Market Overview - Page 361

Weekly US Jobless Claims data looks the most timely estimate of the labour market. And this assessment can hardly be called optimistic. Last week, there were 3.169 million people claimed for unemployment insurance. The wave of the end of March.

U.S. stock futures rose early Friday morning after more gains in tech led to the Nasdaq Composite erasing all of its losses for 2020. Dow Jones Industrial Average futures were up by 235 points, implying an opening gain of about.

A rally in bitcoin led the cryptocurrency market higher ahead of a major technical event for the digital coin and as industry participants report an increased interest from institutional investors. Bitcoin crossed $10,000 on Friday morning Singapore time, the first.

Top officials from the U.S. and China held a phone call late Thursday Eastern time to discuss trade matters including the “phase one” deal that was signed in January. U.S. Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer.

Unemployment rolls continued to swell in the U.S. last week, though jobless claims hit their lowest level since the economy went into lockdown made to battle the coronavirus pandemic. First-time filings for unemployment insurance hit 3.17 million last week, bringing.

Oil prices rallied for five consecutive days this week amid investor optimism over the relaxing of coronavirus lockdowns in the U.S. and around the world, but several energy analysts argue it’s too soon to get carried away. The commodity that.

Crude oil inventories in the US last week grew by 4.6 million barrels, according to a new EIA report. The growth was weaker than expected (8.5 million). Positive for oil was also a further increase in reserves in the country’s.

In early trading at 00:00 UTC, the world’s oldest cryptocurrency was around $8,957 before jumping as high as $9,399 at 13:00 UTC (9 a.m. EDT) on spot exchanges including Coinbase. It was changing hands at a price above its 10-day.

Turkey’s lira fell to a record low of 7.25 per U.S. dollar TRY=, after traders interpreted comments from a Federal Reserve policymaker as ruling out a Fed swap line to cushion Ankara’s depleted reserves. Sterling rallied after the Bank of.

PayPal Holdings Inc said it expects a strong recovery in payments volumes in the second quarter as social distancing drives more people to shop online, even as lockdowns start to ease, sending its shares up 8% in extended trading. Online.

Stock markets are growing on Thursday morning on strong foreign trade data published by China and Australia. Rising surpluses in these export-oriented countries are often a positive signal of global growth. But things can be different now. In Australia, the.

Russia reported 11,231 additional cases of the coronavirus disease over the last 24 hours — a record high in daily new cases in the country, reported Reuters. Russia’s tally of cases now stands at 177,160 since the outbreak, said the.