Market Overview - Page 466

Prime Minister Boris Johnson has blamed Iran for attacks on Saudi Arabian oil facilities ahead of a meeting with the country’s president, Hassan Rouhani. Mr Johnson said there was a “very high degree of probability” Iran was behind the drone.

Oil starts the week with an increase of 1% to $63.95 per barrel Brent due to the Middle East increased geopolitical tensions. Saudi Arabia and the U.S. are building up their military presence in the region and have increased pressure.

Despite the Federal Reserve’s latest efforts to boost the economy, long-time market bear David Rosenberg warns a recession is coming. The Gluskin Sheff chief economist and strategist predicts economic growth in the U.S. will turn negative sooner than most investors.

Market overview FX: The dollar index rose to 98.4 on Monday due to the strengthening against the euro. EURUSD fell back below 1.1000 on the weak eurozone PMIs; safe-heavens, JPY and CHF, are up for the third trading session; commodity-linked.

President Donald Trump on Friday said he doesn’t think he needs to strike a trade deal with China before the 2020 presidential election. “No, I don’t think I need it before the election,” Trump told CNBC’s Eamon Javers during a.

During September, the British pound is struggling to get out of the pit where it fell on the fear of no-deal Brexit. This decline sent GBPUSD in August and early September to levels that had not been consistently achieved since.

Seven months after electric truck start-up Rivian announced that it had raised $700 million in an investment round led by Amazon, the online retail giant has placed a massive order with the Michigan-based EV firm as part of its new.

Market overview FX: The dollar index fell to 97.9 on Friday morning after falling 0.2% on Thursday. EURUSD remains at 1.1050. SGD, TRY, GBP are among the leaders of the growth in USD since the beginning of the day. NZDUSD.

U.S. Vice President Mike Pence on Thursday struck an unyielding tone on America’s position in its trade war with China. “The era of economic surrender is over,” Pence told CNBC’s Joe Kernen at the CNBC Institutional Investor’s Delivering Alpha Conference..

The British pound jumped on Thursday after European Commission President Jean-Claude Juncker said he is confident a Brexit deal will get passed before the deadline. “I think we can have a deal,” Juncker said in an interview with Sky News..

Ethereum network participants are attempting to raise the network’s block size as a direct response to network congestion. As various parties including co-founder Vitalik Buterin confirmed this week, testing is currently underway to improve network performance and reduce transaction fees..

Policymakers around the world have upped the pressure on libra, the digital currency being introduced by Facebook, amid concerns it could heavily disrupt the global financial system. On Tuesday, European Central Bank board member Benoit Coeure warned that virtual currencies.