Market Overview - Page 420

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.

Foreign exchange markets revived on Tuesday, moving in the wake of worries around the mysterious Chinese coronavirus, causing move to safe-heavens. On Wednesday, market sentiment is more optimistic as most indices are trying to shake off these fears, turning to.

Storm clouds are gathering over the U.S. dollar, threatening a two-year rally in the currency that has squeezed corporate profits and angered President Donald Trump. Dollar bullishness in future markets stands at its lowest level in more than a year-and-a-half,.

The Economist has published its updated estimates of exchange rates based on the Big Mac index. Among the popular undervalued currencies are the South African rand (-62.00%) and the Russian ruble (-61.2%), as well as the Turkish lira (61.0%). The.

Growing concerns over the outbreak of a mysterious pneumonia-like virus in China, which has killed 9 and infected hundreds more, has impacted currency markets and pushed the Chinese yuan lower. “It is starting to have an impact … on financial.

Open interest in bitcoin futures listed on the Chicago Mercantile Exchange (CME) have doubled in the first few days of the year, as noted by data analytics firm Skew. About $235 million worth of positions (5,329 contracts) were open on.