Market Overview - Page 383

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.

Market overview SP500 loses 2.1% at the start of trading on Tuesday after falling 2.2% a day earlier. Investors are concerned about the increase in volatility in oil and the weak earning reports. The VIX Index is growing to 48.

Unexpectedly strong estimates of investors’ sentiment in Germany help the euro on Tuesday effectively resist the strengthening of the dollar. The April assessment of the ZEW sentiment index suddenly turned into a positive territory, reaching 28.2 against -49.5 a month.

Bitcoin lost more than 4% over the last 24 hours and trading around $6,900, under a critical round level. However, we are not yet talking about a massive sale, as evidenced by cautious purchases immediately after Bitcoin was below $6,900.

Nigeria may have one of the worst governments in the world. Even in good times, the country was in poor shape. But now, with oil prices falling to all-time lows, Nigeria is about to go the way of Venezuela and.

Bitcoin was in for a surprise plunge this Monday as investors assessed the situation in a worrisome oil market. The benchmark cryptocurrency fell by 4.30 percent to circa $6,748 per token shortly after the US oil futures price slipped into.

Global stocks fell on Tuesday, a day after U.S. crude oil prices turned negative for the first time, as dismal company earnings reports underlined worries about economic damage from the coronavirus pandemic. The dollar rose against a basket of peers.

Prices for WTI futures with May delivery in the US declined to -$40, as an oil under these supply contracts had no place to store, and trading under these contracts ends today. It often happens that the expiring contracts are.

While much of western Europe has struggled to contain the coronavirus pandemic, Germany has appeared to navigate the outbreak relatively smoothly, with widespread testing and contact tracing that has helped keep its death rate far lower than its peers. Perhaps,.

West Texas Intermediate crude futures for May delivery returned to negative prices in early morning trade on Tuesday, following a brief recovery after plunging below zero for the first time in history a day earlier. The contract in question is.

Sweden’s unusual approach to fighting the coronavirus pandemic is starting to yield results, according to the country’s top epidemiologist. Anders Tegnell, the architect behind Sweden’s relatively relaxed response to Covid-19, told local media the latest figures on infection rates and.