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Italy minister open to reviewing tax hike on cryptocurrencies
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How Halving Cycles Impact Bitcoin Price: What to Expect in the Next Halving
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AngloGold Ashanti Q3 earnings rebound on higher gold price
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Dollar gives up a bit of post-election surge; central bank decisions awaited
Arm forecasts results in line with expectations and shares drop
Date: November 7, 2024
By Max A. Cherney, Deborah Mary Sophia SAN FRANCISCO (Reuters) –Chip designer Arm Holdings on Wednesday forecast revenue in line with Wall Street targets, sparking a 4.5% drop in shares that some analysts attributed to dashed hopes for stronger, AI-fueled growth. Bets that Arm, which licenses its designs, will benefit from a surge in AI...
For Europe’s markets, Trump’s return spells euro pain but bond gains
Date: November 7, 2024
By Yoruk Bahceli and Lucy Raitano LONDON (Reuters) -Investors are bracing for further economic pain in Europe that could deepen euro losses and hurt its stocks, as a second Donald Trump presidency raises the prospects of hefty tariffs. European bonds emerged as winners, as expectations the European Central Bank will cut interest rates to counter...
Wall Street hits record high; dollar, Treasury yields surge as Trump wins presidency
Date: November 6, 2024
By Koh Gui Qing and Dhara Ranasinghe NEW YORK/LONDON (Reuters) -Wall Street marched to record highs on Wednesday and major stock markets around the world surged, while bitcoin also hit an all-time-high and the dollar was set for its biggest one-day jump in four years after Donald Trump was elected U.S. president. Trump’s decisive victory...
Commodity prices fall after Donald Trump elected US President
Date: November 6, 2024
By Naveen Thukral, Emily Chow and Nina Chestney SINGAPORE/LONDON (Reuters) -Commodities from oil and gas to metals and grains dropped on Wednesday as the dollar rallied and victory for Republican Donald Trump in the U.S. presidential election stoked concerns about tariffs and economic growth. Trump recaptured the White House by securing more than the 270...
FX traders brace for wild moves after US election
Date: November 5, 2024
By Amanda Cooper LONDON (Reuters) – Currency traders rushed to hedge against big overnight price movements that might ensue as the results of the 2024 U.S. election trickle out, pushing options volatility for the euro and Mexican peso to the highest since the 2016 vote. The euro and the peso are seen as among the...
UK consumer spending slowed before last week’s budget, retailers say
Date: November 5, 2024
LONDON (Reuters) – British consumer spending grew only modestly last month as uncertainty in the run-up to finance minister Rachel Reeves’ Oct. 30 budget and rising energy bills deterred shoppers, a survey showed on Tuesday. The British Retail Consortium said spending in shops increased by 0.6% in annual terms in October, below September’s 2.0% growth...