Market Overview - Page 357

The People’s Bank of China (PBoC) and major financial regulators in the nation are planning to open up the country’s Southern region to the “Greater Bay Area” that include Hong Kong and Macau. The Chinese government is attempting to tame.

The gold price has hit a four-week high against the U.S. dollar. As the Dow Jones continues to stagnate in a coronavirus recession, the spot price of gold hit $1,738 earlier today. It will most likely continue to rise, passing.

Stock futures fell on Friday on the back of a record plunge in U.S. retail sales and rising trade tensions between China and the U.S. Dow Jones Industrial Average futures fell 247 points, or 1.1%. S&P 500 futures lost 1.1%..

German GDP (gross domestic product) shrank by 2.2% in the first quarter compared to the final three months of 2019, official preliminary statistics revealed Friday. The contraction, fueled by the early stages of nationwide lockdowns implemented in March to curtail.

Yesterday, US President Donald Trump spoke very unexpectedly in favour of a strong dollar. He said in a Fox interview: “It’s a great time to have a strong dollar. Everybody wants to be in the dollar because we kept it.

The current Bloomberg wealth rankings have just given critics of Warren Buffett more fodder. As of May 14, Facebook founder and CEO Mark Zuckerberg is worth $78.2 billion. He is now the world’s third-richest person. Warren Buffett’s wealth, on the.

The impact on air travel from the coronavirus will be felt for many years to come, according to the International Air Transport Association, which estimates that passenger traffic won’t rebound to pre-crisis levels until at least 2023. The trade association.

The number of US Initial Jobless Claims is falling slower than expected, reaching 2.98M for the week ending May 9, vs 3.176M a week earlier and 2.5M forecasted. The decline is too slow, but some people were finding work. This.

European stocks slumped on Thursday on worries the global economy won’t rapidly bounce back after the lockdowns from the coronavirus pandemic. The Stoxx Europe 600, fell 1.6%, after a rough Wall Street session following the grim outlook from Federal Reserve.

The biggest names in finance are coming around to a view that seemed unlikely a few weeks ago: Stocks are vastly overvalued. Legendary investors Stan Druckenmiller and David Tepper were the latest to weigh in after a historic market rebound,.

Despite a post-halving rise in bitcoin’s price Wednesday, the current value may not be enough to keep less-efficient miners operating, and that could shift market dynamics. At press time, bitcoin (BTC) was trading up 2.3% over 24 hours at $9,106..

Oil prices climbed on Thursday following an unexpected drop in U.S. crude stocks, but the Brent benchmark still hovered below $30 a barrel as any bullish momentum continued to be curbed by a bleak fuel demand picture due to the.