ADVFN US – Market Content Editor
-
Crypto: Volatile Bitcoin with ETF Anticipation, Etherscan Acquires Solscan, and Latest Updates
Bitcoin and other cryptocurrencies fall on Fed and ETF expectations On Wednesday, Bitcoin (COIN:BTCUSD) faced a 4.5% drop, reaching US$42,930, influenced by the expectation of news from the Federal Reserve and the possible approval of a Bitcoin ETF. Other cryptocurrencies such as Ether (COIN:ETHUSD), Solana (COIN:SOLUSD) and XRP (COIN:XRPUSD) also saw significant drops. These fluctuations…
-
Manufacturing Activity and Job Openings Reports Due
The Institute for Supply Management is scheduled to release its report on manufacturing activity in the month of December at 10 am ET. The ISM’s manufacturing PMI is expected to inch up to 47.1 in December from 46.7 in November, but a reading below 50 would still indicate a contraction. Also at 10 am ET,…
-
Renewed Interest Rate Uncertainty May Lead To Extended Pullback On Wall Street
The major U.S. index futures are currently pointing to a lower open on Wednesday, with stocks likely to see further downside after starting the new year on a downbeat note. Concerns investors have become too optimistic about the likelihood of near-term interest rate cuts may weigh on the markets ahead of the release of the…
-
Gold and Metals Down
Base metals and gold edged lower as a stronger dollar added pressure to risk assets. ING said gold investors will be eyeing this week’s jobs data, with Fed policy likely to be led by key economic data releases. “We believe that the Fed policy will remain key to the outlook for gold prices in the…
-
Oil Down
Oil prices dropped, pressured by a broader fall in risk assets and despite a rise in Middle East tensions. “While the geopolitical situation is a concern for the oil market, a fairly comfortable oil balance over the first half of 2024 does help to ease some of these worries,” ING said.
-
Dollar Hits Two-Week High
The dollar hit a two-week high against a basket of currencies, reflecting a typical pattern of gains in January following losses in December, ING said. “The dollar strength in the early part of the year is often associated with the December tax flows by U.S. corporates being reverted,” it said. The dollar also gained as…
-
Stock Futures Extend Losses as FOMC Minutes Awaited
Equity-index futures were lower on Wednesday as investors remained wary ahead of the release of the Federal Reserve’s meeting minutes. Treasury yields continuing to move higher added to the cautious mood. Deutsche Bank said the rebound in yields reflects growing skepticism about the chance of near-term interest rate cuts by the Fed. “Clearly, investors are…
-
Wall Street Highlights: Tesla’s Competition with BYD, JPMorgan Stocks Achieve New Records, and More
U.S. index futures show a decline in Wednesday’s pre-market trading, a direct reaction to the performance of the Nasdaq Composite, which faced its most challenging session since October in the previous session. At 05:10 AM, the Dow Jones futures (DOWI:DJI) fell 75 points, or 0.20%. The S&P 500 futures fell 0.25% and the Nasdaq-100 futures…
-
US Futures Flat, European Stocks Mixed Amid Risk-Off Bias
U.S. futures for the S&P 500 were flat and futures for the Dow Jones Industrial Average were flat. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 climbed 0.1% in morning trading. Viaplay Group Series B added 4.5% and A.P. Moeller-Maersk B rose 4.1%. On the…
-
Top Company News of the Day: Airbus, Shein, Temu, Fisher Investments
Airbus In Talks to Buy Atos Cybersecurity Unit Airbus is entering due diligence to buy Atos’s cybersecurity unit BDS, with an indicative offer valuing the business at up to $2 billion including debt. Tech’s AI Hangover Might Just Be Getting Started Technology stocks opened the year with a selloff, after artificial-intelligence hype drove big gains…