Market Overview - Page 347

In a switch from the longer-term trend, European equities are beating their U.S. peers in the latest leg of the rebound. Boosted by a strong outperformance of cyclical shares on bets of a swift economic recovery and after a string.

Just recently Russia’s State Duma released a draft of proposed litigation toward cryptocurrencies and companies that deal with the technology. The draft called “On Digital Financial Assets,” is an updated version on how lawmakers might regulate the crypto industry in.

As oil and gas companies began shutting offshore production before the first tropical storm of the season in the U.S. Gulf of Mexico, experts said restarting wells and refineries will take longer and prove more costly this year because of.

The bond market has caught a tiny bit of the stock market’s optimism, and it’s selling off on the idea that the economy may have hit rock bottom in April. Bond yields, which move opposite price, have been edging up,.

On Thursday morning, markets paused the impressive growth of stock indices the day before. The S&P 500 added 1.4% to 3115, which is in line with March’s high and only 7.8% below its historical highs. The German DAX was 10%.

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..