U.S. East and Gulf Coast port workers are set to go on strike at midnight on Monday with no talks currently scheduled to head off a stoppage threatening to halt container traffic from Maine to Texas and cost the economy as much as $5 billion a day.
The U.S. dollar steadied Monday, as traders awaited a speech by Federal Reserve Chair Jerome Powell later in the session ahead of Friday’s key employment report.
Oil prices rose for a second consecutive session on Monday, with concerns escalating over potential supply disruptions in the Middle East after Israel stepped up attacks on Palestianian militant group Hamas and Iranian-backed forces in the region.
Dormant wallets, especially those holding large amounts of Bitcoin, are often tied to early adopters or miners who acquired or mined BTC at a time when the cryptocurrency was worth just a fraction of its current price.
European shares opened lower on Monday as investors prepared for a week packed with a slew of economic data from the region, while comments from ECB President Christine Lagarde were awaited.
