Day: January 10, 2019
Asian shares edged up on Thursday as stimulus expectations and a rise in the yuan helped Chinese equities erase early losses, while markets awaited more news on U.S.-China trade talks amid hopes that an all-out trade war can be averted. Stocks MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.3 percent. China’s blue-chip CSI […]
Gold prices edged up on Thursday in Asia after the U.S. dollar slipped amid growing expectations that the U.S. Federal Reserve would halt its rate tightening cycle in 2019. Gold futures for February delivery traded 0.4% higher to 1,296.55 on the Comex exchange. “Gold is getting a bit of support out of a dovish Fed and institutional instability […]
The dollar was under pressure early on Thursday after Federal Reserve will pause its rate tightening cycle this year while China-US trade talks reduce demand for safe-haven assets. “The Fed has acknowledged market concerns with its language. The markets are clearly reading into this as a more accommodative stance,” said Michael McCarthy, chief markets strategist […]
The European Banking Authority (EBA) published today the results of its assessment of the applicability and suitability of EU law to crypto-assets. Typically, crypto-asset activities do not constitute regulated services within the scope of EU banking, payments and electronic money law, and risks exist for consumers that are not addressed at the EU level. Crypto-asset […]
