The U.S. move to raise tariffs on Chinese goods is a case of “typical bullying” and “shows that some people in the United States have reached the point of losing their minds,” China’s foreign minister said on Wednesday.
The dollar dipped to a one-month low versus the euro on Wednesday amid lower Treasury yields as traders braced for a key U.S. inflation report later in the day that could dictate the path of Federal Reserve policy.
Oil prices fell Wednesday, overturning earlier gains after the IEA cut its forecast for demand growth this year. At 11:00 ET (15:00 GMT), Brent oil futures fell 0.4% to $82.70 a barrel, while West Texas Intermediate crude futures dropped 0.4% to $77.97 a barrel.
The latest Bitcoin halving, which slashed the block reward from 6.25 BTC to 3.125 BTC, has forced less efficient mining rigs offline as miner revenues dropped to levels equivalent to a Bitcoin price of around $30,000, BTIG said in a research report on Wednesday.
Aareal Bank Group has reported a substantial increase in its consolidated operating profit for the first quarter of 2024, achieving the highest quarterly result since the fourth quarter of 2018. The profit rose by 66% to €103 million, with significant contributions from the Structured Property Financing and Banking & Digital Solutions segments.
