pop the champagne yet. Numbers are unlikely to return to pre-pandemic levels anytime soon. To compete for the reduced number of flyers amid.

The Russian government posted an updated version of its proposed law regulating digital assets this week, adding more restrictions to the industry. The law would prohibit the circulation of all cryptocurrencies, as well as their mining and advertising, though simply.

The U.S. stock market is nearing its all-time high as investors dismiss stark warnings from billionaires. “Too many people” expect a V-shape recovery, billionaire Sam Zell said last month. He was one of many billionaires who suggested the U.S. economy.

OPEC and its oil-producing allies agreed on Saturday to extend the group’s historic production cut for an additional month in an ongoing effort to balance the global oil market. The agreement was finalized during the group’s video-conference meeting. Beginning on.

Germany’s industrial production fell so sharply in April, at the height of the coronavirus lockdown in the country, that one economist has called it “the worst month ever” for the German economy, a key growth driver for the euro zone..

Oil prices rose on Friday after an unexpected fall in the May US jobless rate and Opec’s decision to bring forward to Saturday discussions on whether to extend record production cuts. Brent crude futures were up $2.07, or 5.2 per.

Stocks rallied on Friday after a historic and surprising gain in U.S. jobs raised hope the economy is starting to recover from the coronavirus pandemic. The Dow Jones Industrial Average jumped 1,030 points, or 3.9%. The S&P 500 traded 3.1%.