Oil steady after slipping on Gaza ceasefire talks
Oil prices stabilized on Friday as the possibility of a ceasefire in Gaza weakened crude benchmarks, while steadying U.S. interest rates and the war in Europe cushioned the fall.
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Crypto expert shares 2 potential outcomes for Bitcoin price after halving
In an optimistic outlook, if miners can leverage their holdings without direct selling, Bitcoin’s price could soar to $100,000 in 2024, echoing a widespread sentiment among asset managers and industry pundits.
US stocks muted; set for weekly gains on Fed rate cut optimism
U.S. stocks traded in a muted fashion Friday, still on course for strong weekly gains after expectations of interest rate cuts by the Federal Reserve.
Russia to hold rates at 16% with first cut expected in June – Reuters poll
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.
Dollar dips, yen steady as BOJ policy shift beckons
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.
Oil prices inch higher as attacks on Russian energy facilities intensify
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.
Bitcoin price prediction: What is the impact of halving on BTC
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.
Piper Sandler bullish on First Business Financial, rates stock as overweight
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.
Toronto stocks fall on fading imminent rate-cut optimism
Canada’s main stock index fell on Friday hurt by losses in the technology sector that mirrored its U.S. counterparts, while the domestic housing data spurred worries that the Bank of Canada may not cut interest rates soon.
Dollar on course for positive week after hot inflation data; euro gains
The U.S. dollar edged lower in European trade Friday, but remained on course for a positive week, after hotter-than-expected U.S. inflation data ramped up fears of hawkish signals from the Federal Reserve next week.