Bitcoin rose on Thursday, clawing back a sliver of this week’s heavy losses as dip-buyers tested support after the market slid into bear-market territory. The largest cryptocurrency gained 1.7% to $103,744 by 23:35 ET (04:35 GMT), after briefly sinking below $100,000 earlier in the week—its weakest level since mid-June and …
Read More »UK construction slumps to five-year low as pre-Budget uncertainty bites
Britain’s construction industry shrank at the fastest pace in more than five years in October, with civil engineering suffering its steepest drop since the pandemic as weak demand and uncertainty ahead of Chancellor Rachel Reeves’ upcoming Budget weighed on activity. The S&P Global UK Construction PMI fell to 44.1 from …
Read More »Gold holds near $4,000 as dollar softens; shutdown uncertainty tempers Fed-cut hopes
Gold steadied in Asian trading on Thursday, consolidating the prior day’s jump as a softer U.S. dollar and lingering uncertainty from the prolonged U.S. government shutdown underpinned haven demand. Spot bullion edged up 0.2% to $3,988.79/oz by 00:37 ET (05:37 GMT), while U.S. gold futures ticked 0.1% higher to $3,995.70. …
Read More »Asia stocks rebound as tech jitters ease; Japan, China lead gains and Australia’s exports surprise
Asian equities snapped back on Thursday, recovering part of the prior session’s slide as anxiety over stretched technology valuations abated and a solid trade print from Australia steadied sentiment. Gains in Japan and China set the tone, while U.S. equity futures held broadly steady following an overnight bounce on Wall …
Read More »U.S. private payrolls beat expectations in October, complicating the Fed’s near-term calculus
U.S. private-sector employment rose by 42,000 in October, according to ADP, topping the 25,000 increase economists expected and offering a modest counterweight to worries about cooling labor demand. While hardly a hiring surge, the upside surprise nudges the narrative away from an imminent growth scare and underscores that job creation—though …
Read More »U.S. Futures Mixed as Tech Slide Deepens; ADP Jobs Data Looms
U.S. stock futures were uneven Wednesday, with tech under pressure as investors questioned whether premium valuations can hold without stronger earnings. By 05:55 ET (10:55 GMT), Dow futures +28 pts (+0.1%), S&P 500 futures −18 pts (−0.3%), Nasdaq 100 futures −120 pts (−0.5%). The cash market fell sharply Tuesday: S&P …
Read More »Gold rebounds as risk-off mood revives haven bids; eyes on ADP for Fed clues
Gold clawed back ground in Asian trading on Wednesday, snapping part of the prior session’s slide as a global risk-off tone funneled investors into traditional safety plays ahead of key U.S. labor data. Spot bullion rose 0.9% to $3,966.56/oz by 00:47 ET (05:47 GMT), while U.S. gold futures edged 0.3% …
Read More »Europe stocks drop as global tech rout deepens; earnings deluge and mixed data keep mood cautious
European equities fell on Wednesday, extending a global selloff that gathered pace across U.S. and Asian markets as investors questioned whether artificial-intelligence winners and mega-cap tech shares can sustain premium valuations. By 08:15 GMT, Germany’s DAX was down 0.6%, France’s CAC 40 slipped 0.4% and the U.K.’s FTSE 100 declined …
Read More »Bitcoin slides into bear market as risk-off wave hits crypto; $1.3bn liquidations amplify selloff
Bitcoin tumbled on Wednesday, briefly piercing the psychologically significant $100,000 level as a broader de-risking across global markets spilled into digital assets. The largest cryptocurrency last traded 4.7% lower at $101,718 by 23:32 ET (04:32 GMT), after touching an intraday trough of $99,010—its weakest since mid-June. With the decline extending …
Read More »Dollar demand hits highest since mid-2024 as asset managers buy EM-linked greenback; euro supply builds
The U.S. dollar drew its strongest investor demand since June 2024 over the past month, Bank of America said, as large asset managers ramped up purchases—particularly against emerging-market currencies—and helped tip the flow picture decisively in the greenback’s favor. BofA’s client flow data show asset managers posted their largest dollar …
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