Market Overview - Page 372

Euro zone business activity hit another record low during April in another sign that the coronavirus pandemic is causing severe economic damage across the region. The IHS Markit Purchasing Managers’ Index, which measures both the services industry and manufacturing, dropped.

Oil jumped 40% at the high on Wednesday, reversing steep losses after a volatile overnight trading session which saw international benchmark Brent crude fall to its lowest level in more than 20 years. West Texas Intermediate, the U.S. benchmark, rose.

Its neighbors closed borders, schools, bars and businesses as the coronavirus pandemic swept through Europe, but Sweden went against the grain by keeping public life as unrestricted as possible. The strategy — aimed at allowing some exposure to the virus.

Market overview Futures on the SP500 are up 1.4% before the start of the New York session after falling 3.0% on Tuesday. Positive dynamics are provided by optimism in connection with a new package of measures to support small and.

Yesterday, we saw a 5% decline in bitcoin price below the $7,000 support area against the US Dollar. BTC even broke the $6,800 support level and the 100 hourly simple moving average. It traded as low as $6,761 and it.

Oil traders are struggling to find enough ships, railcars, caverns and pipelines to store fuel as more conventional storage facilities fill up amid abundant supply and plummeting demand due to the coronavirus crisis. Dozens of oil tanker vessels have been.

If the year 2020 has taught us anything, it’s that anything is possible. No asset is safe from a sudden and unexpected crash in value. Monday, it was oil–which saw its price collapse to negative $40 per barrel. Tomorrow, it.

Russia and its leader President Vladimir Putin are facing an unprecedented challenge as the coronavirus outbreak accelerates in the country, the Kremlin’s spokesman told CNBC. “It’s a huge challenge and a huge danger for every nation in the world. It’s.

Billionaire hedge fund manager Ray Dalio has described the coronavirus outbreak as an exciting turning point in history — one that could pave the way for greater societal progress. In a live LinkedIn interview Tuesday, the Bridgewater Associates founder highlighted.

The oil is still searching for its bottom. On Wednesday morning spot contracts declined by 18% to $19.5 at one point. From today, the CME exchange introduces options with a negative strike price on Crude futures, suggesting that the Monday.

Oil prices continued to plummet on Wednesday, with energy market participants increasingly concerned about a building supply glut and a lack of available storage. International benchmark Brent crude traded at $17.41 per barrel on Wednesday morning, down more than 10%..

When investors are scared, they turn to the U.S. dollar. As the coronavirus lockdown causes skyrocketing unemployment and heightens prospects of a deep recession, fear has fuelled the greenback toward its highest ever level. But there’s a growing view that.