Category Archive: Finance, No picture
ECB Accounts: Inflation Expected To Rise Again In Latter Part Of This Year
The accounts of the European Central Bank’s (ECB) September policy meeting showed on Thursday that inflation in the Eurozone is expected to rise again in the latter part of this year, per Reuters. Key takeaways“Inflation then expected to decline towards the target over the second half of next year.””Recent negative surprises in PMI manufacturing output indicated potential headwinds […]
Fetch.ai opens new lab in London, focusing on AI, machine learning, and autonomous systems
Key Takeaways Fetch.ai partners with Imperial College London to launch a new innovation lab in London. The Fetch.ai Innovation Lab aims to foster collaboration between academia, industry, and students to drive AI-driven solutions. Share this article Fetch.ai has established an innovation lab at the White City Campus of Imperial College London in collaboration with I-X, […]
ECB Minutes Show What Difference A Few Weeks Can Make
The minutes of the European Central Bank’s September meeting show a central bank that is increasingly concerned about disappointing growth and still very reluctant to give the all-clear on inflation.Getting the minutes of the last ECB meeting only a week ahead of the next one is very unusual. The late release is the result of […]
Crypto markets dip as inflation data looms, Bitcoin holds firm above $60,500
Key Takeaways Bitcoin and Ether prices fall as the US dollar strengthens ahead of inflation data. The Fed may shift its focus toward supporting the labor market instead of prioritizing inflation control. Share this article The total crypto market cap fell over 3% to $2.2 trillion in the last 24 hours as investors await the […]
US Equities Not Worrying About Dollar Demand
US economic data has been stronger of late and the Fed Minutes just revealed some Fed members had a preference to cut rates at a more gradual pace. So on balance, there should be no surprise to see another wave of Dollar demand.Video Length: 00:01:45More By This Author:Dollar Recovers After Impressive US Jobs Report Market […]
Ripple rolls out crypto storage services for financial institutions
Key Takeaways Ripple Custody offers banks crypto storage with advanced security and policy settings. The service integrates with XRP Ledger to enhance trading and compliance capabilities. Share this article Ripple is rolling out a new suite of crypto storage services designed to help banks and fintech firms securely store and manage crypto assets, according to […]
FX Daily: Fed Minutes Keep Dollar Supported
Last night’s release of the September FOMC minutes revealed a Fed intent on ‘recalibrating’ restrictive monetary policy. Certainly, there was no sense that the Fed was rushed into a 50bp rate cut. As the Fed notes, short-term rate differentials drive the dollar. And risks of a 0.3% MoM core September CPI release today can keep the […]
China launches ¥500 billion funding scheme to support stock market
Key Takeaways China’s central bank has launched a ¥500B scheme to support the stock market. Financial institutions can use various assets as collateral under the new funding scheme. Share this article The People’s Bank of China (PBOC) said today it has established a ¥500 billion ($70.6 billion) funding scheme to support the Chinese capital market. […]
Markets Up Ahead Of CPI, Jobless Claims Thursday
Image Source: UnsplashMarkets closed today’s session in the green across the board. The Dow shot forward +431 points, +1.03%, the S&P 500 +0.71%, the Nasdaq +108 points, +0.60% and the small-cap Russell 2000 +0.15%. This, after opening today’s session flat-to-down on each of the major indexes. Big Morning for Inflation, Jobs Data Thursday Tomorrow morning, being […]
A Detailed Analysis Of Q3 Earnings Expectations
Image Source: Unsplash Estimates for 2024 Q3 came down since the start of the quarter on July 1st, with the magnitude of estimate cuts significantly bigger than what we had seen in the comparable periods of other recent quarters. This negative shift in the revisions trend sharply contrasts the prior favorable development on this front in […]
