Market Overview - Page 352

American indices were unable to stay above critical psychological levels after the end of trading on Tuesday, and this is an important sign for markets. The S&P500 index exceeded 3000, while the Dow Jones index rose above 25000 on Tuesday.

With the near-term picture cloudy, some analysts are focusing on a longer-term trend that could be surprisingly bullish for bitcoin: the emergence of digital currencies issued by central banks. It’s not an obvious investment thesis because bitcoin was invented to.

The dollar edged higher on Wednesday as worries about the U.S. response to China’s proposed security law and renewed protests in Hong Kong supported safe-haven demand for the greenback. The yuan slipped to its lowest in nearly nine months due.

U.S. stock futures recovered from an earlier dip in overnight trading and pointed to continued gains at the open on Wednesday. Optimism about the reopening of the economy and a possible coronavirus vaccine continued, despite concerns about U.S.-China tensions. Recent.

The International Energy Agency believes the coronavirus pandemic has paved the way for the largest decline of global energy investment in history, with spending set to plummet in every major sector this year. In the group’s annual World Energy Investment.

Oil prices rose on Tuesday, supported by growing confidence that producers are following through on commitments to cut supplies and as fuel demand picks up with coronavirus restrictions easing. Brent crude futures were up 45 cents, or 1.3%, at $35.98.

Stocks surged on Tuesday as optimism grew about the reopening of the economy and a potential coronavirus vaccine. The S&P 500 rallied 1.9%, breaking above 3,000 for the first time since March 5. The Dow Jones Industrial Average rose 577.

European stocks climbed with global peers on optimism over economies reopening in some parts of the world and hopes for a vaccine to fight the coronavirus. The Stoxx Europe 600 Index added 1.2% as of 8:19 a.m. in London, rising.

The world markets are moving upwards. Japanese Nikkei225 reached a 10-week high, adding 1.5% this morning after growing 2% a day earlier. Against this background, the American S&P 500 is passing an essential double test. Futures on the S&P500 (SPX).

The pound is heading for this year’s fourth monthly slide, and a lengthening list of risks is pointing to more turbulence in June. Sterling traders look set to face heightened uncertainty on multiple fronts next month — the end-June deadline.

A U.S. ban on new offshore drilling in the Gulf of Mexico, which presidential hopeful Joe Biden promised to enact if elected, would lead to hundreds of thousands of job losses and billions in lost government revenue over 20 years,.

Countries where coronavirus infections are declining could still face an “immediate second peak” if they let up too soon on measures to halt the outbreak, the World Health Organization said on Monday. The world is still in the middle of.