Market Overview - Page 416

Bitcoin fell below crucial support today, a move that could trigger additional downside and also threaten the bullish momentum the digital currency has enjoyed in recent weeks. The cryptocurrency dropped to as little as $8,290.24 around 8:45 a.m. EST, CoinDesk.

A digital yuan could allow some countries to avoid U.S. sanctions and increase the Chinese government’s influence, experts told CNBC. The People’s Bank of China is working on a digital yuan but has released very few details about the technology.

There is a remarkable trend in the currency market. The EURUSD volatility weakened last year to levels never seen before in the single currency 20-years history. The low fluctuation of the FX market is a sign of equilibrium, where the.

Market overview China actively fights the spreading of coronavirus, restricting movement from 11 cities. WHO stopped short from calling emergency measures, which is positively perceived by the European markets. The market focus now shifting to PMI indices set to publish.

A growing number of voices are calling for the U.S. to issue a “digital dollar” as China continues to work on a digital version of its own currency. Users of the U.S. dollar are “underserved by an analogue currency in.

Bitcoin has dived out its recent trading range, opening the doors for a pullback to deeper support levels.  The top cryptocurrency ran into offers around $8,580 at 08:35 UTC and fell through the long-held support of $8,460 in a few.

U.S. equity futures fluctuated, European stocks edged lower and Asian shares slumped on Thursday amid lingering concerns that a virus spreading from China to other countries could become a drag on global growth. Crude oil fell and Treasuries climbed. Contracts.

Fear of the Chinese virus continues to put pressure on markets. The actions of the Chinese authorities, who acknowledged the problem and took some steps to curb the spreading, were favourably received by markets on Wednesday. However, reports of an.

Stocks in mainland China dropped on Thursday, leading losses among major markets regionally as the death toll rises in China due to a pneumonia-causing virus outbreak. The Shanghai composite fell 2.75% on the day to around 2,976.53 while the Shenzhen.

Stock markets remain under pressure due to fears of the Chinese virus outbreak. Futures on Dow Jones have lost 0.6% this week, while Chinese Hang Seng declined 4.2%. Luxury goods manufacturers (Burberry, LVMH) and airlines companies (Air China, Japan Airlines).

The European Union has “no choice” but to negotiate a new trade deal with the U.S., President Donald Trump told CNBC on Wednesday. The president met with European Commission President Ursula von der Leyen at the World Economic Forum in.

Switzerland’s banking industry has long been known to privately safeguard wealth, so some bankers see bitcoin as a natural fit for the nation’s financial sector. Although such bankers may still be a minority, Zurich-based SEBA Bank AG opened in November.