Market Overview - Page 346

The European Central Bank (ECB) is expected to increase its coronavirus crisis asset-purchase program at this week’s meeting, amid fears of falling inflation and the steepest economic contraction since World War II for the euro zone. In March, the ECB.

The ADP reported a drop in US private sector employment by 2.76M in May (vs -9.00M expected). According to this estimate, the total jobs number fell below 107M and is already below the lowest point after the global financial crisis..

Switzerland’s economy slumped the most in at least four decades as a result of the coronavirus pandemic, with private consumption and investment plummeting. First-quarter gross domestic product plunged 2.6%, data from the State Secretariat for Economic Affairs showed. That’s worse.

German Employment data for May again emphasised that the labour market remains under pressure, despite a business activity indicators turn to the growth and a notable relaxation of quarantine restrictions. In May, unemployment increased by another 238K after a jump.

The CEO of Kingdom Trust, a regulated custodian managing over $13 billion in assets, believes a generational shift will soon open the $28 trillion retirement industry to Bitcoin. In an interview with Cointelegraph, Ryan Radloff, the CEO of the crypto-friendly.

The euro topped an 11-week high on Wednesday, on track for a seven-day winning streak, with the dollar falling against most currencies as the prospects of more stimulus and hopes for economic recovery emboldened investors to buy riskier assets. The.

China’s oil demand has recovered to more than 90% of the levels seen before the coronavirus pandemic struck early this year, a surprisingly robust rebound that could be mirrored elsewhere in the third quarter as more countries emerge from lockdowns..

The rally of world markets continues, and the dollar is rapidly losing ground. Very often, the weakening of the U.S. currency goes hand in hand with the strengthening of purchases on world markets. With a few exceptions, this is a.

Lufthansa reported a substantial loss for the first quarter and said restructuring was necessary as its results were “significantly impacted” by the Covid-19 pandemic. The German airline reported a net loss of 2.1 billion euros ($2.35 billion) for the first.

The great rotation continues, with some of the most down-trodden names leading the market higher: industrials, airlines, financial institutions, and energy companies. Powerful monetary and fiscal stimulus programs are keeping stocks aloft, as investors continue to shift funds to parts.

The World Bank said on Tuesday that it expects the coronavirus and resulting recessions to leave “lasting scars” on developing and emerging market countries, with the worst damage on oil exporters and those suffering financial crises. In analytical chapters of.

World stock markets hit their highest levels since March and oil prices jumped on Tuesday as signs of a global economic recovery from the coronavirus pandemic offset concerns over the worst civil unrest in the United States in decades. Despite.