Cryptocurrency
The US Department of Labor announced weekly data on unemployment benefits applications. Accordingly, the number of people applying for unemployment benefits for the first time in the country decreased by 8 thousand people in the week ending February 10 compared to the previous week, falling to 212 thousand. It was predicted that the number of applications would be 220 thousand, which was below market expectations. The previous week’s data on unemployment benefit applications was also revised upwards, from 218 thousand to 220 thousand.
Atlanta Fed President Raphael Bostic said he was not yet ready to call for a rate cut due to ongoing risks.
Following the bankruptcy of Silicon Valley Bank (SVB) last year, the US Federal Reserve (Fed) announced stress test scenarios to measure the resilience of banks to various shocks. In the statement made by the Fed, it was stated that 32 banks will be subjected to stress testing this year, and that these banks will be tested against a serious global recession with increasing stress in commercial and residential real estate markets as well as corporate debt markets.
German banking giant Deutsche Bank warned that the 7 largest companies in the USA have now become a macroeconomic phenomenon and that this share group should be evaluated taking into account their possible effects on all asset classes. (microsoft, tesla, google, apple, meta platforms, amazon, nvidia)
Jeff Bezos, Amazon.com Inc. He sold another 12 million shares of his company worth $2 billion, bringing the total amount of shares sold to over $6 billion.
The European Union (EU) Commission reduced its economic growth expectation in the Eurozone this year to 0.8 percent due to the weakening of purchasing power and high interest rates reducing loans.
Japanese stocks led the rise in Asia, with Nikkei reaching its highest level in 34 years.
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