Russia will hold interest rates at 16% on Friday, a Reuters poll showed on Monday, with many economists expecting the bank to start easing monetary policy in June as inflation is stubbornly high.
The dollar edged lower on Monday as traders looked ahead to central bank meetings this week, with the Bank of Japan potentially on the brink of ending negative rates and the market waiting for the Federal Reserve’s projections for rate cuts.
The April contract for U.S. West Texas Intermediate (WTI) crude was up 62 cents at $81.66, in slow trade with the contract set to expire in the coming days. The more active May delivery contract traded up 60 cents at $81.18.
As Bitcoin once again captures attention, the concept of “halving” has emerged as a crucial factor influencing the cryptocurrency’s value and market dynamics. As a result, many market participants are providing their latest bitcoin price prediction.
On Monday, Piper Sandler assumed coverage on First Business Financial (NASDAQ:FBIZ) Services, Inc. (NASDAQ:FBIZ), assigning an Overweight rating with a price target of $44. The firm based this target on an 8.5 times multiple of their estimated 2025 earnings per share (EPS), which aligns closely with the average of peers at 8.9 times.
