The Thai stock market has moved lower in two straight sessions, slipping more than 8 points or 0.6 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,440-point plateau although its due for support on Wednesday. The global forecast for the Asian markets is upbeat on optimism over the outlook...
European stocks look set to open notably higher on Monday after U.S. President-elect Donald Trump picked hedge fund billionaire Scott Bessent as his Treasury Secretary, raising optimism he would recommend tariffs be layered in gradually. He has advocated, in a Bloomberg interview, for the U.S. to grow its way out of large debts and, in...
The U.S. dollar weakened against other major currencies in the Asian session on Monday amid risk appetite, following the broadly positive cues from Wall Street on Friday, boosted by strong gains in markets in Japan, Indonesia and South Korea as traders remain optimistic about a 25-basis point rate cut by the U.S. Fed in December...
Most Asian stocks rose on Monday, the dollar dipped, and bond yields declined after U.S. President-elect Donald Trump has chosen wealthy hedge fund manager Scott Bessent to be his Treasury secretary. Bessents reputation for stability and his past advocacy for gradual economic policies have calmed market nerves. Oil prices traded lower in Asian trading and...
German stocks opened higher on Monday ahead of the release of key inflation readings from the U.S. and Eurozone, U.S. GDP data and the minutes from the last FOMC meeting due this week. The single European currency traded below the 1.05 level after ECB chief economist Phillip Lane said that monetary policy should not remain...
French stocks traded higher on Monday after Donald Trump nominated Scott Bessent, a billionaire hedge fund manager and an advocate for deficit reduction, to lead the U.S. Treasury Department. The benchmark CAC 40 was up 35 points, or half a percent, at 7,289 after rising 0.6 percent on Friday. Atos SE shares jumped nearly 22...
Chris Giancarlo led the CFTC and revolutionized U.S. crypto regulation, earning the nickname “Crypto Dad.”He co-founded the Digital Dollar Project to explore a U.S. Central Bank Digital Currency and ensure financial innovation. Chris Giancarlo was born on May 12, 1959, in Jersey City, New Jersey. Growing up in Englewood, New Jersey, he went to the...
Bitcoin (BTC) is expected to continue its downward trend as analysts predict a fall to $70k after a decline below a crucial support level. Another analyst has predicted that Bitcoin usually corrects by 30% in January after every halving event. Bitcoin (BTC) trades at $91.2k at press time after declining by 8% in the last seven...
Trump’s pro-Bitcoin stance and Q4 2024 market optimism drove Bitcoin’s 47.2% surge, yet significant crypto reforms face legislative delays.Strategic initiatives like a US Bitcoin reserve and “Made in the USA Bitcoin” underscore Trump’s vision, but uncertainties persist. Donald Trump’s upcoming inauguration on January 20 has stirred conversations about the future of cryptocurrency regulations. The president-elect...
Tether’s relocation to El Salvador reinforces its commitment to emerging markets and financial innovation, aligning with the country’s Bitcoin-first economy.Partnerships with the Salvadoran government and renewable energy projects signify Tether’s broader focus on sustainable growth and decentralized financial solutions. Tether and its subsidiaries are finalizing procedures to relocate to El Salvador. Tether, the world’s largest...