(Bloomberg) — Stocks posted mostly modest gains as investors awaited U.S. inflation data that will help clarify the path for Federal Reserve policy. Most read from Bloomberg The European Stoxx 600 index rose 0.4%, moving away from session highs, and…
The disappearance of the Turkish currency: one Turkish lira with a picture of Kemal Ataturk (Turkish) on it. Manuel Augusto Moreno | moment | Getty Images The Turkish lira hit a new record low against the US dollar on Thursday,…
Gold has been stuck in a consolidation zone recently as the market awaits the release of the US Consumer Price Index scheduled for today. In the big picture, gold should remain supported as we head into an interest rate cutting…
There are no major expiry periods for today. On a day like this, the expiry board may not matter much. All eyes are on the US CPI data to be released later which will be the main driver of trading…
China’s central bank countered the yuan’s recent weakness by setting its daily reference rate for the managed currency at the widest estimate gap since November. The People’s Bank of China set the so-called fix at 7.1087 per dollar on Thursday,…
got oil? Warren Buffett’s Berkshire Hathaway went on a frenzied buying spree of Occidental shares. Barclays believes that market expectations for Fed rate cuts are too aggressive ICYMI – US Treasury Secretary Yellen said more work is needed to control…
Spot Bitcoin ETFs have finally been approved in the US after a difficult decade of trying. Next step: get into trading Thursday morning. Following the go-ahead from the Securities and Exchange Commission on Wednesday afternoon, the highly anticipated products will…
Jane Fraser, CEO of Citi, speaks at the 2023 Milken Institute Global Conference in Beverly Hills, California, May 1, 2023. Mike Blake | Reuters Citigroup warned investors late Wednesday that charges linked to the devaluation of the Argentine peso as…
The IRS announced that it will officially begin accepting 2023 tax returns on Monday, January 29. But although official processing won’t begin until that date, the agency said filers shouldn’t wait to start working on their returns. Most companies that…
The US Securities and Exchange Commission (SEC) has finally approved a trade Bitcoin Spot Forex Trading Funds (ETFs) on Wednesday, as expected, but at least one SEC commissioner is at a loss for words to describe the losses caused by…