Cryptocurrency
It was reported that Coinbase, the major US cryptocurrency exchange, experienced a series of technical problems due to the increased transaction traffic as the cryptocurrency Bitcoin rose above 60 thousand dollars.
While the average interest rate for a 30-year mortgage (home loan) in the USA remained above 7 percent, mortgage applications continued to decline.
European Central Bank (ECB) Vice President Luis de Guindos reiterated that the European Central Bank will reduce interest rates when it is convinced that consumer price growth has returned to its target.
Oil headed for its second monthly rise as expectations that OPEC+ will opt to extend supply cuts and key market indicators point to a gradual tightening of near-term conditions.
Russia may cancel gasoline export ban early. Deputy Prime Minister Aleksandr Novak said his country’s possible ban on gasoline exports could be canceled ahead of schedule.
Japan’s industrial production fell sharply in January, exceeding market expectations.
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