European stocks are expected to open in mixed territory Wednesday as global market jitters over AI tech rivalry between the U.S. and China eases.
U.S. President Donald Trump is getting his wish that interest rates drop across the world, just not at home where a strong economy and uncertainty over his own policies have set the stage for the Federal Reserve to diverge from its central bank peers.
Shares of ASML jumped 10.6% after the Dutch company reported better-than-expected fourth-quarter bookings of 7.088 billion euros ($7.39 billion). Its peers ASM International, BE Semiconductor and Infineon gained between 2.7% and 7.5%. Technology was the top winning sector, soaring 4.5%.
Donald Trump's rapid move to ban a "digital dollar" has left the field wide open, observers say, for China and Europe to make their already-advanced central bank digital currency (CBDC) prototypes into global standard-setters.
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Ales Michl, the governor of the Czech Republic's central bank, asked ECB's General Council to consider the addition of Bitcoin to the country's reserved assets, Reuters reported on Thursday. The country is part of the EU and has a seat on the ECB's general council.
Wall Street futures pointed moderately higher pre-bell Friday as traders weighed the earnings season, and awaited the latest inflation report from Washington. The December personal consumption expenditures core price index (PCE-Core),
The Federal Reserve's favorite inflation gauge is due out this morning. Follow along for live updates on stocks, bonds and other markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite.
Diverging signals about monetary policy from the European Central Bank and Federal Reserve this week have set the euro on a clear path for further weakness.
Saturday could be the best indication so far, when Trump has promised to slap neighbours Canada and Mexico with 25% levies until both illegal migrants and the drug fentanyl stop crossing their borders. In scope for tariffs are a combined trillion dollars of U.S.-bound shipments a year.
The Economic Survey indicated that India's export growth would face challenges due to global economic uncertainties, particularly in Europe and China. It emphasised that domestic growth levers will play a more critical role for India moving forward,