Mortgage approvals data from the UK is the only major economic report due on Monday. At 2.00 am ET, Statistics Sweden is scheduled to issue flash GDP and retail sales data. At 4.00 AM ET, S&P Global publishes Austria manufacturing Purchasing Manages\' survey results. Half an hour later, UK mortgage approvals data is due. The...
Reflecting a continued slump by orders for transportation equipment, the Commerce Department released a report on Friday showing new orders for U.S. manufactured durable goods fell by more than expected in the month of September. The Commerce Department said durable goods slid by 0.8 percent in September, matching a revised decrease in August. Economists had...
Former President Donald Trump has so far secured over $4 million in crypto donations, predominantly in Bitcoin. According to a recent report published by CNBC, Trump’s campaign has raised substantial funds through contributions in various digital currencies, including Bitcoin, Ethereum, Ripple (XRP), and the stablecoin USD Circle. Tyler and Cameron Winklevoss Lead Bitcoin Contribution A...
A report released by the National Association of Realtors on Thursday unexpectedly showed a substantial pullback by pending home sales in the U.S. in the month of January. NAR said its pending home sales plunged by 4.9 percent to 74.3 in January after surging by 5.7 percent to a revised 78.1 in December. Economists had...
Now detained Binance executive Tigran Gambaryan and representatives of the crypto exchange were allegedly pressured by a government official to accept a secret agreement to settle Nigeria’s claims against the exchange, Binance CEO Richard Teng revealed in a blog post on Tuesday. According to Teng, Gambaryan and several Binance employees attended a meeting with members...
Final factory Purchasing Managers survey results from the euro area and the UK are the top economic news due on Monday. At 3.15 am ET, Spains manufacturing PMI data is due. The index is forecast to rise to 52.1 in August from 51.0 in July. At 3.45 am ET, S&P Global publishes Italys manufacturing PMI...
To align with EU standards, the United Kingdom unveiled plans on March 6 to integrate both stablecoins and central bank digital currencies (CBDCs) into its regulatory structure. Former Bank of England (BoE) official Varun Paul detailed the UK’s effort to catch up with the rest of the European Union in crypto regulation in a report...
French stocks rose sharply on Monday while bonds gained in a relief rally as the first round of voting left Le Pen\'s National Rally looking short of securing a majority in parliament. The benchmark CAC 40 was up 110 points, or 1.5 percent, at 7,589 after falling 0.7 percent on Friday. Banks rallied, with BNP...
Bitcoin reaches $85,000, with only 17% left to hit the $100,000 milestone by year-end, driven by Trump’s crypto-friendly policies and investor optimism.Bitcoin’s rally is fueled by institutional interest, including the Bitcoin ETF approval, and a favorable political environment that boosts market confidence. As we discussed in a CNF update earlier, Bitcoin Nears the $90,000 Milestone...
Indian shares opened a tad lower on Wednesday, a day after the Budget raised tax on long-term capital gains and short-term capital gains on listed equity shares and equity-oriented funds. The benchmark S&P/BSE Sensex was down 103 points, or 0.1 percent, at 80,325 in early trade while the broader NSE Nifty index was down 30...