U.S. stock index futures rose on Wednesday on volumes affected by the holiday and helped by dovish comments made by Federal Reserve Chairman Jerome Powell. Wall Street’s major indexes had a quiet and subdued day on Wednesday due to Thursday’s Independence Day holiday, coming off significant gains on Tuesday after Powell indicated some progress on […]
Dollar Loses Ground After Powell Speech; Euro Gains Ground Ahead of French Vote
The U.S. dollar lost ground in early trading in the European session on Wednesday after Federal Reserve Chairman Jerome Powell indicated progress in lowering inflation, while the euro rose ahead of the second round of early parliamentary elections in France. Dollar falls after Powell’s negative comments The dollar lost ground after comments made Tuesday by […]
Fed has made “significant progress” in bringing inflation down: Powell
Federal Reserve Chairman Jerome Powell has predicted that inflation in the United States could return to the central bank’s 2% target by the end of 2025 or the following year, although he has indicated that policymakers “will take their time” before implementing possible interest rate cuts. Powell, who was speaking at a panel discussion held […]
U.S. stocks pull back; Powell to address the Fed
U.S. stocks declined on Tuesday, losing ground from record levels ahead of a speech by Federal Reserve Chairman Jerome Powell. Wall Street’s major indices closed Monday’s trading day higher, with the S&P 500 gaining 0.3% and the Dow Jones Industrial Average rising 0.1%, while the NASDAQ Composite rose 0.8% to close at record levels, supported […]
Dollar rises on Trump expectations; euro falls in light of inflation data
The U.S. dollar was moving in early European trading on Tuesday, showing signs of recovering from recent losses, while the euro was losing ground ahead of the release of key inflation data. Dollar gets Trump’s backing; Powell ready to speak out The dollar index has risen as estimates of a second Donald Trump presidency have […]
SEC postpones Ethereum ETF launches to July
The launch of Ethereum (ETH) exchange-traded funds (ETFs) in the United States, originally scheduled for July 2, has been delayed by the U.S. Securities and Exchange Commission (SEC). According to Bloomberg ETF analysts Eric Balchunas and James Seyffart, the SEC has given itself more time to return S-1 forms filed by Ether ETF issuers, postponing […]
U.S. stocks rise; payrolls release is crucial
U.S. stocks rose on Monday, as investors awaited further clues about interest rates from a series of Federal Reserve officials and crucial market readings during this holiday-shortened week. The major indices are poised to start a new week with gains, recovering from Friday’s losses but continuing the positive tone seen last quarter as the second […]
Dollar awaits payrolls; euro rises on French poll results
During the first hours of the European session on Monday, the dollar lost value in anticipation of the employment report, while the euro rebounded after the first round of the French elections. Dollar loses ground ahead of payrolls release The dollar index has been affected mainly by the euro’s strength on Monday, as the single […]
Market Highlights for the Week: Inflation and Employment
Next Friday’s U.S. jobs report will mark the climax of a holiday-shortened week as markets try to clear uncertainty over the exact date when interest rate cuts could begin. Comments from Federal Reserve Chairman Jerome Powell will be closely watched, as will the minutes of the U.S. central bank’s last meeting on Wednesday. Also, elections […]
Ethereum Foundation warns of phishing campaign following mailing list leak
The Ethereum Foundation, the entity in charge of providing technological and community support to the Ethereum network, reported that the mailing list held by the entity has been leaked, so they are alerting the community about possible phishing campaigns in progress. Ethereum Foundation mailing list leaked The information was confirmed by Tim Beiko, developer and […]