Market Overview - Page 377

Spain has reported 3,477 new coronavirus cases and a daily rise of 517 deaths Monday, bringing the total number of fatalities to 17,489, the country’s health ministry said. The number of daily deaths has fallen; the death toll the day.

Sideway trends for bitcoin often end with sales, which was confirmed this time as well. On the weekend, Bitcoin made a deceptive leap above $7,100, where it faced stiff resistance. At the beginning of the working week, Bitcoin is losing.

OPEC+ made a historic agreement. The price wars between Saudi Arabia and Russia are over, and this supported the oil. The new week starts with more than a 5% jump in oil quotations on promises of major producers to sharply.

Russian President Vladimir Putin’s government plans to dramatically ramp up stimulus measures to prop up an economy that is lurching toward recession. The government will roll out about 1 trillion rubles ($13.5 billion) of new spending, according to two people.

The number of deaths linked to the novel coronavirus reached 100,000 on Friday, as the tally of cases passed 1.6 million, according to a Reuters tally. The first death came in the central Chinese city of Wuhan on Jan. 9..

After days of consolidation after rallying 100% from the March bottom, Bitcoin tanked under $7,000 just minutes ago, reaching a local low of $6,920 as of the time of this article’s writing. With this downward move, the cryptocurrency is down.

The stock market climbed Thursday, continuing gains from Wednesday after Senator Bernie Sanders abandoned the presidential race. Optimism is in the air after the Federal Reserve announced more than $2.3 trillion in aid to businesses and governments. The central bank.

New bank lending in China rose sharply to 2.85 trillion yuan ($405 billion) in March, with total social financing hitting a record, as the central bank pumped in more liquidity and cut funding costs to support the coronavirus-ravaged economy. Chinese.

After a widely expected and sharp drop in the U.S. economy over the next three months, a panel of top business economists sees high joblessness persisting for more than a year in an outcome that would douse hopes for a.

The dollar was on course for a weekly loss on Friday as the U.S. Federal Reserve’s massive new lending program for small companies and signs of a slowdown in coronavirus infections reduced safe-haven demand. The pound pulled ahead against the.

Oil producer group OPEC and its allies failed to comprehensively secure a deal to take a historic amount of crude off the market on Thursday, after Mexico balked at the suggested production cuts. An energy alliance of some of the.

OPEC+ has agreed to reduce production by 10M BPD, and another 5M will be from countries outside this expanded list. This is an unprecedented cut in terms of both depth and width. However, the agreement is conditional: the reduction will.