Asian stocks ended flat to lower on Monday, though Seoul stocks rallied after a court dismissed an appeal by lawyers of Yoon Suk Yeol against an arrest warrant for the impeached president. Japanese markets led declines due to profit taking following the Nikkei stock indexs record year-end close. Chinese and Hong Kong markets ended on...
European stocks started the week on a positive note, with banks and technology stocks leading the surge ahead of key U.S. and European economic data due later in the week. The pan European STOXX 600 was up 0.1 percent at 508.77 after the tech-heavy Nasdaq Composite jumped 1.8 percent and the S&P 500 surged 1.3...
The commodity currencies such as Australia, the New Zealand and the Canadian dollars strengthened against their major currencies in the Asian session on Monday, as Chinas service sector grew at the fastest pace in seven months in December underpinned by greater business inflows. Data from S&P Global showed that the services Purchasing Managers Index posted...
German stocks are modestly higher Monday morning with investors reacting to data on Germanys composite and services sector PMI readings, in addition to data from France and UK, and looking ahead to some crucial economic data, including monthly jobs report, from the U.S. The benchmark DAX was up 81.33 points or 0.42% at 19,990.45 a...
French stocks are up firmly in positive territory Monday morning after opening on a fairly bright note, as investors react to data showing an improvement in the nations services sector activity in the month of December. The benchmark CAC 40 index is up 50.18 points or 0.69% at 7,332.40. Data from S&P Global showed that...
Indian shares tumbled on Monday, with selling seen across the board as a stronger dollar and elevated U.S. bond yields added to concerns over continued foreign fund outflows. Caution ahead of the Q3 earnings season and reports of a new virus outbreak in China also weighed on markets. The Indian government has confirmed two cases...
U.K. stocks are down in negative territory Monday morning, weighed down by rating downgrades of a few big name stocks. The benchmark FTSE 100 is down marginally even as other key index in Europe, such as the DAX and CAC 40, are up firmly in positive territory. The FTSE 100, which dropped to 8,197.50 earlier...
The growth of stablecoins comes with the risk of financial ecosystem collapse.Alternatives to dollar-backed stablecoins are growing, with Tether and Circle’s share threatened. The market capitalization of stablecoins has surged to over $230 billion, increasing by 90% since late 2023. Using stablecoin for international transactions has strengthened the US dollar as the dominant global currency. ...
Pi tokens are now viewable in Telegram’s wallet, but sending, receiving, and withdrawing remain strictly restricted.Developers have until May 28 to migrate apps on PiNet and claim domains without auction-based competition. The Pi Network is once again gaining the spotlight this week as two urgent updates ripple through its developer and user community. While one...
George Harrap founded Step Finance to simplify Solana’s complex DeFi landscape for everyday users.He focuses on building tools that empower people to truly understand their crypto activity. Few people can say they were in crypto before Bitcoin was a mainstream topic. George Harrap is one of those few. He wasn’t just an early observer but...