Asian stocks declined on Friday as traders priced in less monetary-policy easing by the Federal Reserve this year and waited for the U.S. earnings season to kick off with large-cap banking names. Higher Treasury yields underpinned the dollar and oil resumed gains while gold surged to $2,400 per ounce as Israel prepared for a strike...
German stocks rallied on Friday, a day after the European Central Bank opened the door to a rate cut in June. Meanwhile, German consumer price inflation eased to the lowest level in nearly three years, as initially estimated in March amid lower costs for food and energy, final data from Destatis revealed earlier today. Consumer...
French stocks traded sharply higher on Friday after a European Central Bank (ECB) poll of professional forecasters showed that inflation in the euro zone will fall to 2 percent in 2025 and stay there in the longer term, giving the clearest indication that the ECB could cut interest rates in June. Meanwhile, France\'s consumer price...
U.K. stocks were sharply higher on Friday as higher commodity prices lifted mining and energy stocks. In economic releases, the U.K. economy posted a meagre growth in February, the Office for National Statistics reported earlier today. Real gross domestic product edged up 0.1 percent on a monthly basis in February, following a revised 0.3 percent...
Singapore central bank left its monetary policy stance unchanged as core inflation is projected to stay elevated in the immediate quarters ahead, while the economy logged a weaker-than-expected growth on softer manufacturing and construction activity. The Monetary Authority of Singapore decided to retain the prevailing rate of appreciation of the S$NEER policy band. There will...
European stocks rallied on Friday after a European Central Bank (ECB) poll of professional forecasters showed that inflation in the euro zone will fall to 2 percent in 2025 and stay there in the longer term, giving the clearest indication that the ECB could cut interest rates in June. In-line regional inflation and GDP data...
The UK’s Competition and Markets Authority (CMA), led by Sarah Cardell, has voiced its displeasure with the control of AI Foundation Models (FMs) by a small number of tech companies. This concern was outlined in a paper presented by Cardell during an Antitrust Law Spring Meeting in Washington on April 11. UK Competition and Markets...
Craig Wright, the Australian computer scientist claiming to be Bitcoin’s creator Satoshi Nakamoto, has dropped his appeal in a Norwegian defamation case against the well-known Bitcoiner Hodlonaut (a.k.a. Marcus Granath), according to a statement released on X Thursday. Marcus Granath Celebrates As Norway Appeal Is Dropped Granath first found himself in legal hot water with...
Mayor of London candidate Brian Rose announced plans on Wednesday to give city residents £100 worth of a new crypto token if elected as part of his plans to make the capital a “crypto-friendly city.” The token, aptly called $LONDON, would be funded by a 1% tax on traditional banks and could be used by...
Uniswap Labs, the creator of the Uniswap decentralized exchange (DEX) protocol and the issuer of the UNI token, was hit on Wednesday with a Wells notice by the US Securities and Exchange Commission (SEC), but vowed to fight back. A Wells notice is a notification from regulators to an individual or company that an investigation...