Stock markets in Europe have had their worst week since June after investors shrugged off record-breaking growth for the eurozone and focused on the likely impact of fresh lockdown restrictions. Amid growing fears that a second wave of Covid-19 would end the west’s recovery and even threaten a double-dip recession, news of a near 14% […]
Oil prices fell more than 1% on Friday, extending losses and on track for a second monthly fall, on growing concerns that the rise in COVID-19 cases in Europe and the United States could hurt fuel consumption. Brent crude slipped for a third day and settled 19 cents, or 0.5%, lower at $37.46 per barrel, […]
Stronger-than-expected GDP data curbed losses on European stock markets on Friday, but US stock futures pointed to a continued sell-off on Wall Street. European stocks had looked set for a fresh rout on Friday as infection rates and new lockdown curbs in France and Germany spooked investors, with futures contracts down sharply before markets opened. […]
U.S. stock futures tumbled early Friday after some of the technology heavyweights came under pressure following their quarterly reports. Futures on the Dow Jones Industrial Average pointed to an opening drop of about 300 points. S&P 500 futures and Nasdaq 100 also traded in negative territory. Earlier in the session, Dow futures were down more […]
For those Americans wondering whether their 401(k)s will see a bigger boost under Donald Trump or Joe Biden as president, it turns out that the stock market cares more about which party controls Congress than it does about which one wins the White House. Stocks have typically thrived under legislative gridlock in Washington, and a […]
The Dow Jones Industrial Average have now entered a correction, falling more than 10% from its February peak. The blue-chip index has been hard hit this week as spiking Covid cases in the U.S. ignited fears over the economic recovery. The failure to get additional relief from Washington lawmakers to mitigate the economic damage has […]
Gold fell as much as 2% and silver nearly 6% on Wednesday as investors flocked to the dollar in the absence of signs of any imminent U.S. fiscal stimulus measures to ease the economic blow from the COVID-19 pandemic. Spot gold hit its lowest since Sept. 28 at $1,869.21 per ounce before recovering to $1,881.41. […]
SINGAPORE — Shares in Asia-Pacific fell in on Thursday following an overnight plunge on Wall Street as coronavirus cases continue to surge in the West. The sustained increase in coronavirus cases seen in the U.S. as well as across Europe likely weighed on investor sentiment in Asia-Pacific on Thursday. Stocks in Australia led losses among the region’s […]
LONDON — European markets plummeted on Wednesday amid reports that Germany and France are preparing new lockdown restrictions to curb a rapid resurgence in coronavirus cases across the continent. The pan-European Stoxx 600 closed down by 3.1% provisionally, suffering its worst one-day drop since late September. Germany’s blue-chip DAX index led the sell-off, down 4.4%, […]
Stock markets around the world have lurched downwards, as mounting gloom at the prospect of winter Covid-19 lockdowns across Europe triggered an “avalanche” of selling. With infections rising and intensive care units filling up, major economies such as Germany and France are headed towards tougher coronavirus restrictions that also likely to halt the region’s fragile […]
Bitcoin (BTC) has recently seen ample interest from a number of mainstream companies and persons, such as billionaire hedge funder Paul Tudor Jones. This could be the beginning of a new wave of Bitcoin buyers, according to Brian Estes, chief investment officer and managing partner at Off The Chain Capital — an investment firm focused […]
The S&P 500 is forming a “double top” going into the U.S. election, which is a worrying sign for investors, according to veteran investor Mark Mobius. A double top is a bearish technical indicator, where an asset’s price hits two consecutive highs with only a moderate decline between the two peaks. If the price then […]
