European stocks traded higher on Wednesday as investors awaited key U.S. inflation data as well as a Federal Reserve policy decision later in the day for additional clues on the outlook for interest rates. The euro held steady while French 10-year bonds snapped four days of losses. Euro zone government bond yields dropped after having...
Indian shares eked out modest gains on Wednesday ahead of industrial output and inflation data, due out later in the day. The rupee was unchanged and global cues were mixed as traders await the release of U.S. inflation data as well as the Federal Reserve\'s rate decision later in the day for additional clues on...
Canadian value retailer Dollarama, Inc. (DOL.TO) reported Wednesday that net earnings for the first quarter of fiscal 2025 increased to $215.8 million or $0.77 per share from $179.9 million or $0.63 per share in the prior-year quarter. On average, nine analysts polled by Thomson Reuters expected the company to report earnings of $0.76 per share...
Federal Express Corp., a subsidiary of FedEx Corp. (FDX) announced Wednesday a workforce reduction plan in Europe as part of its ongoing measures to reduce structural costs. The execution of the plan is subject to a consultation process that is expected to occur over an 18-month period in accordance with local country processes and regulations....
Wisconsin’s relatively small investment in Bitcoin ETFs could snowball into something larger by orders of magnitude, according to an ex-finance professor within the state. Why Did Wisconsin Buy The Bitcoin ETFs? During an interview with PBS, Marquette University professor emeritus David Krause said the $160 million currently invested by the state represents “just a toe...
Bitcoin (BTC/USD) is currently trading at $69,300, up 0.17% in the 2-hour timeframe, signalling a bullish Bitcoin price prediction, especially as it stays above the $69,100 level. According to CoinShares International Ltd., crypto asset inflows reached $185 million in the week ending May 31. Throughout May, investors poured $2 billion into digital-asset investment products, including...
Bitcoin spot exchange-traded funds (ETFs) saw a net inflow of $105 million recorded on June 3, marking 15 consecutive days of net inflows for these ETFs. Among the Bitcoin spot ETFs, Fidelity ETF FBTC witnessed a substantial inflow of $77.0482 million, while Bitwise ETF BITB attracted $14.3145 million in inflows. In contrast, BlackRock’s iShares Bitcoin...
Bitcoin (BTC), the leading cryptocurrency, fell from $70,230 during a bearish correction and completed a 50% Fibonacci retracement at around $68,789. This shift is driven by US economic data, increasing expectations of a Federal Reserve rate cut in September. Anticipation of lower rates has weakened the US dollar, supporting BTC’s bullish stance. Traders are now...
Bitcoin’s price is soon due for some major price action following an extended period of unusually low volatility, onchain analysis suggests. Bitcoin Price Move Incoming In a newsletter published on Monday, lead Glassnode analyst James Check noted that the Sell-Side Risk Ratio for Short-term Holders is “dropping like a stone,” a behavioral indicator suggesting that...
During the US session, the leading cryptocurrency, Bitcoin, continued to flirt with the $71,000 level. However, it failed to sustain above this level, closing as a spinning top candle on the 2-hour timeframe, indicating a potential reversal. This has caused a minor correction, and currently, Bitcoin is trading at the $70,250 level. On the fundamental...