CBI Survey Reveals Improved Manufacturing Orders in November
The Confederation of British Industry (CBI) reported an improvement in its monthly net balance of new manufacturing orders, which rose to -19 in November 2024 from -27 in October. This exceeded market expectations of -25 and marked a modest recovery....
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An Unprecedented Storm Looms Over Bitcoin: What You Need to Know
Bitcoin has long been a symbol of innovation and volatility in financial markets. Today, it stands at the cusp of a transformative era, driven by groundbreaking developments like the launch of Bitcoin ETFs and the introduction of options trading. These...
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UK Inflation Jumps to 2.3% in October 2024
The UK’s annual inflation rate rose to 2.3% in October 2024, marking its highest level in six months. This increase, up from 1.7% in September, surpassed both the Bank of England’s target and market expectations of 2.2%. The inflationary pressure...
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Germany’s Producer Prices Decline for 16th Consecutive Month in October 2024
Germany’s producer prices continued their downward trend in October 2024, falling by 1.1% year-on-year. This marked the 16th consecutive month of deflation in the producer price index, although the decline was slightly smaller than the 1.4% drop recorded in September....
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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 with $1.9 Billion Traded on Day One
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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Bitcoin ETF Options Trading Begins: A New Era for Crypto Investment
The cryptocurrency market is entering an exciting new phase as options trading on BlackRock’s iShares Bitcoin Trust (IBIT) officially begins today on Nasdaq. Following closely, options for the Bitwise Bitcoin ETF (BITB) will launch on Wednesday, according to Bitwise Invest...
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