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Frankfurt and Paris stocks fell, but the euro rose against the dollar, with figures showing the euro zone economy emerged from recession as inflation came under control in the first quarter. The euro then gave up its rise and began to fall.Meanwhile, the London market soared to a new high of 8,199.95 points, and HSBC soared more than 4% on a raft of share buybacks, despite a drop in first-quarter profits and the resignation of its chief executive. However, the FTSE 100 index was unable to maintain its gains and closed lower.Gross domestic product (GDP) in the euro zone, which…

New growth figures and inflation data for the eurozone have been released on Tuesday as the FTSE pushed higher against its European peers. (Kent Johnson)The FTSE 100 (^FTSE) pushed higher against its European peers on Tuesday as traders digested new growth figures and inflation data for the eurozone.It managed to escape recession, beating growth forecasts for the start of this year, with gross domestic product (GDP) across the single currency bloc expanding by 0.3% in the January to March period.This means that the eurozone’s shallow technical recession is over after GDP shrank by 0.1% in both the third and fourth…

As the crypto world braces itself in the aftermath of Bitcoin's fourth halving, investors are eagerly seeking insight into the future trajectory of BTC prices. Following recent fluctuations in the global cryptocurrency market, many are considering a pressing question: Will Bitcoin price fall below the critical $60,000?Take a closer look at the analysis provided by Recto Capital and explore potential scenarios. Over the past 60 days, Bitcoin has been in the $60,000 to $70,000 range. This consolidation phase is reminiscent of the price pattern observed after the 2016 halving event, rather than his recent 2020 halving event. Danger zone after…

NEW YORK, NY, April 30, 2024 (Globe Newswire) — As the crypto landscape continues to evolve, the pressing question on investors' minds is whether the two major digital assets, Bitcoin and Ethereum , whether it can withstand the challenges posed by future cryptocurrencies. Halving event. Halvings, which programmatically reduce the rewards miners receive for validating transactions, have historically caused intense speculation and debate within the crypto community. Pioneering cryptocurrency platform Toobit provides insight into the potential impact of the Bitcoin and Ethereum halving. According to Toobit analysis, both Bitcoin and Ethereum face unique challenges and opportunities as they approach their…

2024-04-30 07:37:01 Eastern Standard Time Hong Kong made history by launching Asia's first Spot Bitcoin and Ethereum exchange-traded fund (ETF) at an event attended by the country's leading financial market players. ETFs issued by prominent Chinese companies such as China Asset Management, Vocera Asset Management, and Harvest Global Investments represent an important milestone in the region's financial landscape. The debut of six spot crypto ETFs caught the attention of investors, with the spot Bitcoin ETFs by China AMC, Bosera Hashkey, and Harvest all experiencing gains of over 3% in early trading, but have since fallen by around It fell to…

The eurozone economy grew by 0.3% in the first three months of the year, beating market expectations and raising the possibility of a June interest rate hike. JPMorgan global market analyst Natasha May said this “meaningful increase” in economic growth, along with a decline in core inflation to 2.7%, puts the European Central Bank (ECB) in an ideal situation. He said that he is paving the way for “Higher frequency indicators such as PMI are also on the rise, and this number is a clear reason for optimism,” she added. “And while headline inflation remained stable in April thanks to…

Eurozone stocks fell on Tuesday, weighed down by a strong euro as investors digested positive economic news, while Wall Street stocks fell on disappointing data.Frankfurt and Paris stocks fell, but the euro rose against the dollar, with figures showing the euro zone economy emerged from recession with subdued inflation in the first quarter. The euro then gave up its rise and began to fall.Meanwhile, London markets soared to a new high of 8,199.95 points, and HSBC soared more than 4% on a raft of share buybacks, despite a drop in first-quarter profits and the resignation of its chief executive. However,…

“The eurozone economy is finally showing meaningful growth again,” said Bart Collin, senior economist at ING, citing lower energy prices and a return to consumer purchasing power as drivers of growth. Importantly, Germany, the region's largest economy, marked a return to growth with GDP expanding by 0.2% after contracting in both the previous two quarters. France saw a similar increase, while Spain and Portugal both recorded an impressive 0.7% increase. The Italian economy has also recovered, with a growth rate of 0.3% in the fourth quarter of 2023 compared to her 0.1%. Monthly figures suggest that services are the main…

(Bloomberg) — A series of exchange-traded funds that invest directly in cryptocurrencies debuted in Hong Kong on Tuesday, ushering in potential competition for U.S. bitcoin products whose popularity has sparked a record rally for the digital asset. became.Most Read Articles on BloombergA partnership between Harvest Global Investments, the local arm of China Asset Management, Hashkey Capital and Vocera Asset Management (International), has listed Bitcoin and Ether ETFs respectively in the city. .The level of capital demand will provide a clue as to whether Hong Kong's push for a highly regulated digital asset hub is gaining momentum. Officials hope the cryptocurrency…

The eurozone's shallow technical recession ended with gross domestic product (GDP) contracting by 0.1% in both the third and fourth quarters of last year. (Sipa US, Sipa US)It has become clear that the eurozone's growth rate has exceeded expectations set at the beginning of this year, allowing it to emerge from recession. Gross domestic product (GDP) across the single currency area expanded by 0.3% in the January-March period, statistics agency Eurostat said on Tuesday.This means the eurozone's shallow technical recession is over, after GDP contracted by 0.1% in the third and fourth quarters of last year.It was also the euro…