Financial News

BlackRock’s iShares Bitcoin ETF eclipses MicroStrategy, now holding 195,985 BTC, marking a significant shift in cryptocurrency dominance.

Hang Seng Index gains traction on positive Chinese inflation data, diverging from broader Asian market downturn

Economic data from the Japan, the UK, and the US will influence sentiment toward central bank policy moves in another important week ahead.

Meme coins surged higher as bitcoin struck a Friday all-time high of $70,066. BTC-spot ETF market flows remain a focal point for the crypto market.

February job surge at 275K beats forecasts; Higher-than-expected unemployment rate at 3.9%, ; Modest wage growth.

February job growth: 198,000 expected, unemployment steady at 3.7%; cautious market trends as Fed monitors impact.

The market focus shifts to Eurozone GDP and US Jobs Report: Economic growth and labor market data awaited.

The Asian equity markets enjoyed a positive Friday morning session, while the AUD/USD and USD/JPY treaded cautiously ahead of the US Jobs Report.

Q4 2023: Labor productivity up 3.2%, unit costs up 0.4%, reflecting varied manufacturing.”

ECB meets Thursday, amid falling inflation and rate cut speculations, with a focus on economic data and June timeline.

German economic indicators send conflicting signals as factory orders plunge, while trade data paints a brighter picture, leaving investors cautious ahead of ECB decision.

The long drawn out lawsuit between lender BlockFi and Sam Bankman Fried’s FTX Exchange and Alameda Reasearch came to settlement this week.

China’s trade surge sparked optimism, boosting Australian dollar, while the USD/JPY was under pressure as Japan’s wage data spurred BoJ pivot bets

U.S. private sector adds 140,000 jobs in February, according to ADP, with job changers seeing a 7.6% pay gain, signaling robust economic growth.

Fed Chair Powell’s speech to Congress is crucial for Wall Street, with focus on potential rate cuts and monetary policy direction.

German trade data for January signaled a pickup in demand within the EU, easing fears of a prolonged German recession.

Further upside for Greece’s credit rating hinges on robust nominal growth, deeper fiscal consolidation, more reform of the banks and structural reform compensating for years of public and private under-investment.

Amidst reduced Services PMI® and employment contraction, the Fed may lean towards rate cuts to spur growth and manage inflation effectively.

US to release ISM Services PMI at 15:00 GMT. Expectations: 51.0 to 54.3. Inflation concerns persist despite recent data, may impact market sentiment.

AUD/USD reacts to weaker-than-expected China PMI, holds steady as the markets await National People’s Congress updates.