Market Overview - Page 389

Traders around the world dumped the dollar in favor of risk assets as moves by U.S. leaders to support the world’s largest economy spurred relief across markets hampered by liquidity strains. The Bloomberg Dollar Spot Index declined 0.6%, ending a.

The United States could become the global epicenter of the coronavirus pandemic, the World Health Organization said on Tuesday, as India announced a full 24-hour, nationwide lockdown in the world’s second-most populous country. India joined the ranks of Britain and.

Investors hunting for safe spots to park their money should look to Asia now amid the current pandemic, analysts said, highlighting that the region is much more prepared economically to ride out the current crisis compared to the West. Additionally,.

Stock futures were positive in early Wednesday morning trading, following Tuesday’s historic rally, as the White House and Senate reached a deal on a coronavirus stimulus bill. As of around 2:43 a.m. ET, futures on the Dow Jones Industrial Average.

India will begin the world’s largest lockdown, Prime Minister Narendra Modi announced in a TV address Tuesday night, warning that anyone going outside risked inviting the coronavirus inside their homes, and pledging $2 billion to bolster the country’s beleaguered health.

Sales on global stock markets were replaced by purchases on the back of extensive liquidity support measures and asset purchases on balance sheets, launched by major central banks. On top of this, governments are increasing measures to support small businesses.

U.S. index futures and European stocks rallied alongside Asian shares on Tuesday after global equities hit their lowest level since 2016, while the dollar snapped a 10-day winning streak and Treasuries dipped as appetite for riskier assets revived. Contracts on.

Bitcoin (BTC) price perked up today, rallying from $5,688 to a daily high at $6,600. The digital asset defied the worst fears of analysts by holding above the $5,400 support and currently Bitcoin continues to show growing strength in the.

Oil prices rose around 4% on Tuesday on hopes that the United States will soon reach a deal on a $2 trillion coronavirus aid package that could blunt the economic impact of the outbreak and in turn support oil demand..

Stocks in Asia jumped on Tuesday as authorities ramped up stimulus measures to combat the economic impact of the global coronavirus outbreak. Japan’s Nikkei 225 was among the region’s major markets that the saw the largest increase. It surged 7.13%.

World markets are facing a simple but serious problem: There just aren’t enough dollars to execute trades and transactions. That explains why the trade-weighted dollar index, gained more than 4% last week. The broad dollar index measures the value of.

An early look at Chinese business conditions in March shows little indication the economy has recovered much from the shock of the coronavirus in the first two months of the year, according to the China Beige Book. The firm conducts.