On Thursday, Stefan Berger, the leading lawmaker for the EU’s MiCA (Markets in Crypto Assets) law, said the text could be ready in six weeks. The MiCA law will change the crypto regulatory climate in Europe. Crypto Firms to Register with State Regulators On June 30th, governments and lawmakers reached an agreement on the outline […]
On Monday, there was a drop in European shares, with tech stocks leading declines, but hawkish comments from central bankers pushed up bond yields. This is because the comments fueled worries about the aggressive measures that the banks may take for curbing inflation, even though there is a risk of a recession. Rate hike possibilities […]
On Friday, there was a drop in UK stock indexes, which saw them record their biggest decline in a week since mid-June amidst mounting concerns about a cost of living crisis in the country. Furthermore, the speech of the chairman of the US central bank, Jerome Powell highlighted that there would be further interest rate […]
On Thursday’s trading session, the share prices for Tesla experienced a downtrend. The decline has been recorded just as Tesla made a debut on the NASDAQ stock exchange with a 3-for-1 stock split. Tesla Shares Experienced a Dip The share prices for Tesla moved downwards as the company launched its 3-for-1 stock split through the […]
On Thursday, European shares closed the day higher, as there was a rise in tech and oil stocks. But, gains were capped due to rising concerns about a potential economic recession brought on by an energy crisis. Stocks The continent-wide STOXX 600 index recorded gains of 0.3%. There was a 1.2% rise in energy shares […]
On Thursday, Asia-Pacific markets were trading mostly higher ahead of the economic symposium in Jackson Hole in the United States. A typhoon warning had seen trading in Hong Kong halted, but it resumed in afternoon trading. Markets trading higher There was a 3.63% gain recorded in the Hang Seng index in Hong Kong, as it […]
On Wednesday, European shares ended the day on gains, thanks to a rise in defensive stocks, even though the gains were kept in check by a gloomy growth outlook and a looming gas crisis. Index rises There was a 0.2% rise in the continent-wide STOXX 600 index, as it finally ended a losing streak of […]
On Tuesday, Asia-Pacific markets were trading lower, after the major indexes on Wall Street ended their worst day since June because of increasing rate hike worries. Asian markets lower The Hang Seng index in Hong Kong recorded a drop of 0.78% in the last hour of trading. There was a 0.404% drop in the Shenzhen […]
On Monday, the shares in the Asia-Pacific markets were trading mostly lower, as there was a re-emergence of concerns about the aggressive hikes from the US Fed. But, there was a rise in Chinese markets, after the country’s central bank reduced its benchmark lending rates. Asian markets The Hang Seng index in Hong Kong saw […]
After the trading bell on Thursday, there was a 35% drop in the shares of meme stock Bed Bath & Beyond, as billionaire investor Ryan Cohen decided to exit the struggling retailer of home goods. This month had seen meme stocks record a stunning rally, but the investor decided to sell his stake in Bed […]
It has been a while since the trading value of gold has not been performing well against the dollar. The dollar’s price seems to be gaining strength versus the yellow metal and the trend appears to be bearish. Gold’s Prolonged Bearish Trend Since the beginning of the running week, the value of gold has been […]
On Monday, UK’s FTSE 100’s index climbed, as drugmaker AstraZeneca recorded gains, as did consumer stocks. This relieved the pressure on the index from oil and mining heavyweights, after data showed that there was an unexpected slowdown in the Chinese economy last month. UK data There was a 0.2% gain in the blue-chip FTSE 100 […]
The recent data surrounding the GBP/USD pair shows that it has been trying hard to resist the downtrend. The data suggests that the pair has been facing a negative trend for the past few days. The downtrend continued for two days, but the buyers tried resisting it, and even the recent inaction was not able […]
For some time, the trading price of the EUR/USD pair had been rising significantly. The USD was not able to gain much momentum against the EUR. However, things have started to change for the pair, and the EUR has lost its strength against the USD. EUR/USD Pair is losing its Traction The price chart shows […]
On Tuesday, the trading price of the Philippine peso fell tremendously. Its value ended up experiencing the worst downward movement compared to the rest of the fiat currencies on Tuesday. The reason why the Philippine peso performed worse than its Asian peers was due to below-expectation GDP growth. Philippine’s GP growth was not as much […]
The trading price of the EUR/USD pair has improved tremendously in recent trading sessions. The data suggests that it is currently trading near the 1.0200 benchmarks. Euro Gains Momentum after Posting Eurozone Sentix Data The data surrounding the Eurozone Sentix was recently posted, showing that it has improved in the month of August. A downtrend […]
The trading value of Optimism (OP) has been undergoing significant growth in the past 30-days. Since the start of July, the trading value of Optimism has continued surging, which is due to its connection with Ethereum. Almost 300% Rally Recorded by Optimism The trading price of Optimism has experienced an almost 300% rally in the […]
On Tuesday, US stock indexes were set for a lower opening over concerns that tensions between the United States and China could worsen because of a visit of US House Speaker, Nancy Pelosi, to Taiwan. Shares fall The financial markets have already been under a lot of pressure because of the fallout from rising inflation, […]
On Monday, US stocks saw their three-day winning streak come to an end and crude prices recorded declines. This was after economic data from China, Europe, and the United States showed that demand had weakened significantly due to inflation pressures. Risk appetite remained low because of the looming possibility of the economy sliding into recession. […]
On Thursday, a day after Meta released its corporate earnings for the second quarter and ended up missing its bottom and top lines, the company’s shares saw a 5% drop in the market. Revenue decline There was almost a 1% drop in Meta’s revenue, as opposed to a year earlier, and the company’s share price […]
