Market Overview - Page 602

The currencies of developed countries are moving within a narrow range at the beginning of the eventful week. The dollar index is around the mark of 94.50 and has been trading for two months in a range of slightly over.

Stocks began the week on the back foot as investors weighed earnings results against lofty expectations and prepared for key policy meetings from some of the world’s biggest central banks. Metals fell on continued concern over trade and China’s economy..

The government of South Korea is hurrying the finalization of the country’s first crypto and blockchain legislation, to recognize the cryptocurrency and blockchain sector as legitimate industries. As CCN reported, local financial authorities initially disclosed their intent to regulate the.

Something interesting happened in Swedish finance last quarter. The only big bank that managed to cut costs also happens to be behind one of the industry’s boldest plans to replace humans with automation. Nordea Bank AB, whose Chief Executive Officer.

The U.S. economy accelerated to a 4.1 percent pace of growth in the second quarter, the fastest since 2014, letting President Donald Trump claim a win for his policies even though expansion is projected to cool. The annualized rate of.

The single currency is traded near weekly lows against the dollar, getting under pressure after maintaining the soft tone of the ECB during the regular meeting. The EURUSD sank to 1.1640 on Thursday, losing about 0.9% after Draghi’s speech. The.

As global investors flock to cryptocurrency as an investment vehicle, the use of cryptocurrencies for their intended purposes has come into question. New research suggests that only one-third of transactional activity occurring on the Bitcoin network is related to the.

European equities gained on Friday and were poised for the best week in more than four months as a busy stretch of earnings comes to an end and as investors celebrated the cease-fire over trade between the region and the.

The bitcoin price careened back toward $8,000 on Thursday after the U.S. Securities and Exchange Commission (SEC) rejected the Winklevoss twins’ second attempt to create a bitcoin ETF and list it on a regulated stock exchange. The bitcoin price had.

U.S. equity indexes struggled to overcome Facebook Inc.’s historic plunge, as gains in energy and industrial sectors weren’t enough to offset the social network’s meltdown. Facebook tumbled as much as 20 percent Thursday, driving the Nasdaq down, after revenue and.

Yesterday the markets enjoyed a rare portion of good news on international trade. Trump and Juncker agreed not to introduce new tariffs for the period of negotiations. Europe promised to buy more American goods, including liquefied natural gas. In addition,.

Bitcoin mining giant Bitmain said that it will begin publishing regular reports on the size of its in-house mining operation as part of a wider transparency push it has been making prior to going public later this year. Those statistics,.