Dollar stabilizes as markets pay attention to US-China trade issues and political matters
SINGAPORE (Reuters) Political shifts in France and Japan have negatively impacted both the euro and yen, while the dollar has bounced back from its earlier losses as investors express hope that the U.S. might mitigate the recent escalation in its trade conflict with China. The dollar index, which tracks the dollar’s performance against a selection […]
Is the G7’s Stablecoins Proposal Actually Positive for Crypto Markets?
Major Banks Explore G7-Backed Stablecoins Ten major banks, including Citi, Deutsche Bank, UBS, Barclays, MUFG, Santander, and Bank of America, are looking into launching stablecoins linked to prominent G7 currencies. This initiative seeks to establish a network of digital tokens that are backed one-to-one by traditional currencies like the US dollar, euro, pound, and yen. […]
Daly Cautions That the US Job Market’s Weakening May Soon Become a Greater Concern
San Francisco Fed President’s Concerns on Job Market and Interest Rates Mary Daly, the President of the San Francisco Federal Reserve, expressed on Thursday that the weakening U.S. job market could become increasingly alarming if the Fed fails to effectively manage associated risks. Her remarks followed the Fed’s first interest rate cut of the year […]
Increase in retirement funds may lead to daily pricing in private markets, according to Mogelof.
Retail Funds Impact Asset Valuations NEW YORK, Oct 9 – An influx of retail funds into the market is expected to lead asset managers to reevaluate their portfolios more frequently, according to KKR. The head of client services pointed out that portfolio valuations for private market companies have faced increasing scrutiny over the past year. […]
Markets focus on Powell and the potential US shutdown today
The US dollar (USD) has reached a two-month high, fueled by worries about a potential government shutdown and a prevailing risk-averse sentiment in the foreign exchange markets. Additionally, the minutes from the FOMC indicated that more interest rate cuts could be on the horizon, though the overall tone was quite cautious. Highlights on Thursday, October […]
ETFs attract billions in new investments again as markets reach all-time highs
Investors Pour Record Funds into ETFs This year, investors have funneled over $900 billion into US exchange-traded funds (ETFs). It’s quite a significant amount and highlights a growing trend. Washington seems keen to keep this flow going, which is interesting. As of September 29, total inflows into US-listed ETFs reached $917 billion, according to Factset. […]
Crypto Markets Today: Bitcoin Surpasses $119K as Altcoins Rally, Traders Anticipate New Highs
Crypto traders were in high spirits on Thursday morning as Bitcoin soared past $119,000, aiming for a new all-time high. Meanwhile, the Altcoin market also experienced a surge. Tokens like XMR and APT showed significant gains, with prices reaching about $332.94 and $4.97, respectively. The movement fueled by a 58% increase brought ZEC to $129.20, […]
Uber Eats to explore drone food delivery in US markets this year
Uber Eats is gearing up to innovate dinner deliveries by teaming up with drone delivery startup FlyTrex. This partnership will kick off testing within the United States by the year’s end. While Uber hasn’t specified the first city for this launch, FlyTrex already operates in Texas and North Carolina, so those areas might be among […]
Gold Price Outlook: XAU/USD reaches new highs around $3,900 amid cautious markets
Gold is making a comeback, recently nearing record highs, just shy of the $3,900 mark. The ongoing US government shutdown and unsettling labor statistics have weakened the US dollar and increased interest in safe-haven assets like gold. A technical analysis indicates bearish divergence on the 4-hour chart for gold. In the wake of the US […]
Asian stocks show mixed results as markets disregard the possibility of a US government shutdown.
Mixed Stock Performance in Asia Amid Holidays and Economic Concerns On Wednesday, stocks in Asia showed a mixed performance, coinciding with the closure of Chinese markets for a week-long holiday. There are growing concerns regarding a potential US government shutdown. In Japan, the Nikkei 225 Index climbed 1.2%, reaching 44,411.26, largely due to slightly improved […]