Category: market
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Crypto Market Maker Wintermute Enters Hong Kong Bitcoin ETFs Market
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In a strategic move to capitalize on the rapidly evolving cryptocurrency landscape, global algorithmic market maker Wintermute has announced its plans to provide liquidity services for Hong Kong Bitcoin ETFs and Ethereum ETFs. This expansion into the Asian market comes as Wintermute seeks to strengthen its foothold in the region,…
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DOGE, SOL, AVAX Keep Plummeting as BTC Slumps Toward $62K (Market Watch)
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Bitcoin’s positive price movements at the start of the business week were short-lived as the asset has lost over $3,000 since then and is now struggling to stay above $62,000. Altcoins are not in better shape, with DOGE, SOL, and AVAX down 5% or more in the past 24 hours.…
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Daily Broad Market Recap – May 7, 2024
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The absence of new major market themes encouraged the asset’s price action on Tuesday. What major assets saw volatility and how did the US dollar trade on a data-light trading day? Titles: The Reserve Bank of Australia kept interest rates unchanged At 4.35%, he noted that the interest rate path…
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Stocks are primed to tumble into a bear market as bullish investors have driven equities to 1929 extremes, famed fund manager says
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A trader works on the floor at the New York Stock Exchange in New York City, US, March 5, 2020.Andrew Kelly – Reuters The stock market looks poised to fall from its highs, said legendary investor John Housman. The stock market reflects the volatility that preceded the 1929 crash, Housman…
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Daily Broad Market Recap – May 6, 2024
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Major financial assets started the week quietly as the lack of market drivers gave traders room to prepare for potential catalysts this week. How did your favorite assets perform yesterday? Titles: Caixin China Public Service PMI For April: 52.5 vs. 52.7 previously; Price indices rose. Composite PMI improved from 52.7…
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Coutts Shifts £2 Billion from UK Stocks to Overseas Funds, Sparking Concerns Amidst Market Uncertainty
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Coutts Bank, the royal family’s favorite bank, has sparked controversy by diverting nearly £2 billion of client money from the London stock market to invest in overseas projects. The move by the private bank, which serves tens of thousands of wealthy clients, involves reducing allocations to UK stocks in six…
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Stock market today: Asian shares track Wall St’s advance fueled by cooler jobs data
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Breadcrumb links BMN Business Article writer: Associated Press Zimo Zhong Published on May 6, 2024 • 2 min read You can save this article by registering for free here. Or log in if you have an account. Article content Most Asian stocks rose on Monday after Wall Street ended last…
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Rita Kavashe: Isuzu East Africa Managing Director on the growth of the vehicle leasing market
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Isuzu East Africa has seen a growing preference for leasing cars rather than buying. the The daily business I spoke to Isuzu Managing Director, Rita Kavashi, about what is driving this and what the market looks like against the backdrop of a weak shilling and rising interest rates. Car rental…
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Weekly Market Outlook (06-10 May)
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Upcoming events: Monday: China Caixin Services PMI, Eurozone Producer Price Index, Fed SLOOS. Tuesday: Reserve Bank of Australia policy decision, unemployment rate in Switzerland, retail sales in the Eurozone. Thursday: Average cash earnings in Japan, BoJ sentiment summary, Bank of England policy decision, US unemployment claims. Friday: New Zealand Manufacturing…
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Wall Street dissects Cisco’s market dynamics By Investing.com
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In the dynamic and competitive landscape of the networking industry, Cisco Systems, Inc. continues to… (NASDAQ:) tops analyst discussions. The company, a leading IT and communications equipment company, has been navigating through strategic acquisitions and market shifts shaping its trajectory. Through a series of recent analyzes conducted by prominent financial…
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Can Pfizer Challenge Lilly and Novo Nordisk in the Obesity Market?
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Weight loss translates into profits for investors. Just look at Eli Lilly And Novo Nordisk. Both stocks have risen dramatically thanks in large part to their obesity drugs, with Lilly’s stock more than quadrupling and Novo’s stock more than tripling over the past three years. while, Pfizer’s (NYSE: PFE) Fortunes…
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Swiss Exchange SIX Partners with Dubai Financial Market for Dual Listings
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From here the stent trade industry begins Finance Magnates Podcast From here the stent trade industry begins Finance Magnates Podcast From here the stent trade industry begins Finance Magnates Podcast From here the stent trade industry begins Finance Magnates Podcast From here the stent trade industry begins Finance Magnates Podcast…
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Arthur Hayes foresees market bottom, predicts gradual uptrend
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Bitcoin billionaire and former BitMEX CEO Arthur Hayes shared a mix of cautious optimism and strategic moves for Bitcoin following the weekly decline. Hayes’ insights are evident as weekly red candles appear on multiple cryptocurrency charts. These candles reflect the market decline earlier this week, which is thought to be…
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April US jobs report shows looser labor market, good news for Fed By Reuters
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(Reuters) – U.S. job growth slowed more than expected in April and annual wage gains slowed, signs of a more resilient labor market that are good news for markets and the Federal Reserve, which will likely require more of these signals before shifting from higher policy to higher policy. Longer…
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Solana Memecoin Rose Upto $328 T In Market Cap Only To Fall Back To Zero.
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The latest saga has rocked the solana memecoin cryptocurrency world, which has always been a hotbed of speculation, hype and the occasional scam. This article explores the dramatic and disturbing journey of the memecoin on the Solana blockchain which astonishingly reached a market cap of $328 trillion, only to be…
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Kraken’s CF Benchmarks hits 50% dominance on crypto ETF market
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Kraken’s CF Benchmarks achieve dominance in the cryptocurrency ETF market with $24 billion worth of benchmark data, and are poised to expand amid an unprecedented surge in demand. CF Benchmarks, a subsidiary of cryptocurrency exchange Kraken, is making big gains from this year’s rise in bitcoin exchange-traded funds (ETFs). The…
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It’s going to a be a dull market until the US NFP and ISM Services PMI
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There is no market moving data in the European session (unless we get a big jump in the Eurozone unemployment rate). For this reason, we will likely see range-bound price action heading into the US NFP and ISM Services PMI release. So, in the big picture, nothing has changed We…
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Stock market today: Asian shares advance ahead of US jobs report
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Breadcrumb links BMN Business Article writer: Associated Press Eileen Kurtenbach Published on May 3, 2024 • 3 minute read You can save this article by registering for free here. Or log in if you have an account. Article content Most Asian stocks rose on Friday ahead of a report on…
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Daily Broad Market Recap – May 2, 2024
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The US dollar continued to lose points against its major counterparts, as more traders digested the less-tight-than-expected monetary policy decision by the Federal Reserve. Other major financial assets and their dollar counterparts were more variable as they reacted to the dollar’s trends and individual drivers. This is what you missed…
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Weak diesel market adds to concerns about global oil demand (NYSEARCA:USO)
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Slavko Sereda/iStock via Getty Images Crude oil futures ended little changed on Thursday, as a surprisingly large build in US inventories that raised concerns about demand and a potential ceasefire in the Middle East hampered any potential recovery from yesterday’s sharp losses. Dip in Global demand for diesel is also…