The survey concluded that the Fed’s quantitative tightening used to curtail inflationary threats could be bad for crypto and tech stocks.
The bullish trends observed in the Asia-Pacific region as the Commerce Secretary, Gina Raimondo told CNN that President Joe Biden’s administration is “looking at” potentially lifting some tariffs on China to fight inflation.
As it stands, the Federal Reserve may add another 50 basis points to the interest rate this month or next.
The announcement comes just two weeks after Coinbase launched an initiative to cut down on spending in an effort to grow revenue. As its Q1 2022 results have shown, the exchange incurred a net loss of $430 million in its first-quarter earnings as well as saw its stock plunging.
Following a two-day decline, European shares are on the mend again as investors assess data on eurozone producer and consumer prices.
US stock futures registered gains to begin the week as global financial news optics remain slightly positive.
The revelation that Snap would not hit some of its own revenue and income forecasts caused drops in the S&P 500 and Nasdaq indexes.
S4 Capital’s Martin Sorrell opines that the Ukraine war could help US firms offering tech services, including cyber offense and defense.
Musk said that the S&P Globals Ratings have lost their integrity while calling the entire ESG thing a scam.
US stock futures saw their leading indexes advance even as the S&P 500 sits just 2% off impending bear market territory.
Despite some positive development from China’s April trade data, global stocks still remain lower as investors remain tentative.
Bitcoin declined to under $36K to coincide with the biggest negative correction seen on the Dow Jones Industrial Average since 2020.
Stocks in the Asian market are largely seeing a bad day as the shares of tech giants buckled under the realities in the broader global market.
The Dow and Nasdaq recorded their worst day performances in almost two years on Thursday, as the S&P 500 also loses ground.
The digital currency ecosystem is also seeing a massive bullish correction with Bitcoin (BTC) trailing the broad market indices in the rally post interest rate hike.