Market Overview - Page 345

The dollar held firm on Friday as caution over rapid rises in U.S. coronavirus cases cast doubt over the reopening of the economy, keeping demand for the safe-haven currency intact. The dollar index stood at 97.360, having pared a large.

The U.S. and China are heading into a new “cold war” that could be more damaging to the world compared to the geopolitical contest between the U.S. and Soviet Union at the end of World War II, a consultant said.

Markets for stocks and other risky assets could suffer a second swoon if the coronavirus spreads more widely, lockdowns are reimposed or trade tensions surge again, the International Monetary Fund warned on Thursday. Equity markets tailspinned into bear market territory.

Gold has continued to rise of late as a resurgence of coronavirus cases, particularly in the U.S., has dented some of the investor optimism about the speed of a post-pandemic recovery. Spot gold edged up slightly to $1,763 per troy.

Recent data on weekly applications for unemployment benefits in the US came out mixed. There were 1.48M of the initial claims last week. Once again, it is showing a decrease in noticeably slighter than median expectations (1.32 million). A week.

U.S. equity futures fell on Thursday as investors struggled to look past a global resurgence in coronavirus infections that sapped risk appetite yesterday. Treasuries rose with the dollar. S&P 500 and Dow Industrials contracts pointed to another day of losses,.

The price of Bitcoin dropped below $9,000 as several factors put pressure on BTC/USD, including correlation with global stock markets. The price of Bitcoin (BTC) dropped below $9,000 from $9,660 within seven hours. The 7% plunge comes as $55 million.

Yandex has doubled the size of its new share offering to $400 million, the Russian internet giant said on Thursday, which combined with private placements will raise $1 billion to finance acquisitions and growth. Yandex, co-founded by its Chief Executive.

Oil slipped below $40 a barrel on Thursday after a more than 5% fall the previous session, as record-high U.S. crude inventories and a resurgence in coronavirus cases cast doubt on a recovery in fuel demand. U.S. crude stocks rose.

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.