Market Overview - Page 365

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.

China’s dollar-denominated exports unexpectedly rose in April, but imports fell the same month as movement restrictions to contain the coronavirus outbreak eased. According to data from the General Administration of Customs released on Thursday, exports rose 3.5% from a year.

The Bank of England (BOE) on Thursday held interest rates at 0.1% but said it stands ready to take further action should the economic crisis caused by the coronavirus pandemic continue to deteriorate. The bank’s Monetary Policy Committee (MPC) voted.

Turkey’s currency slumped to a near-record low on Wednesday, with the U.S. dollar rising more than 1.5% against the lira to a level not seen in nearly two years after the country’s banking regulator moved to restrict foreign investor access.

The U.K. could start easing its coronavirus lockdown restrictions as early as Monday, Prime Minister Boris Johnson said Wednesday. “We will want, if we possibly can, to get going with some of these measures on Monday,” Johnson told Parliament in.

ADP reported a drop in US employment by 20,236K or more than 20 million in April. This luck or the skill of market analysts, but the average forecasts of a decline of -20.5 million were incredibly close to the actual.

The on-ramp remains too steep Investing in Bitcoin, the top listed crypto asset on CoinMarketCap, remains a significant hurdle for large mutual fund managers, especially when considering their perceived risk of Bitcoin. Add to this the additional purchasing steps necessary,.

Last month when oil prices fell to the horrifying low of -$42 per barrel, investors started to worry about looming oversupply issues. Simply put, the world is running out of places to store the stuff as coronavirus lockdowns weigh on.

The novel coronavirus pandemic has wrecked economies around the globe and India is no different. According to the latest data from the Centre for Monitoring of Indian Economy (CMIE), unemployment in the country surged to 27.1 percent for the week.

The European Union will contract 7.5% in 2020 as the coronavirus pandemic brings the worst economic shock since the Great Depression in the 1930s, the European Commission said Wednesday. The executive arm of the EU has released its latest economic.