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Asia-Pacific higher after softer-than-expected US jobs data
Major Asia-Pacific stock markets traded higher Monday after a softer-than-expected US jobs report. While Japan and South Korea’s markets remained closed due to a public holiday, other regional indexes saw an uptick in activity, betting that the US Federal Reserve will try to cut interest rates this year. Elsewhere, S&P Global stated that Caixin China’s […]
Cryptos keep surging, Bitcoin reaches $64,000
The world’s largest cryptocurrencies, Bitcoin and Ethereum continued regaining ground on Saturday, with the first one passing the $64,000 mark. Cryptos appeared to be recovering from a bit of a down period in which the value of Bitcoin fell to $57,000 after April’s total nonfarm payroll employment in the United States showed a 175,000 increase […]
Europe opens higher with economic data, Xi Jinping in focus
European stock markets opened higher on Monday, buoyed by investor optimism following signals that the European Central Bank (ECB) could potentially cut interest rates as soon as June. The day will bring the latest batch of PMI data from the region, while the British and Irish indices will not trade due to a public holiday. […]
Asia trades higher after Wall Street surge
Asian stock markets traded higher on Friday after Wall Street ended its session with strong gains. The earnings season continued, with Apple’s revenue beating estimates despite a 4% annual drop. The markets in Japan and mainland China are closed today for public holidays. The Kospi Composite was up by just 0.08% at 4:08 am CET, the Hang Seng […]
Metals rise, gold jumps 1%
The prices of precious metals grew on Wednesday with gold soaring 1% amid the latest economic prints. Data showed that manufacturing activity in the United States slowed, while construction spending fell 0.2%. Meanwhile, job openings stood at 8.5 million, coming in somewhat lower than analysts expected. All eyes are currently on the Federal Reserve, as investors are awaiting its latest monetary policy […]
Silver sheds 1.8%, gold down 1% after Fed call
The prices of white and yellow metal retreated on Thursday following the Federal Reserve’s two-day policy meeting during which the officials decided to keep interest rates steady at 5.25% and 5.50%. Fed Chair Jerome Powell underlined that “further progress on inflation is not assured,” stressing that the central bank will not ease its policy until officials have greater confidence […]
Oil prices fall 1% amid Israel-Hamas peace talks
Prices of crude oil for front-month contracts decreased on Monday amid the ongoing Israeli-Hamas negotiations that could de-escalate the crisis in the Middle East by potentially securing a temporary ceasefire in the Gaza Strip and the release of hostages held by the militant group in the enclave. European Union High Representative for Foreign Affairs and Security Policy […]
Platinum surges 3.5%, palladium jumps 1.9%
The price of platinum and palladium climbed on Monday as the American dollar weakened against a basket of currencies, including the yen after an apparent intervention by the Japanese authorities, seemingly raising the commodities demand in other currencies ahead of key economic data releases in the United States later this week coupled with the Federal Reserve policy meeting. The price […]
Coinbase enables fast Bitcoin transfers with Lightning Network
Coinbase Global announced on Tuesday that it will now allow users to opt for faster, low-cost Bitcoin transfers with the integration of Lightning Network in partnership with Lightspark. “Until now, bitcoin transfers on Coinbase were processed onchain which could take anywhere from 10 minutes to 2 hours and could be costly for users. The Lightning […]
Wells Fargo approves common stock dividend of $0.35 apiece
Wells Fargo & Company shared on Tuesday that the bank’s board of directors authorized a quarterly common stock dividend of $0.35 per share. The dividend will be paid on June 1, 2024, to shareholders of record as of May 10, 2024, the bank stated. The company’s stock traded 0.32% lower at 3:15 am ET, selling […]
