Bitcoin rose on Thursday, extending a recent recovery as markets digested developments around a proposed U.S. bill aimed at establishing a regulatory framework for cryptocurrency. The world’s largest crypto rebounded from a sluggish start to the year after top corporate holder Strategy disclosed a major purchase this week. Still, Bitcoin …
Read More »Dollar Extends Recovery as Rate Cuts Fade Further Into the Distance
The U.S. dollar edged higher on Thursday, continuing its rebound from a shaky start to the week as expectations for near-term Federal Reserve rate cuts continued to fade. At 03:00 ET (08:00 GMT), the Dollar Index, which tracks the greenback against a basket of six major currencies, rose 0.1% to …
Read More »Spain Inflation Cools in December, Harmonised Rate Falls to 3.0%
Spain’s European Union-harmonised 12-month inflation rate eased to 3.0% in December, down from 3.2% in November, according to final data released Thursday by the National Statistics Institute (INE). The reading matched both the preliminary “flash” estimate published two weeks ago and the average forecast from analysts polled by Reuters. Core …
Read More »U.K. Economy Returns to Growth in November, but Outlook Remains Fragile
The U.K. economy returned to growth in November after a disappointing start to the fourth quarter, although the country’s economic prospects remain uncertain. Data from the Office for National Statistics showed that gross domestic product grew by 0.3% on the month, after contracting by 0.1% in October. On an annual …
Read More »Oil Prices Ease After Surge as Traders Weigh Iran Risks Against U.S. Stockpiles
Oil prices edged lower in Asian trading on Wednesday after the previous session’s sharp rally driven by fears of supply disruptions in Iran, as investors turned their attention to data showing a sizeable build in U.S. crude inventories. Brent futures for March slipped 0.4% to $65.19 a barrel by 01:18 …
Read More »U.S. Retail Sales Beat Expectations, Signaling Resilient Consumer Demand
U.S. retail sales grew more than expected in November, rebounding from a contraction in the previous month and pointing to continued resilience in consumer spending heading into the final stretch of 2025. Retail sales rose 0.6% on a month-on-month basis, exceeding expectations for a 0.5% increase, according to data released …
Read More »U.S. Futures Slip as Investors Eye Bank Earnings and Producer Inflation Data
U.S. stock index futures traded lower on Wednesday as investors prepared for another wave of earnings from major Wall Street banks and awaited fresh inflation data that could influence expectations for Federal Reserve policy. By 05:40 ET, Dow Jones Futures had fallen 145 points, or 0.3%, S&P 500 Futures were …
Read More »Bitcoin Jumps as Strategy Makes $1.3 Billion Purchase, But U.S. Retail Demand Remains Weak
Bitcoin climbed sharply on Wednesday after major corporate holder Strategy announced a fresh multibillion dollar purchase of the cryptocurrency. Gains were partly capped, however, as data pointed to continued weakness in U.S. retail demand. The world’s largest cryptocurrency rose 3.4% to $95,001.9 by 01:01 ET, after touching a near two …
Read More »Dollar Holds Steady Ahead of U.S. Data as Yen Slides to 18-Month Low
The U.S. dollar steadied in European trade on Wednesday as investors awaited another round of key inflation data, while the Japanese yen sank to its weakest level in a year and a half on mounting political and fiscal concerns. At 09:30 GMT, the Dollar Index, which measures the greenback against …
Read More »Oil Prices Ease After Surge as Traders Weigh Iran Risks Against U.S. Stockpiles
Oil prices edged lower in Asian trading on Wednesday after the previous session’s sharp rally driven by fears of supply disruptions in Iran, as investors turned their attention to data showing a sizeable build in U.S. crude inventories. Brent futures for March slipped 0.4% to $65.19 a barrel by 01:18 …
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