PBoC Holds Key Lending Rates Steady in November 2024
In its November 2024 fixing, the People’s Bank of China (PBoC) decided to keep its key lending rates unchanged, aligning with market expectations. The one-year loan prime rate (LPR), which serves as the benchmark for most corporate and household loans,...
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Japan’s Trade Deficit Narrows in October 2024
Japan’s trade deficit saw a significant decrease in October 2024, dropping to JPY 461.25 billion, compared to JPY 702.86 billion in the same month the previous year. The improvement was largely driven by a sharp rise in exports, which outpaced...
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What Does Lower Bitcoin-Ether Correlation Mean for Investments?
Bitcoin (BTC) and Ether (ETH), the leading cryptocurrencies by market capitalization, have long exhibited a strong price correlation, guiding investor expectations and strategies. However, this relationship is evolving, particularly following Ethereum’s Shanghai Upgrade (Shapella hard fork) in April 2023. This...
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BlackRock Bitcoin ETF Options Shatter Records $1.9 Billion
The cryptocurrency and financial markets witnessed a groundbreaking event as options contracts tied to BlackRock’s spot Bitcoin exchange-traded fund (ETF), the iShares Bitcoin Trust ETF (IBIT), recorded an unprecedented $1.9 billion in trading volume on their first day. This remarkable...
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Annual Inflation in the Euro Area Reaches 2% in October 2024
In October 2024, the annual inflation rate in the Euro Area accelerated to 2%, marking an increase from 1.7% in September. This was the lowest inflation rate recorded since April 2021, but the rise was expected and largely in line...
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