Bitcoin fell again on Monday, extending a prolonged downturn after cryptocurrency markets recorded four consecutive weeks of heavy losses, as uncertainty over U.S. interest rates continued to sap appetite for speculative assets. The world’s largest cryptocurrency retreated after briefly climbing toward the $70,000 level over the weekend. Bitcoin was last …
Read More »Gold Slips Below Key Levels, Silver Extends Losses as Rate Uncertainty Fuels Volatility
Gold prices fell below key technical levels in Asian trade on Monday, while silver posted sharper losses, as investors remained cautious amid lingering uncertainty over the U.S. interest rate outlook following mixed inflation data. Precious metal markets continued to experience heightened volatility after a period of sharp swings over the …
Read More »U.S. Inflation Cools Faster Than Expected in January, Strengthening Case for Fed Easing Later in Year
U.S. consumer price growth slowed more than expected in January, moving closer to the Federal Reserve’s 2% inflation target and offering policymakers fresh evidence that price pressures are easing, helped in part by lower energy costs. Data released on Friday showed headline consumer prices rose 2.4% year-on-year in January, below …
Read More »U.S. Futures Ease as Tech Rout Lingers and Inflation Data Takes Center Stage
U.S. stock index futures edged slightly lower on Friday, as investors remained cautious following a sharp selloff in technology stocks in the previous session and ahead of a closely watched U.S. inflation report later in the day. By 05:35 ET (10:35 GMT), Dow Jones futures were down 95 points, or …
Read More »Bitcoin Drifts Near $66,000, Set for Fourth Weekly Loss as Risk Aversion Builds Ahead of U.S. Inflation Data
Bitcoin traded near the $66,000 level on Friday, extending a period of subdued price action and heading toward a fourth consecutive weekly decline, as investors remained cautious amid broad weakness across global risk assets and ahead of key U.S. inflation data later in the day. The world’s largest cryptocurrency was …
Read More »European Stocks Mixed as Wall Street Tech Rout Weighs Ahead of Key Growth Data
European equities traded mixed on Friday, as investors balanced a fresh round of corporate earnings against a sharp overnight selloff in U.S. technology shares, while awaiting key regional growth data for further direction. By 03:05 ET (08:05 GMT), Germany’s DAX edged up 0.2% and the U.K.’s FTSE 100 gained 0.4%, …
Read More »Gold Rebounds in Asia as Middle East Tensions Offset Rate Uncertainty Ahead of U.S. Inflation Data
Gold prices edged higher in Asian trading on Friday, recovering some ground after a sharp sell-off in the previous session, as investors weighed renewed geopolitical risks in the Middle East against lingering uncertainty over the future path of U.S. interest rates. Spot gold rose 0.5% to $4,953.58 an ounce by …
Read More »Asian Stocks Advance as South Korea Hits Record High on AI Chip Rally, Japan Pauses Near Peak
Most Asian stock markets edged higher on Thursday, led by a sharp rally in South Korea where shares surged to record highs on strong gains in chipmakers. Japanese equities, meanwhile, traded flat after touching a fresh all-time peak above the 58,000 mark, as optimism surrounding the so-called “Takaichi trade” began …
Read More »U.S. Jobless Claims Dip Modestly, Reinforcing Signs of a Stabilizing Labor Market
The number of Americans filing new applications for unemployment benefits fell slightly last week, offering further evidence that the U.S. labor market is stabilizing after a period of softness, though some underlying weakness remains. Initial claims for state unemployment benefits declined by 5,000 to a seasonally adjusted 227,000 in the …
Read More »U.S. Stock Futures Rebound as Investors Turn to Earnings and Inflation Data
U.S. stock futures moved higher on Thursday, rebounding from the previous session’s pullback as investors refocused on a fresh round of corporate earnings and awaited key inflation data that could shape expectations for Federal Reserve policy. By 05:50 ET (10:50 GMT), Dow Jones futures were up 155 points, or 0.3%, …
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