On Friday, the U.S. dollar slipped and the risk appetite in currency markets eased up, as worries about the economic impact of the increasing coronavirus cases in the United States and Europe…
Category: News
Stocks Bulls Put a Stop to their Charge
On Thursday, global shares were on course to put an end to their longest winning streak in more than a year, one that has given them a boost of more than 10%,…
Dollar Steadies as Optimism over Vaccine Wanes
The U.S. dollar steadied as optimism about a potential COVID-19 vaccine was offset by a surge of new cases in the United States and worries over how the drug would be delivered….
Vaccine News Prompts Rally in Asian Shares But Signs of Weakness Emerge
On Tuesday, Asian share markets saw an increase as the successful trial data for the COVID-19 vaccine earned global investors’ applause. However, some of the early gains were wiped out due to…
Biden Gives World Stocks a Lift and Dollar Fades
On Monday, world stocks reached a record high while the dollar stayed weak, as risk appetite surged amidst expectations of more monetary stimulus and better global trade ties under U.S. President-elect Joe…
Cred Faces Backlash From Customers After Seeking Protection Against Bankruptcy
Cred faced backlash when the US-based crypto exchange platform filed for bankruptcy protection under Chapter 11 past weekend. The company had sought protection against the possible bankruptcy. Soon after the customers of…
First Crypto Platform Registered in the Netherlands
A crypto exchange called BLOX has officially been given the green light to operate in the Netherlands. By doing so, the crypto platform will be the first one to be registered in…
European Stocks Lose Steam after Five-Day Rally
On Friday, European stocks drifted lower after a strong rally this week as a record number of coronavirus cases were posted by France and Italy, while investors assessed the expected implications of…
Shares and Bonds Gain as Biden Moves towards Victory
Asia and Europe’s stock markets climbed on Thursday and bonds continued their rally as Democratic candidate Joe Biden inched closer to win the White House. Plus, the central bank in Britain became…
Dollar Trims Gains as U.S. Election Race Tightens
With riskier currencies staying on the backfoot, the U.S. dollar trimmed some of its gains, as the markets were waiting for the outcome of the U.S. elections after early results indicated that…