Market Overview - Page 357

The Dow Jones continues its volatile week with a heavy slide in premarket futures trading. Investors remain nervous as the global coronavirus pandemic shows no signs of slowing down. The outbreak hit two devastating new milestones overnight: 5 million total.

Turkey’s central bank cut interest rates by 50 basis points on Thursday, in a move economists say was likely encouraged by confidence in the lira, which has strengthened modestly since hitting record lows earlier this month. The central bank’s decision.

The Senate passed legislation on Wednesday that could ban many Chinese companies from listing shares on U.S. exchanges or raising money from American investors without adhering to Washington’s regulatory and audit standards. The bill, sponsored by Louisiana Republican Sen. John.

World markets are facing difficulties near 2-month highs. The American S&P 500 was again under increased pressure after reaching 2980 not so far from round level 3000, that was strong resistance back in 2019. The same with gold, whose rally.

Investors should think carefully about whether buying U.S. equities is the right thing to do in the current environment, a strategist has warned. Speaking to CNBC’s “Squawk Box Europe” on Wednesday, Peter Toogood, CIO of financial services business The Embark.

The U.K. borrowed at a negative interest rate for the first time on Wednesday, amid growing fears of a deep global recession and expectations of further bond-buying action from central banks. In an auction Wednesday, the country’s Debt Management Office.

The British pound is trying to swim upstream this week. It is growing, despite the sharp slowing of inflation and the first negative-rate government bonds auctions and despite the increased demand for protective assets on Tuesday. Right now, the technical.

Chinese doctors are seeing the coronavirus manifest differently among patients in its new cluster of cases in the northeast region compared to the original outbreak in Wuhan, suggesting that the pathogen may be changing in unknown ways and complicating efforts.

While bitcoin (BTC) is often discussed as the cryptocurrency best suited for turbulent times, the price of ether (ETH), the second-largest digital asset by market capitalization, has been substantially outperforming bitcoin since the start of 2020. But ether has much.

Unemployment claims in the U.S. continue to sharply increase as businesses struggle to deal with the economic pressure from the pandemic. The stock market is hinting at the start of a new downtrend after a week of rallying. The U.S..

Antarctica conjures images of an unbroken white wilderness but blooms of algae are giving parts of the frozen continent an increasingly green tinge. Warming temperatures due to climate change are helping the formation and spread of “green snow” and it.

The euro has rallied this week after a landmark coronavirus relief fund proposed by France and Germany provided a “meaningful positive surprise” to expectations for the common currency, according to Goldman Sachs. As of Wednesday morning, the euro was trading.