BTC/USD Breaches US$100k: Where Next?
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- December 5, 2024
OPENING CALL: The Australian share market is expected to open lower. The SPI Futures is expected to be down 23 points. The Bank of Mexico lowered interest rates Thursday for the first time in more than five years in a split vote, citing slowing economic growth, lower inflation and a decline in debt yields
READ MOREOPENING CALL: The Australian share market is expected to open lower. The SPI Futures is expected to be down 135 points. WeWork’s parent company unveiled the papers for its initial public offering, depicting a firm whose revenue growth is steep but whose losses have grown substantially as well. Glencore has lost a bid
READ MOREOPENING CALL: The Australian share market is expected to open higher. The SPI Futures is expected to be up 48 points. Shares of department stores, discount chains, and even toy makers rallied Tuesday after the U.S. said it would delay some tariffs against China until Dec. 15 Foxconn Technology’s net profit fell as
READ MOREOPENING CALL: The Australian share market is expected to open lower. The SPI Futures is expected to be down 52 points. Argentina’s peso had its worst fall in at least a decade and stocks plunged amid investor concerns about the potential return to power of the country’s populist Peronist movement.
READ MOREOPENING CALL: The Australian share market is expected to open lower. The SPI Futures is expected to be down 22 points. President Trump raised the possibility that trade talks with China could break off again, causing stocks to fall. Chinese technology giant Huawei’s new operating system, called HarmonyOS, is intended to run on
READ MOREOPENING CALL: The Australian share market is expected to open higher. The SPI Futures is expected to be up 39 points. Germany’s Adidas reported higher quarterly earnings on strong sales in China and predicted continued growth, but warned that a protracted trade and currency war could derail the global economy and hurt business.
READ MOREOPENING CALL: The Australian share market is expected to open lower. The SPI Futures is expected to be down 11 points. China’s abrupt devaluation of the yuan this week is an acknowledgment from Beijing that its economy needs help, a vulnerability Chinese policymakers have played down during the trade conflict with the U.S.
READ MOREOPENING CALL: The Australian share market is expected to open higher. The SPI Futures is expected to be up 47 points. Treasury yields moved a bit higher intraday after China’s central bank signaled it wouldn’t let the yuan fall further, encouraging investors to shift some money back to riskier assets like stocks. Amazon’s
READ MOREOPENING CALL: The Australian share market is expected to open lower. SPI Futures is expected down 110 points. Beijing’s move to devalue its currency escalated the U.S.-China trade fight yet again and raised the potential of another retaliatory round from Washington. HSBC plans to cut up to 2% of
READ MOREOPENING CALL: The Australian share market is expected to open flat. In separate statements Friday, the two Federal Reserve officials who opposed Wednesday’s interest-rate cut by the central bank justified their views based on the current state of the economy. Trump’s announcement, through a series of tweets Thursday afternoon, ramped up tensions surrounding the trade
READ MOREOPENING CALL: The Australian share market is expected to open lower. The SPI200 futures contract expected to open down 15 points. U.S. government-bond prices extended early gains after President Trump said he would impose new tariffs on China. The Federal Trade Commission is examining Facebook Inc.’s acquisitions as part of its antitrust investigation into the
READ MOREOPENING CALL: The Australian share market is expected to open lower. The SPI200 futures contract expected to open down 29 points. The Federal Reserve cut interest rates by a quarter-percentage point-the first reduction since 2008-in a preemptive strike to cushion the economy from a global slowdown and escalating trade tensions. Deutsche Bank AG
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