Market Overview - Page 583

The euro zone economy will muddle through this year and next with steady but modest growth in a slowdown from 2017, according to economists in a Reuters poll, which shows a majority expecting a brewing U.S.-led trade war to hold.

Washington is prepared to impose more economic pain on Russia if it does not change its behavior, Trump administration officials told a Senate hearing on Tuesday, as U.S. lawmakers pushed for stronger measures to counteract what they see as “malign”.

Some would say the cryptocurrency market is beginning to bounce back; after a seven month bear market, Bitcoin breached the $8,000 mark on July 24 – the first time it has passed $8,000 since May 22. But not only is.

Stocks will continue to push upward before a final break in the next few months, serving as the last throes of what will be the longest bull market in history. That is according to forecasts by technical analysts at ING,.

Controversial cryptocurrency company Tether has “printed” $415 million worth of new tokens in August, vaulting the so-called “stablecoin” into the eighth position in the market cap rankings. CCN reported last week that Tether had already issued close to $200 million.

The dollar fell under pressure after Trump’s interview with Reuters, where he reiterated that he is “not thrilled” by the actions of the Fed and prefers a policy of low interest rates. The dollar index lost 0.7% over the past.

Cryptocurrency exchange giant Coinbase might, as market research firm Bernstein recently said, be on the cusp of assembling an “unassailable” market share in the U.S., but that doesn’t mean that the San Francisco-based firm isn’t struggling to maintain consumer activity.

A single currency fell back to 1.14 to the dollar by Europe opening, from 1.1440 at the day start. Bullish: continued stock markets recovery on speculations about US-China trade talks. Bearish: German PPI growth by 0.2% in July, below expected.

Asian bourses remain moderately optimistic since the end of last week. Expectations are encouraging that the Chinese and Turkish authorities should be able to find economic support measures and stabilise the exchange rates of their currencies. Beijing defended its currency.

Global dividends jumped 12.9 percent year-on-year in the second quarter to $497.4 billion, hitting a new record, according to a report on the Janus Henderson Global Dividend Index. Payments rose in almost every region of the world in headline terms.

Global stocks rose on Monday amid optimism over planned trade talks between the United States and China, while Turkey’s lira fell after its credit ratings were downgraded and shots were fired outside the U.S. embassy in Ankara. European shares opened.

“Crypto in crisis.” Mainstream press outlets covering battered crypto markets have frequently invoked that phrase in recent weeks. For those of us who’ve followed the cryptocurrency scene for five years or more, the natural retort is: “When hasn’t it been.