CBDCs could shake up today's international payments systems, according to the World Bank, the IMF and the Bank for International Settlements.
Investors are expecting a strong reading of US jobs data on Friday, which could encourage the Fed to start winding down its support program.
A more-hawkish stance by the Federal Reserve has forced equity indexes off recent record highs and boosted the dollar.
Data on jobless claims, economic growth, and durable goods orders could move markets on Thursday.
Signs that the US recovery is slowing, the Fed's ultra-low interest rates, and rebounds in other countries are weighing on the dollar.
The dollar index fell 2.5% in April, the most since July 2020. Analysts pointed to a brighter global outlook and the Fed's low interest rates.
If bitcoin were to fail, it would disrupt the current "liquidity paradigm," Allianz's chief economic advisor said.
US bond yields dipped ahead of Fed Chair Jerome Powell and Treasury Secretary Janet Yellen's first joint testimony to the House.
The lira is tumbling, as well as domestic stocks and bonds, after the Turkish premier installed the third governor in two years.
With $1.9 trillion in stimulus now a certainty, risk assets such as stocks, emerging-market currencies, crude oil and copper rallied.
European stocks jumped and US futures rose, although US markets are closed. WTI oil rose past $US60 for the first time since January 2020 as demand bounces back. Bitcoin fell from a record high of close to $US50,000 after surging the previous week. Sign up here for our daily newsletter, […]
US stock futures suggested a third daily fall later today, after Wednesday’s sell-off. Short-term fears over the economy and vaccines have knocked market confidence. Some analysts said the GameStop saga had also shaken a few big investors. Sign up here for our daily newsletter, 10 Things Before the Opening Bell […]
Joe Biden has been sworn in as the 46th president and wasted no time in unveiling his spending plans. Stocks hit record highs thanks to the prospect of $US1.9 trillion in stimulus, but bitcoin has tumbled. Investors will get a first look at 4th quarter US GDP and the Federal […]
US stock futures pointed towards further all-time highs as tech came roaring back. Stocks rose sharply yesterday after Netflix’s earnings and Joe Biden was sworn in. The dollar fell further on Thursday as investors bought stocks amid stimulus optimism. Sign up here our daily newsletter, 10 Things Before the Opening […]
Bets against the dollar have risen to their highest level in close to a decade. The shorts against the dollar come despite the greenback rising around 0.6% this year. Analysts say Treasury yields have been the key driver and could cause dollar bears more pain. Signup here for our daily […]
As Insider earlier reported, Stefan Thomas had 7,002 bitcoins stored on a secure hard drive. The German programmer now says “time heals all wounds” and that he is at peace, reports KGO-TV. Thomas told previously told The New York Times he had been left questioning his self-worth. Visit Business Insider’s […]
Treasury prices fell and yields rose after a CNN report said Joe Biden could launch a stimulus package worth $US2 trillion, causing investors to brace for more bond issuance and higher inflation. US stocks were set for a mixed start as markets awaited the details of Biden’s plan and mulled […]