European stocks rose for an eighth consecutive session on Monday, with China-related miners, luxury goods makers and automotive companies leading the surge. A measure of Chinas consumer inflation unexpectedly decelerated in November and factory deflation eased, raising hopes for more proactive fiscal and monetary policies next year to boost domestic consumption. The Politburo, a top...
Indian shares ended slightly lower on Monday as heightened geopolitical tensions in the Middle East offset bets of a Federal Reserve rate cut later this month. Also helping cap the downside, Chinas top leaders have pledged to loosen monetary policy and provide more support for the slowing economy. In geopolitical news, the anti-government rebels on...
Eurozone investor confidence deteriorated in December as the weakness of the German economy together with the political crisis in France dragged down the EU economy, results of the Sentix survey showed Monday. The Sentix investor confidence index for Eurozone fell to -17.5 from -12.8 in November, the behavioral research think tank said. This was the...
Canadian shares may open higher on Monday with energy and materials stocks attracting buyers thanks to firm crude oil and bullion prices. The mood is likely to remain cautious with investors looking ahead the Bank of Canadas interest rate decision, and U.S. consumer and producer price inflation data, due later in the week. Swedish miner...
The Indian government on Monday named a top bureaucrat Sanjay Malhotra as the new governor of the Reserve Bank of India. Malhotra, who is currently the revenue secretary in the Ministry of Finance, will take charge from December 11 for a period of three years. He will succeed Shaktikanta Das who has held the post...
The Canadian market hit a new record high in early trades on Monday, but soon slipped and fell into negative territory and stayed weak right till the end of the session as investors stayed cautious, looking ahead to the Bank of Canadas policy announcement and a slew of crucial economic data from the U.S. The...
The Reserve Bank of Australia will wrap up its monetary policy meeting on Tuesday and then announce its decision on interest rates, highlighting a modest day for Asia-Pacific economic activity. The RBA is expected to keep its benchmark lending rate steady at 4.35 percent. Australia also will see November results for the surveys of business...
The approval of XRP ETFs may be on the horizon in 2025, driven by Donald Trump’s pro-crypto administration.Analysts suggest that while Bitcoin and Ethereum ETFs currently dominate the market, there is a burgeoning demand for ETFs linked to other cryptocurrencies like XRP. 2024 proved to be a significant year for the cryptocurrency market, particularly for...
Senator Cynthia Lummis hints that Trump’s executive order on a U.S. sovereign wealth fund could signal government Bitcoin acquisitions.Wyoming Senator Lummis calls Trump’s latest EO a ‘big deal’ for Bitcoin, sparking speculation on U.S. BTC reserves and investment. President Donald Trump’s new executive order (EO) establishing a U.S. sovereign wealth fund has ignited discussions about...
FTX will begin repayments on February 18, prioritizing Bahamas-based creditors with verified BitGo accounts.Settling FTX debts may stabilize affected crypto assets like FTT, SOL, and BTC. Following CNF’s recent update on the FTX repayment schedule, which outlines a $16 billion distribution starting in January 2025, FTX is now taking its first major step toward repaying...