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Cryptocurrency data provider Kaiko acquires Vinter, eyes European crypto ETP growth
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Dollar roars with bitcoin as Trump trades shine; euro and yuan slump
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Pound hits 3-month low on jobs data and dollar’s Trump rally
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Oil prices hold their ground after falling on China stimulus
Oil falls on Chinese stimulus disappointment, supply outlook
Date: November 12, 2024
By Erwin Seba HOUSTON (Reuters) -Oil prices fell by more than 2% on Monday after China’s latest stimulus plan disappointed investors seeking demand growth in the world’s second-biggest oil consumer, while supply looked set to rise in 2025. Brent crude futures settled at $71.83 a barrel, down$2.04 or 2.76%. U.S. West Texas Intermediate crude futures...
Oil falls as China stimulus fails to boost sentiment, US dollar rises
Date: November 11, 2024
By Arunima Kumar (Reuters) – Oil prices fell about 2% on Monday after China’s stimulus plan disappointed investors seeking fuel demand growth in the world’s second-biggest oil consumer and as the U.S. dollar edged higher. Brent crude futures were down $1.83, or 2.48%, to $72.04 a barrel by 1444 GMT while U.S. West Texas Intermediate...
Bitcoin jumps to record as Trump’s election turbocharges cryptocurrencies
Date: November 11, 2024
By Ankur Banerjee and Samuel Indyk LONDON (Reuters) -Bitcoin soared to a record high above $82,000 on Monday on expectations that cryptocurrencies will boom in a favourable regulatory environment following the election of Donald Trump as U.S. president and of pro-crypto candidates to Congress. The world’s biggest and best-known cryptocurrency, has now more than doubled...
Europe’s STOXX up 1% at start of data-packed week
Date: November 11, 2024
By Shashwat Chauhan (Reuters) -European shares advanced on Monday, with most sectors gaining, ahead of a week packed with global economic data including inflation readings in Germany and the United States. The pan-European STOXX 600 added 1%, with industrials among the top gainers, up 1.4%. Later this week, inflation readings across Europe, the United States...
Dollar underpinned before US inflation data, Fed speakers
Date: November 11, 2024
By Wayne Cole SYDNEY (Reuters) – The dollar edged higher on Monday as markets braced for U.S. inflation data and a throng of Federal Reserve speakers this week, while the yuan nursed a hangover from Beijing’s latest underwhelming stimulus package. Highlighting the bleak background in China, data out over the weekend showed consumer prices rose...
NOV 8-Oil settles down 2% on receding hurricane risk, lackluster China stimulus
Date: November 11, 2024
(This Nov. 8 story has been corrected to fix the WTI settlement at $70.38, not $70.35, in paragraph 2) By Shariq Khan NEW YORK (Reuters) – Oil prices settled more than 2% lower on Friday as traders grew less fearful of prolonged supply disruptions from a hurricane in the U.S. Gulf of Mexico, while China’s...