Economic Report

Bitcoin slumped nearly 8% on Thursday, falling toward the $70,000 level as thinning liquidity and a sharp sell-off in global technology stocks renewed pressure on risk assets. The world’s largest cryptocurrency was last down 7.6% at $70,427.1 by 00:28 ET, hovering near its lowest levels since early November 2024 after …

U.S. President Donald Trump said on Wednesday that he held a “long and thorough” phone call with Chinese President Xi Jinping, covering a broad range of geopolitical and economic issues ahead of Trump’s planned visit to China in April. Trump said the discussion touched on Iran, Russia’s war in Ukraine, …

Gold prices reversed earlier gains and moved lower in Asian trading on Thursday, while silver plunged sharply, erasing much of its brief rebound earlier this week as renewed pressure returned to metal markets. Spot gold slipped 1.3% to $4,899.18 an ounce by early Asian hours, while April gold futures fell …

Bitcoin has tumbled nearly 40% from its October peak, while Ethereum has lost half its value over the past six months. Traders and investors are facing steep losses as markets unwind sharply, wiping billions off cryptocurrency valuations.Not a Simple PullbackThis crash isn’t a routine market correction. What we’re seeing is …

Relief Rally That Never Showed Up: Risk sentiment initially improved after the partial US government shutdown was resolved, following President Trump’s approval of a funding deal that keeps the Department of Homeland Security financed through February 13, while other federal agencies are funded through the end of the fiscal year …

Modest Retreat After Recent Rally Gold fell nearly 1% midweek, retreating from multi-day highs as the US dollar strengthened and global geopolitical tensions eased. The yellow metal, a traditional safe-haven, came under pressure as investors digested a mix of US economic signals and signs of international calm. The move highlights …

Interest Rates To Stay On Hold As Bank Adopts Cautious Stance: The European Central Bank (ECB) convenes on February 5 for its first monetary policy meeting of 2026, with expectations overwhelmingly pointing to unchanged interest rates. The deposit facility is anticipated to remain at 2.00%, the main refinancing rate at …

Sterling Consolidates Below 1.3700 Ahead of BoE DecisionThe British pound slipped against the US dollar on Wednesday, trading below the 1.3700 mark with losses of around 0.23%, as markets braced for the Bank of England’s monetary policy announcement. The dip comes amid mixed investor sentiment, with a modestly supported dollar …

U.S. private-sector hiring disappointed in the latest ADP National Employment Report, signaling a notable loss of momentum in the labor market ahead of this week’s key government jobs data. According to ADP, private employers added just 22,000 jobs, well below market expectations of 46,000, and down sharply from the previous …

U.S. stock index futures ticked higher on Wednesday as investors braced for another wave of major corporate earnings, following a sharp pullback in technology and AI-related shares. By 05:55 ET (10:55 GMT), Dow Jones futures were up 150 points, or 0.3%, while S&P 500 futures gained 0.1%. Nasdaq 100 futures …