Dollar edges down, ether’s 2-month high fuels crypto rally
The dollar struggled for direction on Tuesday as investors stuck to their views for the expected timing of Federal Reserve monetary easing this year.
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Oil falls as Fed interest rate outlook stokes demand fears
Oil prices extended losses on Tuesday, with investors expecting lingering U.S. inflation to keep interest rates higher for longer, depressing consumer and industrial demand.
Cryptocurrencies gain as investors turn optimistic on ether ETFs
Ether was set for its largest two-day gain in nearly two years and bitcoin approached a record high on Tuesday on speculation about the outcome of applications for U.S. spot exchange-traded funds that track the world’s second-biggest cryptocurrency.
US stock futures tread water; Lowe’s impresses ahead of Nvidia’s results
U.S. stock index futures traded largely unchanged Tuesday amid uncertainty over the future path of interest rates and ahead of earnings from market darling Nvidia.
Bank of England’s Broadbent says rate cut ‘possible’ this summer
The Bank of England could cut interest rates in the next few months, depending on how rapidly the knock-on impact on wage growth and prices from 2022’s surge in inflation eases, Deputy Governor Ben Broadbent said on Monday.
Dollar holds steady as investors wait for Fed guidance
The dollar was broadly steady on Monday as investors awaited further clues to help chart the path of U.S. interest rates in the wake of cautious comments from Federal Reserve officials, even as inflation showed signs of cooling.
Oil prices slip slightly lower; Iran in focus after helicopter crash
Oil prices slipped lower Monday, handing back early gains after the confirmation of the death of Iran’s President in a helicopter crash. At 08:30 ET (12:30 GMT), Brent oil futures fell 0.5% to $83.53 a barrel, while West Texas Intermediate crude futures dropped 0.6% to $79.10 a barrel.
Bitcoin price today: flat at $67k as analysts await more Fed cues
Bitcoin price moved little on Monday after rebounding over the weekend, although the token still remained rangebound amid persistent caution over the outlook for U.S. interest rates.
JPMorgan stock gains on boosted net interest income forecast
JPMorgan (JPM) shares are rising premarket Monday, currently up 0.8%, after the company reportedly increased its 2024 net interest income (NII) forecast to $91 billion, excluding the markets division.
Chinese overcapacity claims by US, Europe are ‘trade protectionism’, ministry says
China said on Thursday that U.S. and European assertions of excess capacity were “naked trade protectionism” and that efforts to constrain new energy exports from the World’s No.2 economy would frustrate global efforts to tackle climate change.