Market Overview - Page 380

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.

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.