Cryptocurrency
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 inflation, which peaked at 10.6 percent in October 2022, has decreased recently with the easing of energy shocks and various supply-side disruptions. He stated that it has decreased significantly thanks to decisive policy steps.
European Central Bank (ECB) Governing Council Member Yannis Stournaras said that the European Central Bank faces more challenges than the Fed. Stournaras also stated that he expects the first interest rate cut in June.
Japan’s core consumer prices in January decreased on an annual basis. The annual rate of increase in consumer prices decreased to 2.2 percent in January, from 2.6 percent in December. Economists’ expectation was for an annual increase of 1.8 percent.
The International Monetary Fund (IMF) stated that medium-term growth expectations remain weak and that cooperation is necessary to revitalize trade, maximize the potential of artificial intelligence, prevent debt bottlenecks and combat climate change.
Hong Kong stocks led declines in Asia as Wall Street benchmarks retreated from record highs.
Bitcoin hit the $57,000 level for the first time since late 2021, supported by investor demand through exchange-traded funds as well as purchases made by MicroStrategy.
Try Any of Our Trading Accounts
Start trading with 100,000 USD on your demo account without risking real money. Gain experience with your dedicated investment advisor. When you are ready, take your first step into the world’s largest market!
