Higher Open Predicted For China Stock Market

The China stock market on Tuesday snapped the two-day winning streak in which it had advanced more than 40 points or 1.3 percent. The Shanghai Composite Index now rests just above the 3,055-point plateau although it may bounce higher again on Wednesday. The global forecast for the Asian markets is positive on optimism over the...

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CAC 40 Slides On Weak PMI Data

French stocks declined on Friday as a survey showed France\'s private sector contracted the most in four months in June on renewed decrease in new orders due to uncertainty caused by a snap election paralyses business investment. The headline HCOB flash composite output index fell unexpectedly to 48.2 in June from 48.9 in May, according...

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Injective Partners with DojoSwap to Launch CW-404 Standard, Inspired by ERC-404

On February 23, Injective Protocol announced a strategic partnership with DojoSwap to launch the CW-404 standard, a groundbreaking token standard inspired by ERC-404. This collaboration aims to foster innovation and interoperability within the decentralized finance (DeFi) ecosystem. ‘Semi-fungible’ Tokens Find A Place to Flourish Injective announced this update in a post on X (formerly Twitter),...

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U.S. Dollar Spikes Up After PCE Data

The U.S. dollar firmed against its major counterparts in the New York session on Friday, as a key inflation reading matched expectations, supporting expectations for a rate cut next month. Data from the Commerce Department showed that the personal consumption expenditures (PCE) price index rose by 0.2 percent in July after inching up by 0.1...

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Bank of America and Wells Fargo Now Offer Bitcoin ETF Access

Traditional banking giants Bank of America and Wells Fargo are offering eligible wealth management clients access to spot Bitcoin exchange-traded funds (ETFs). The ETFs have been available to clients for several weeks, a source familiar with Bank of America’s plans told Reuters.  The move follows the Securities and Exchange Commission’s (SEC) approval of these investment vehicles...

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