Even with friends in high places, crypto’s instability is showing as investors respond to President Donald Trump’s trade war and reports of deal talks between Binance U.S. and the Trump family. Amidst the market chaos tariffs have wrought, here are some cryptocurrencies to watch this week.
Wall Street's main indexes edged higher in choppy trading on Monday following the latest batch of economic data even as investors try to gauge the impact of the Trump administration's tariffs on the world's largest economy. Intel rose 4.9% after a report said incoming CEO Lip-Bu Tan has considered significant changes to its chip manufacturing methods and artificial intelligence strategies ahead of his return to the company.
(Bloomberg) -- US Bitcoin exchange-traded funds recorded their longest run of weekly net outflows since listing in January last year as US President Donald Trump’s tariffs drove a wider retreat from riskier assets. Most Read from BloombergICE Eyes Massive California Tent Facility Amid Space ConstraintsHow Britain’s Most Bike-Friendly New Town Got BuiltWashington, DC, Region Braces for ‘Devastating’ Cuts from CongressThe Dark Prophet of Car-Clogged CitiesSaving the Signature Sound of Washington,
New economic projections from Federal Reserve officials this week will provide the most tangible evidence yet of how U.S. central bankers view the likely impact of Trump administration policies that have clouded a previously solid economic outlook. Top forecasters have marked down their expectations for growth this year, upped the perceived risk of recession, and anticipate higher inflation as President Donald Trump's stiff new tariffs on imports filter through global markets, with even broader levies anticipated next month. Starting from what some policymakers called a "sweet spot" of steady growth and balanced risks, more difficult scenarios are suddenly in play with a mounting sense of uncertainty around forecasts and tumbling stock markets.
NEW YORK (Reuters) -Global hedge funds started to add back U.S. equities to portfolios last week following a massive selloff in Wall Street's major indexes, an early indication of optimism about the country. Goldman Sachs said in a separate note that after unwinding positions in U.S. stocks on March 7 and 10, hedge funds started to add exposure to the world's largest economy back for the rest of the week through Thursday. The bank showed hedge funds added both long and short bets on U.S. stocks, adding hedge funds' global portfolios became more bearish, as the proportion of bets stocks will fall grew relative to long positions last week.
(Bloomberg) -- Emerging-market equities are set to extend their best monthly performance since September as a rebound in Chinese shares gain momentum on more fiscal measures.Most Read from BloombergICE Eyes Massive California Tent Facility Amid Space ConstraintsHow Britain’s Most Bike-Friendly New Town Got BuiltWashington, DC, Region Braces for ‘Devastating’ Cuts from CongressThe Dark Prophet of Car-Clogged CitiesSaving the Signature Sound of Washington, DCThe MSCI Emerging-Market Index has rise
Market gains that started last fall, when polls showed President Trump taking a narrow lead in the election, have been erased.
(Bloomberg) -- A sign of stability is emerging after the S&P 500 Index plunged into one of its sharpest-ever corrections: Traders are ditching bets that another deep slide is ahead.Most Read from BloombergICE Eyes Massive California Tent Facility Amid Space ConstraintsHow Britain’s Most Bike-Friendly New Town Got BuiltWashington, DC, Region Braces for ‘Devastating’ Cuts from CongressThe Dark Prophet of Car-Clogged CitiesSaving the Signature Sound of Washington, DCEven before the benchmark for US
The euro zone housing market has already recovered from its recent slump and prices are likely to rise further, challenging affordability in a potentially unhealthy development, the European Central Bank said in an Economic Bulletin article. House prices slumped from 2022 as surging inflation, high energy costs and rising interest rates all constrained a market that had been on an exceptional run in the preceding several years. But this downturn was shallow, with the peak-to-trough part of the cycle showing a cumulative decline of 3% over one and a half years, a smaller drop than during the global financial crisis and the sovereign debt crisis, when prices fell almost 5%, the ECB said on Monday.
Novanta’s stock price has taken a beating over the past six months, shedding 21.9% of its value and falling to a new 52-week low of $133.58 per share. This was partly due to its softer quarterly results and might have investors contemplating their next move.
