Market Overview - Page 358

Another “big setback” in the U.S. economy could prompt the Federal Reserve to consider cutting interest rates into negative territory — but such a monetary policy wouldn’t be “very helpful,” a Goldman Sachs strategist said on Thursday. Fed Chairman Jerome.

Market dislocations triggered by the coronavirus crisis have sent more capital into Chinese stocks — and some strategists see this as part of a longer-term trend. “We’re finding that a lot of foreign managers globally (are) reshuffling their holdings in.

The S&P500 climbed by 36% over the period of harsh quarantine, from the March bottom to the highs of April. Due to this rebound, the index offset 65% of the decline from the peaks of February. However, the stock’s recovery.

The coronavirus crisis will fundamentally reshape global trade as companies look to reduce their dependence on Chinese manufacturing, economists have predicted. In a report published on Wednesday, the Economist Intelligence Unit (EIU) said the pandemic will reverse globalization by accelerating.

Rest in peace GRAM coin, we hardly knew ye. No, seriously. TON was the next big cryptocurrency project attached to one of the biggest messaging apps in the world — Telegram — run by Pavel Durov, the expat Russian holed.

The Democratic-led U.S. House of Representatives unveiled on Tuesday a sweeping new coronavirus bill with more than $3 trillion in assistance to states, families and epidemiologists seeking to track the extent of the coronavirus pandemic. The following are major provisions.

Federal Reserve officials note the need for the US government to increase fiscal support. These words sound like an alarm warning that business recovery is slower than previously expected. The President of the Reserve Bank of Dallas, Richard Kaplan’s words.

Global stocks and oil prices fell on Wednesday as fears about a second wave of coronavirus infections gripped financial markets. Investors, many facing steep losses due to the pandemic-driven shakeout in assets over the past few months, have also had.

The economic impact of the coronavirus pandemic prompted governments to issue more debt than ever before in April, according to data provided by the Institute of International Finance. The Covid-19 outbreak has meant countries have effectively had to shut down,.

U.K. GDP (gross domestic product) contracted by 5.8% month-on-month in March, according to preliminary figures released Wednesday, as lockdown measures began to hammer economic activity in the country. It represents the biggest monthly fall since the series began in 1997,.

The stock market has bounced back fast since the epic selloff in March. But even bullish investors admit that we’re currently pricing in the top-end of a very optimistic recovery. As Fidelity’s Jurrien Timmer puts it: At this point the.

Voluntary production cuts by OPEC members show that oil producing countries are doing what they can to stabilize the market during the ongoing coronavirus outbreak, one strategist told CNBC this week. Saudi Arabia on Monday said it will reduce output.