Market Overview - Page 198

Treasury yields flared on Thursday as bond market players grappled with the Federal Reserve’s willingness to allow inflation to heat up. The 10-year Treasury yield shot up from 1.64% late Wednesday to 1.75% Thursday, a 14-month high. It was at.

The first high-level gathering of U.S. and Chinese officials under President Joe Biden kicked off with an exchange of insults at a pre-meeting press event in Alaska on Thursday. A planned four-minute photo session for the officials to address reporters.

The Fed tried to return positive sentiment to the markets by suppressing expectations of an imminent policy tightening. Thanks to the announced economic stimulus, the FOMC has drastically raised this year’s GDP growth estimate to 6.5% from 4.2% and forecast.

The U.S. Securities and Exchange Commission (SEC) acknowledged VanEck’s 19b-4 Form for its bitcoin (BTC, +5.87%) exchange-traded fund (ETF) application on Monday, formally kicking off its 45-day window to make an initial decision on the proposal. If approved, the ETF.

Chinese tech company Meitu has announced the investment of a further $50 million into Ether and Bitcoin, taking its net spend on crypto up to roughly $90 million this month. The Hong Kong and China listed company purchased 386.08 BTC.

European stocks rose on Thursday in the first opportunity to react to the latest Federal Reserve decision, with the big story being the sell-off in bonds the central bank did nothing to quell. The Stoxx Europe 600 rose 0.2%, with.

The global economy is set to grow by 4.7% this year thanks to a stronger-than-expected recovery in the United States, a report by the U.N. Conference on Trade and Development (UNCTAD) said on Thursday, revising up its previous forecast of.

Asian shares and U.S. stock futures rose on Thursday after the Federal Reserve committed to maintaining accommodative monetary policy and projected a rapid jump in U.S. economic growth this year as the COVID-19 crisis eases. MSCI’s broadest index of Asia-Pacific.

Contemporary artist Krista Kim recently sold an NFT-minted digital house for 288 ether, valued at over $500,000 based on the cryptocurrency’s trading price Wednesday. The creation — called Mars House — is part of Kim’s grand vision for the role.

Semiconductor Manufacturing International Corporation (SMIC), China’s largest and most important chipmaker, is building a new factory in Shenzhen that will cost $2.35 billion. The company and the government of the southern Chinese city of Shenzhen will jointly put capital into.

China is diversifying its supply of critical natural resources — a move that will shore up Beijing’s ability to weaponize trade against its geopolitical rivals, according to a newly published report by risk consultancy Verisk Maplecroft. “If China has a.

Weak data on housing activity continued the series of disappointing macro-releases from the USA. The number of building permits and housing starts declined by more than 10% in February after rising by 10.7% and falling by 5.1%, respectively. This sharp.