Financial News
- Ibrahim Ajibade
BlackRock has added four more Wall Street firms as authorized participants (APs) for its spot Bitcoin ETF, after increasing its BTC portolio to $18 billion.
- Bob Mason
SEC vs. Ripple and Coinbase remained focal points, while crypto investors prepared for the looming Bitcoin Halving event.
- James Hyerczyk
March’s U.S. job market soars with 303,000 new roles, notably in health care and construction, bolstering economic resilience amid global uncertainty.
- Thomas Gillet
The setback for Türkiye’s ruling AKP in local elections could support a continued restrictive monetary policy as persistent high inflation, an important economic weakness, was a key driver of the electoral outcome.
- Bob Mason
Investors Eye Eurozone Retail Sales Amidst German Factory Orders Miss; US Jobs Report on Horizon.
- Vladimir Zernov
Natural gas prices moved lower as traders reacted to the EIA report.
- James Hyerczyk
Rising jobless claims to 221,000 and four-week average point to a complex, shifting labor market despite stable unemployment rate.
- Bob Mason
The German services sector returned to expansion in March. However, wage growth trends may force the ECB to tone down the rate cut rhetoric.
- Vladimir Zernov
The services sector has grown in 45 of the last 46 months.
- James Hyerczyk
March’s robust job growth of 184,000 beats forecasts, with steady 5.1% wage growth boosting economic balance and worker confidence.
- James Hyerczyk
Eurostat reports Euro inflation at 2.4%, core CPI down to 2.9%, and steady 6.5% unemployment in February, prompting ECB to ponder rate cuts.
- Bob Mason
China Caixin Services PMI and Composite numbers signaled an improving demand environment, supporting hopes of an improving economic outlook.
- Vladimir Zernov
Gold markets tested historic highs as traders reacted to the report.
- Thomas Gillet
France faces important fiscal, social and political hurdles to finding additional savings in the next four years, challenging the execution of its medium-term fiscal consolidation strategy ahead of 2027 elections.
- Bob Mason
German and Eurozone manufacturing sector activity contracted at a more marked pace in March. Significantly, inflationary pressures subsided.
- Vladimir Zernov
ISM Manufacturing PMI has moved into expansion territory for the first time since September 2022.
- Bob Mason
Insights reveal increased optimism among manufacturers despite employment concerns. Attention now turns to US manufacturing data and Fed speeches.
- Bob Mason
A busy week for the US courts saw SBF receive 25-years, the SEC push for $2 bn from Ripple, and a ruling in the Coinbase case.
- James Hyerczyk
PCE inflation gauge rose 2.8% annually in February as forecast, reflecting stable income and spending trends.
- James Hyerczyk
PCE report impact and inflation rise complicate Fed’s strategy, prompting cautious market optimism and strategic adjustments.
