Market Overview - Page 399

OPEC and non-OPEC allies have reportedly failed to agree on how much production to cut amid the coronavirus outbreak, with Russia refusing to give the green light to the deepest supply cuts since the global financial crisis. Oil prices slipped.

Market overview There is no shortage of strong moves on Friday, despite the proximity of the US NFP publication, in anticipation of which the markets often subside. A day earlier, the S & P500 lost 3.4%, and before the start.

After many failed attempts, bitcoin finally managed to pop above the $8,950 and $9,000 resistance levels against the US Dollar. BTC price settled nicely above the $9,000 level and the 100 hourly simple moving average. A new weekly high is.

OPEC holds crunch talks with its allies on Friday after the group told Russia and others it wanted an additional 1.5 million barrels per day (bpd) of oil cuts until the end of 2020, saying a big move was needed.

At around 4:45 a.m. ET, the yield on the benchmark 10-year Treasury note, which moves inversely to price, touched an all-time low of 0.7041%. The yield on the 30-year Treasury bond notched a record low 1.2903%. Wall Street suffered another.

In recent days, the foreign exchange market has consistently points to a high level of concerns among investors. However, the stock market has had a short break in the form of a bounce. As it often happens, currency movements act.

U.S. job growth likely slowed in February, but the pace probably remained consistent with a healthy labor market despite the coronavirus outbreak, which stoked financial market fears of a recession and prompted an emergency interest rate cut from the Federal.

The coronavirus crisis could wipe out $211 billion from economies across Asia Pacific, according to a Friday report from S&P Global Ratings. Australia, Hong Kong, Singapore, Japan, South Korea and Thailand “will enter or flirt with recession,” the ratings giant.

Futures on Friday morning pointed to further declines for Wall Street on Friday as stocks stateside head toward the end of a turbulent trading week. As of 12:20 a.m. ET Friday, Dow Jones Industrial Average futures fell 322 points, pointing.

Italy will double the amount planned to help contain the impact of the coronavirus outbreak on the economy to 7.5 billion euros ($8.4 billion.)The announcement marks a dramatic escalation in the government’s response, which has so far included measures such.

The Canadian economy’s resilience could be “seriously tested” by a coronavirus outbreak depending on its severity and duration, Bank of Canada Governor Stephen Poloz said on Thursday. Poloz spoke a day after the central bank slashed a key interest rate.

Bitcoin (BTC) will reach $100,000 and Jamie Dimon will be “begging” the United States Federal Reserve for money to buy some. Those were just two of the predictions from Max Keiser on March 5, as the coronavirus outbreak sees financial.