Canadian stocks are turning in a mixed performance on Tuesday with investors digesting a slew of earnings announcements, and making largely cautious moves. The benchmark S&P/TSX Composite Index is up 79.37 points or 0.36% at 22,338.84 a few minutes past noon. On the economic front, the Ivey Purchasing Managers Index in Canada surged to 63...
One in five voters in key states believe that cryptocurrencies are a critical issue in the 2024 US elections amidst Donald Trump and Joe Biden’s race for the presidency, according to Digital Currency Group (DCG) Tuesday report. “Crypto Attitudes in Swing States” report, released in collaboration with global consulting firm The Harris Poll, revealed that...
Bitcoin failed to continue its upward trend despite multiple supporting factors, such as a bearish US dollar and a dovish stance from the Federal Reserve. BTC lost some of its gains, dropping to around $63,400 and hitting an intraday low of $62,961. Although Bitcoin began the week on a bullish note after dipping to a...
European stocks closed notably higher on Tuesday, lifted by some strong earnings updates, encouraging economic data, and optimism about interest rate cuts by some major central banks in the second quarter of the year. The pan European Stoxx 600 climbed 1.14%. The U.K.\'s FTSE 100 gained 1.22%, Germany\'s DAX advanced 1.4% and France\'s CAC 40...
The German state-owned bank Kreditanstalt für Wiederaufbau (KfW) announced on May 6 that it will launch its first blockchain-based digital bonds. The move signifies a major step towards adopting blockchain technology within traditional financial institutions in Germany. The KfW bank official press release stated that the forthcoming blockchain-based digital bond would be issued as crypto...
The Canadian dollar declined against its most major counterparts in the New York session on Tuesday. The loonie touched 1.4774 against the euro, its lowest level since March 19. The loonie touched 1.3717 against the greenback, setting a 5-day low. The loonie eased to 0.9065 against the aussie, from an early 4-day high of 0.9016....
The notorious Poloniex hacker responsible for last year’s security breach on the cryptocurrency exchange is on the move again. The thief transferred 1,100 Ethereum (ETH), valued at $3.4 million, to the sanctioned crypto mixer Tornado Cash on May 7 in an effort to launder the stolen funds. Poloniex Hacker Transfers 11 Batches of 100 Ether...
The Switzerland market ended on a buoyant note on Tuesday, with strong results and optimism about interest rate cuts triggering sustained buying at several counters. The benchmark SMI, which kept moving higher after a firm start, ended with a gain of 183.31 points or 1.64% at 11,512.97, a few points off the day\'s high of...
The U.S. dollar climbed against its major counterparts in the New York session on Tuesday, as Minneapolis Federal Reserve Bank President Neel Kashkari remarked that the central bank is expected to maintain a tighter monetary policy for an extended period. Recent inflation data raise doubts about whether the disinflationary process is in fact still underway,...
The services sector in Japan continued to expand in April, and at a faster pace, the latest survey from Jibun Bank revealed on Tuesday with a services PMI score of 54.3. That\'s up from 54.1 in March, and it moves further above the boom-or-bust line of 50 that separates expansion from contraction. Total new work...