This weekend, cryptocurrencies dropped as investors reacted to a more cautious Federal Reserve, which indicated it might cut interest rates less than previously expected in 2025. Bitcoin fell about 4% to around $93,260, after reaching over $102,000 last Thursday. Other cryptocurrencies like Dogecoin and XRP also saw declines. The Market was surprised by the Fed’s ...
Bitcoin experienced a significant 15% drop in the third week of December, its largest since August. This decline is largely linked to unfavorable global economic trends, raising concerns about further price decreases. The global money supply has diminished by $4.1 trillion over the past two months, potentially signaling more downward pressure on Bitcoin. Historically, Bitcoin’s ...
The U.S. dollar is gaining strength ahead of important central bank meetings this week, approaching a three-week high against major currencies. Analysts expect the Federal Reserve to announce a quarter-point rate cut with a 97% likelihood during its upcoming meeting. This rise in the dollar comes despite recent economic indicators suggesting a shift in the ...
U.S. stock futures showed mixed signals on Friday as investors analyzed the final jobs report of the year, a key factor in determining potential interest rate cuts. The Dow and S&P 500 were up slightly, while the Nasdaq 100 gained about 0.2%. The U.S. economy added 227,000 jobs in November, exceeding expectations, although the unemployment ...
Bloomberg Television is set to deliver the latest news and analysis as we approach the Wall Street closing bell. Today's lineup features insights from industry experts including Veronica Clark from Citi, Joyce Chang from JPMorgan, and Alicia Reese from Wedbush. Joining them are Abigail Doolittle from Bloomberg News, William Gould from Charles A. Beardsley Professor, Andrew Ng from LandingAI, and Dan Ives from Wedbush. The discussion will also include Eli Yokley from Morning Consult, Poppy Macdonald from USAFacts, Mark Baldassare from the Public Policy Institute of California, Sheila Lirio Marcelo from Ohai.AI, and Mariam Naficy from Arcade. Stay tuned for their perspectives on the market as it wraps up for the day.
UBS Head of Credit Strategy Matthew Mish believes a red sweep in the upcoming elections would be beneficial for credit spreads, indicating a positive outlook overall. Meanwhile, CreditSights Global Head of Strategy Winnie Cisar advises investors to look beyond the election noise. They shared these insights during an interview with Sonali Basak on "Bloomberg Real Yield."
Bond investors are increasingly confident in a potential interest rate cut from the Federal Reserve next week. This comes in response to the latest US payrolls data, which showed weak but distorted figures. The data has led to speculation that the Fed may take action to support the economy.
Investors who have been hedging against a possible drop in US Treasuries are bracing for market volatility. This comes as they await the upcoming US employment report, influenced by hurricanes and strikes, which will provide crucial insights before next week’s Federal Reserve policy decision.
Gold prices rebounded after experiencing their largest one-day drop since July. Traders are closely monitoring the upcoming US jobs data while also considering potential market disruptions as the presidential election approaches.
Asian tech stocks have dropped, pulling down equity markets across the region. This trend is adding to the selling pressure on Wall Street, particularly affecting major Silicon Valley firms. Meanwhile, currency and bond markets remain steady as investors await US jobs data set to be released later today.
