What's moving markets
More consolidation in financial markets on Thursday and it seems we've entered into a wait and see period as the market tries to fully digest the next steps with respect to coronavirus updates and the US election result.
More consolidation in financial markets on Thursday and it seems we've entered into a wait and see period as the market tries to fully digest the next steps with respect to coronavirus updates and the US election result.
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Yuan eyes global reserve status as Xi vows to curb risks; onshore yuan gains 0.1% vs USD.
Fitch said India’s budget shows ongoing commitment to macro stability, with FY27 deficit consolidation set to be modest and growth seen at 6.4%. Indian equities edged higher, with the Sensex and Nifty 50 turning positive.
AI bubble fears hit Kospi (-4.6%), oil drops $2+, gold down 1%. Warsh nomination rattles futures.
Data suggests historic crash risk under Trump. Traders eye S&P 500's 20% drop potential, watching for valuation shifts.
Bitcoin’s slide to around $75,200 has pushed Strategy marginally below its average purchase cost, but analysts say the firm faces no forced-selling risk. The main impact is slower bitcoin accumulation as equity fundraising becomes less attractive.
Bitcoin near $76K, down 12% YTD; Ether down 23%. Crypto lost $1.7T. Traders shy from dip, downtrend intact.
China's manufacturing PMI hits 50.3, beating forecasts! A rare bright spot amid slowing growth and debt risks.
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