Market Overview - Page 384

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.

Oil surged as much as 12% on Thursday as Saudi Arabia, Russia, and the OPEC+ coalition agreed to slash crude oil production, a move that’s expected to boost prices going forward. US West Texas Intermediate crude rose 12% to $28.36.

The Federal Reserve on Thursday announced a bevy of new moves aimed at getting another $2.3 trillion of financing into businesses and revenue-pinched governments. Stock futures jumped after the announcement, which came moments after the government reported that 6.6 million.

Market overview S&P500 added 1.2% after rising 3.4% the day before as new Fed’s $2.3 trillion loan program shadowed further surge in jobless claims. DAX grew 2.0% today, CAC40 strengthened by 1.7%, FTSE100 – at 2.1%. Currency market volatility continues.

German bank BayernLB predicted last year that bitcoin’s halving could drive its price to $90,000, roughly 12 times the current level. Cryptocurrency markets got a sneak preview on Wednesday as a lesser coin, bitcoin cash, went through its own halving..

It’s official. Microsoft announced that they’re making all events digital. To curb the spread of COVID-19, all internal and external events will be digital-only until July 2021. This is a smart and necessary move by Microsoft. If we’re going to.

A tail-risk hedge fund advised by Nassim Taleb, author of “The Black Swan,” returned 3,612% in March, paying off massively for clients who invested in it as protection against a plunge in stock prices. The fund, managed by Universa Investments.

The number of Americans seeking unemployment benefits in the last three weeks likely totaled a staggering 15 million as tough measures to control the novel coronavirus outbreak abruptly ground the country to halt, which would cement views the economy was.

Global cases: More than 1,511,104 Global deaths: At least 88,338 Most cases reported: United States (429,052), Spain (148,220), Italy (139,422), France (113,959), and Germany (113,296). Russia has reported a record one-day rise of 1,459 new cases of coronavirus Thursday, making.

Some of the world’s largest oil producers will hold an emergency meeting on Thursday to try to agree on historic output cuts, as the coronavirus pandemic continues to crush worldwide demand for crude. OPEC and non-OPEC partners, sometimes referred to.

World markets returned to growth on Wednesday on new signs of stabilization in the number of new cases of coronavirus infection. Formally, it is too early to talk about quarantine removal. However, politicians are already indicating that they are working.

Some 60,000 Americans could die in the coronavirus pandemic, a university model often cited by U.S. and state policymakers projected on Wednesday, a 26% reduction in its most recent forecast death toll. The University of Washington model’s downward revision coincides.