Asian stock markets rallied on Wednesday as investors’ concerns over a banking crisis eased, leading to a surge in discounted financial stocks. The Japanese Nikkei 225 was among the best performers for the day, rising over 2% in catch-up trade. This was largely due to the major financial stocks that.
Russian President Vladimir Putin and Chinese leader Xi Jinping have agreed to complete the Power-of-Siberia 2 pipeline project, which will deliver gas to China via Mongolia. The leaders met in Moscow for two days of talks, during which they discussed the major new infrastructure project. According to Putin, Russia, China,.
Virgin Orbit, the spaceflight company founded by billionaire entrepreneur Richard Branson, is set to receive a much-needed cash infusion of $200 million from Texas-based venture capital investor Matthew Brown, according to a term sheet obtained by Reuters. The investment comes as Virgin Orbit has been struggling to maintain its market.
Indonesia’s parliament has voted to pass President Joko Widodo’s emergency decree aimed at regulating investment and jobs in the country, replacing a similar law from 2020 that was ruled partially unconstitutional. The new law revises more than 70 other laws and has been welcomed by foreign investors for simplifying business.
The Bitcoin price has experienced a significant surge, rising above the $28,000 level for the first time since early June 2021. This sudden increase has caused a shift in investor sentiment from bearish to bullish, as reflected in the options market pricing. According to reports, the options market is indicating.
Sri Lanka is set to receive the first $330 million tranche of the International Monetary Fund’s (IMF) bailout in the next two days, according to a statement released by the global lender on Tuesday. The bailout comes as the country faces its worst financial crisis in seven decades, with economic.
Introduction Bitcoin’s correlation with US equity markets has fallen to its lowest level in over a year and a half, according to crypto analytics firm CoinMetrics. The 30-day pearson correlation between Bitcoin and the S&P 500 has dropped below 0.20, indicating a shift in the relationship between Bitcoin and traditional.
The AUD/USD may experience further downside as investors lose confidence in the Reserve Bank of Australia’s (RBA) ability to control stubborn inflation. While the RBA has acknowledged concerns about the volatility of monthly Consumer Price Index (CPI), investors are not convinced that their response is adequate to contain the consequences.
Introduction Statistics Canada is set to release consumer inflation figures for February, which will impact the Bank of Canada’s (BoC) Core CPI and the USD/CAD pair. The expected rise in the headline CPI and the projected deceleration of the yearly rate could impact the Canadian Dollar, particularly after the BoC.
Introduction The Philippine central bank is expected to raise its main interest rate by 25 basis points on Thursday, followed by another hike in the next quarter, according to a Reuters poll. This move comes after a 50 basis point increase in February, bringing the total to 400 basis points.
Introduction The USD/JPY currency pair has been experiencing a volatile market as buyers and sellers fight for control. After experiencing two consecutive days of losses, the currency pair has picked up momentum and is testing a key resistance level. In this article, we will discuss the current market status.
Alan Ruskin, chief international strategist at Deutsche Bank AG, has warned that the Federal Reserve’s decision to inject US dollar liquidity into the monetary system is a clear negative for the currency. In a coordinated effort with five other central banks, the Fed announced the move on Sunday to ease.