Asian stocks rallied on Thursday after Wall Street\'s three major indexes notched record closes overnight on optimism that inflation is heading back in the right direction and that there will be two interest rate cuts by the U.S. Federal Reserve in 2024. Gold was little changed in Asian trading after climbing by 1 percent on...
The Switzerland market started off on a weak note Friday morning, but recovered swiftly and then kept moving higher and higher as the day progressed to eventually close on a strong note. Rising hopes of an interest rate cut by the Federal Reserve in September, and some fairly encouraging earnings updates aided sentiment. The benchmark...
US spot Bitcoin ETFs saw a net inflow of $217 million on May 6th, according to data from SoSoValue. This surge comes after a period of massive outflows, with Grayscale’s GBTC trust still experiencing a historical net outflow of $17.4 billion since its inception. GBTC Sees Inflows on Second Consecutive Day Grayscale’s GBTC did manage...
Financial services firm Morgan Stanley (MS) reported Tuesday that net income applicable to the company\'s shareholders for the second quarter decreased 10 percent to $2.94 billion or $1.82 per share from $2.05 billion or $1.24 per share in the year-ago quarter. On average, 16 analysts polled by Thomson Reuters expected the company to report earnings...
Eurozone inflation fell below the 2 percent target for the first time in more than three years in September, signaling faster interest rate cuts from the European Central Bank. The harmonized index of consumer prices posted an annual increase of 1.8 percent compared to a 2.2 percent rise in August, flash data from Eurostat showed...
JAKARTA. The Indonesian government will once again hold another auction of Government Securities (lit. Surat Utang Negara/SUN) yesterday (1/10), with an indicative target of IDR 22 trillion. Said auction is intended to meet some of the financing target set in the 2024 State Budget, as stated by the Directorate-General of Budget Financing and Risk Management...
The Hong Kong stock market has moved higher in consecutive trading days, advancing more than 50 points or 0.3 percent along the way. The Hang Seng Index now rests just beneath the 17,780-point plateau although it\'s likely to turn lower again on Friday. The global forecast for the Asian markets is weak, with continued selling...
Bitcoin has the potential to reach $1 million by 2033, with a projected cycle-high of $200,000 by 2025, according to analysts at Bernstein. The prediction comes as Bernstein initiated coverage of MicroStrategy, a software developer and the largest corporate holder of Bitcoin. The research report assigned an outperform rating to MicroStrategy, which currently possesses 1.1%...
The largest Bitcoin miners have published their monthly performance figures for the first time since the Bitcoin network’s fourth halving event last month. The TLDR is that the impact of the halving on the mining industry has been small thus far but still noticeable. Here’s everything you need to know. Bitcoin Miners Still Performing Post-Halving...
European stocks are seen opening flat to slightly higher on Wednesday, tracking muted cues from global markets. All eyes remain on AI darling Nvidia, which will release its fiscal second quarter results after the close of U.S. trading later in the day. The highly anticipated earnings report will provide a key test for the AI...