Cryptocurrency
Archive for admin
Archive for admin
Today’s Important Developments 01.03.2024
San Francisco Fed President Mary Daly, Atlanta Fed President Raphael Bostic and Chicago Fed President Austan Goolsbee gave messages about the interest rate cut and the course of inflation. The core PCE data, which the Fed monitors carefully in terms of price movements in the USA, has been announced. Although the data came in line […]
Today’s Important Developments 29.02.2024
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 […]
Today’s Important Developments 28.02.2024
The Conference Board Consumer Confidence Index in the USA fell to 106.7 in February, with a monthly decrease of 4.2 points. Consumer Confidence, which was below expectations, was predicted to reach 114.8 in this period. Consumer Confidence Index in the USA was calculated as 110.9 in January. The US Department of Commerce announced durable goods […]
Today’s Important Developments 27.02.2024
European Central Bank (ECB) President Christine Lagarde spoke about the ECB Annual Report at the European Parliament (EP) General Assembly session held in Strasbourg. Reminding that the Euro Zone faced serious negativities due to a series of shocks that increased inflation to very high levels after the recovery after the Covid-19 epidemic, Lagarde said that […]
Today’s Important Developments 26.02.2024
Global markets will experience an intense flow of data this week, especially the inflation indicator, which is closely followed by the Fed. In the first pricing of the busy data week, the decline in Chinese indices attracted attention. Former US President Donald Trump won the primary elections in South Carolina, the state of his Republican […]
Today’s Important Developments 23.02.2024
S&P Global announced the US’s leading manufacturing, services and composite PMI data for February. Accordingly, the manufacturing industry PMI increased by 0.8 points to 51.5 in February compared to the previous month. During this period, the index was expected to reach its highest level in 17 months and reach a value of 50.5, indicating the […]
Today’s Important Developments 22.02.2024
In the minutes of the Fed’s January meeting, most officials pointed out the risks of rapid interest rate cuts. Officials have said they want to see more evidence that inflation is coming down to target. “Definitely not now,” Fed Board Member Michelle Bowman said, explaining why she thinks interest rates shouldn’t be lowered anytime soon. […]
Today’s Important Developments 21.02.2024
The declines in Wall Street indices yesterday, led by technology stocks, were effective. Losses continue in futures transactions on the new trading day. Bezos completed the sale of 50 million Amazon shares, netting $8.5 billion. While the revenue of Walmart, one of the largest retail chains in the USA, increased in the last three months, […]
Today’s Important Developments 20.02.2024
The postponement of expectations regarding interest rate cuts by the US Federal Reserve Fed, due to the strong economic data announced, caused investors to increase their cash positions again. The German Central Bank (Bundesbank) shared its prediction that the contraction in the German economy will continue in the first quarter of this year. Chinese banks […]
Today’s Important Developments 19.02.2024
Goldman Sachs strategists raised their forecasts for a second time just a few months after setting a 2024 target for the S&P 500 Index, with the stock market eclipsing the key 5K milestone this month. “Increasing profit forecasts are the driver of the revision,” a team led by David Kostin wrote in a note to […]
