Final inflation data from the euro area is the only major economic news due on Monday, headlining a light day for the European economic news. At 3.00 am ET, Statistics Norway releases GDP data for January. The Mainland Norway is forecast to grow 0.1 percent, in contrast to the 0.1 percent decrease in December. At...
European stocks may open on a positive note Monday, though the upside may remain capped ahead of a slew of central bank meetings due this week. Asian markets traded mostly higher after Chinese retail sales and industrial output data beat expectations. Industrial output posted an increase of 7.0 percent in the January to February period,...
March has seen several web3 initiatives to recognize and spotlight women’s achievements in celebration of Women’s History Month. This annual observance, established in 1987, emphasizes the profound contributions women have made to society. Diversity Drives Web3 Growth Monica Talán, Founder and Contributor at Spanish-language web3 platform CryptoConexión, told Cryptonews that raising awareness for women in...
Asian stocks ended mostly higher on Monday as Chinese industrial output and retail sales figures beat estimates and investors looked ahead to a slew of central bank decisions. The dollar held steady while the yen wavered ahead of the BOJ, RBA, Fed, SNB, and BOE meetings due this week. Gold dipped while oil ticked higher,...
Kimchi premium crypto price discrepancy is driven by a lack of South Korean corporate investment in Bitcoin (BTC), say South Korean experts. Per Hanguk Kyungjae, a paucity of domestic investment options also drives the phenomenon that recently saw BTC prices in South Korea outpace the rest of the world by 10%. Kimchi Premium: Are South...
German stocks were seeing modest gains on Monday ahead of key Eurozone inflation data due out later in the day and the Fed and Bank of England policy meetings due this week. The flash estimate showed that Eurozone inflation softened to 2.6 percent from 2.8 percent in January. Eurozone foreign trade data is also due....
The Russian crypto mining industry could be set for a $4 billion boost, representatives claimed at a media event in Irkutsk, Siberia. Per the media outlet SIA, however, the sector cannot expand if Moscow approves plans to impose prohibitive new tariffs on crypto miners. Russia Crypto Mining Industry: Ready to Invest in New Facilities? The...
The U.S. Dollar recovered during the week ended March 15, recovering well from the losses posted a week earlier, as prospects for an early interest rate cut by the Federal Reserve faded a bit after hotter than expected consumer price and producer price inflation data. The somewhat less hawkish remarks by Fed Chair Jerome Powell...
China’s central bank, the People’s Bank of China, has published a digital yuan service guide for foreign visitors to help them make contactless payments with e-CNY. As per a local news report, “Explore the Splendors of China with e-CNY Service Guide for Visitors in China” published by the central bank, international tourists can now pay in...
The Swiss franc was lower against its major counterparts in the European session on Monday, ahead of monetary policy meetings from major central banks this week. The Fed is widely expected to hold rates unchanged, but the focus of the markets will be on the accompanying statement for clues about the timing of interest rate...