Soggy tones again on the official openings 1 March
Equities off to a softer start as the fragile conditions prevail.
Equities off to a softer start as the fragile conditions prevail.
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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.
Japan's $7.3T JGB market jitters: yields spike 25bps, yen tumbles. Domestic holdings limit flight risk, but debt-to-GDP >200%.
China’s official PMI slipped back into contraction in January, signalling that domestic weakness has carried into 2026, ING said. Private PMI data were firmer, underscoring a reliance on exports as services activity also softened.
Japan’s government spokesperson said it won’t comment on FX levels and that PM Takaichi was not endorsing a weak yen, but seeking an economy resilient to currency swings. The clarification comes as election risks keep markets on edge.
Argentina buys $808M SDRs from US Treasury for IMF payment; a move to manage debt amid currency concerns.
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