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...In currency markets, the strong retail sales figures boosted the US dollar index, which tracks the world’s dominant currency against six international peers....
...US stocks turned lower on Monday as investors assessed a blockbuster retail sales report that indicated a strong consumer in a US economy that is still running hot....
...Expectations of fewer US rate cuts have also sparked a slump in emerging market currencies against the dollar, prompting interventions by Asian central banks, including Indonesia and South Korea....
...US stocks closed lower for the third session in a row on Tuesday after Federal Reserve chair Jay Powell warned interest rates are likely to stay at current levels for “longer than expected” to tame inflation...
...Most of the nearly $500bn increase in assets under management in the first quarter was due to rising equity markets. In the US, the S&P 500 had its best first quarter since 2019....
...That stacks up against 0.13 per cent in the six and a half hours that the US stock market is open, according to CCData....
...The ZiG, which stands for Zimbabwe Gold, will have an initial value of 13.56 to the US dollar, Mushayavanhu said, after the former currency lost over three-quarters of its value this year alone to trade...
...The token — a Sam Bankman-Fried favourite — plummeted to a low of $13 days in the immediate aftermath of FTX’s collapse....
...A more substantial 13% gain was seen ahead of the July 2016 event. Most recently, there was a sizeable 27% price increase in the month before the May 2020 halving....
...The S&P 500 rose as much as 0.6 per cent in early trading, but gave up most of the gains and was up just 0.1 per cent by mid-afternoon....
...“We do not want, and will never accept, a situation where bitcoins are confiscated by the UK and not returned to us.” UK authorities have not made clear how they will deal with the seized bitcoin....
...It’s only barely enough for inclusion into the S&P 500....
...This accounted for a record 27 per cent of all global equity ETF flows, compared with just 9 per cent in 2022, 13 per cent in 2021 and 1 per cent in 2020....
...Wall Street’s benchmark S&P 500 rose 0.1 per cent in early trading in New York, while the tech-heavy Nasdaq Composite was flat....
...The latest number was unchanged from the government’s forecast in January. Humana, with significant exposure to Medicare Advantage, was the biggest loser in the S&P 500....
...Tech stocks, which played a leading role in propelling the S&P 500 to a record high in January, fell on Wednesday....
...The country’s Kospi index shed 1.3 per cent in early trading, while the won was the only major Asian currency to rise against the dollar, edging up 0.1 per cent to Won1,350.15....
...However, the monthly rate fell to 13.2 per cent on average in February from a 20.6 per cent rise in January — a sharper decline than most economists expected....
...Humana, which has significant exposure to Medicare Advantage plans, was the biggest loser in the S&P 500....
...Much like the US tech giants hauling the S&P 500 higher, bitcoin is also dragging other prices along with it....
...The US group said on Thursday it would waive fees for 60 days for customers wanting to trade cryptocurrencies on its professional market, if they have traded more than $500,000 a month on a rival exchange...
...Wall Street’s benchmark S&P 500 was down 0.3 per cent shortly after the opening bell in New York, pulled lower by declines for megacap technology stocks....
...Of those that did share — and certify — their revenues, the 500 fastest-growing are listed in the table....
...Zillow and Douglas Elliman each fell more than 13 per cent on the day. Central banks in the US, UK, Japan, Australia and Mexico all announce interest rate decisions next week....
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