Author: admin

“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…

The euro area economy grew by 0.3% in the first quarter of 2024, beating expectations and recording the highest growth since the third quarter of 2022. Annual inflation remained stable at 2.4%, while core inflation slowed to 2.7%, likely paving the way for the ECB's first interest rate cut. In June. advertisementEconomic growth in the euro zone in the first quarter of this year exceeded economists' expectations, with annual inflation showing a stable performance in April compared to the previous month. This halted the downward trend that began in January, but also provided some encouraging signs ahead of an expected…

Stay informed with free updatesJust sign up for cryptocurrency myFT Digest — delivered straight to your inbox.Latest ETF newsVisit our ETF hub to learn more and explore in-depth data and comparison tools.Hong Kong's first spot crypto exchange-traded fund (ETF) began trading on Tuesday, as Asia's financial hub takes on the United States for supremacy in the growth market.The development follows the launch of similar products in the U.S. in January by groups including BlackRock and Fidelity Investments, with both groups attracting billions of dollars in investments, and Bitcoin in March. This helped push the price to an all-time high of…

Hong Kong on Tuesday (April 30) launched six spot Bitcoin and Ether exchange traded funds (ETFs) in a historic move for the Asian crypto market. ETFs issued by China Asset Management (China Asset Management, China Asset Management, Vocera Asset Management, Harvest Global Investments) allow mainstream investors to actually purchase Bitcoin and Ethereum. You can incorporate Bitcoin and Ethereum into your portfolio without having to do anything. According to data from the Hong Kong Stock Exchange (HKEX), the six ETFs recorded a total trading volume of HK$49.4 million (US$6.3 million) in the morning session of the first day of trading. ChinaAMC's…

Disclaimer: This article is a sponsored press release and does not constitute editorial content on Finbold. Crypto assets and crypto products involve significant risks. Do not invest unless you are prepared to lose your entire investment. Please see our full disclaimer. Bitcoin ETFs have experienced wild ups and downs this year. After a tepid few months, something unexpected is happening in the world of crypto investing. A new wave of investors is gaining attention, but they are not your typical crypto enthusiasts. These fresh faces are reinvigorating Bitcoin ETFs, reigniting interest and reinvigorating this innovative form of investment. The excitement…

View showing the European Central Bank (ECB) building in Frankfurt, Germany, September 14, 2023. Wolfgang Rattay/Reuters The euro zone economy has emerged from recession with stronger-than-expected growth in the first quarter of 2024 and inflation is under control, official data showed on Tuesday, April 30. This figure is unlikely to stop the European Central Bank (ECB) from cutting interest rates in June. Economists say that despite the growth rate, it is in line with expectations. Growth in the 20-nation single currency bloc reached 0.3% quarter-on-quarter in the first three months of this year, the EU's official data agency said. Analysts…

Official data on Tuesday showed the euro zone economy grew faster than expected in the first quarter of 2024, emerging from recession with inflation under control.Despite the growth rate, economists say the numbers are unlikely to prevent the European Central Bank (ECB) from cutting interest rates in June as expected.Growth in the 20-nation single currency area reached 0.3% quarter-on-quarter in the first three months of this year, the EU's official data agency said. Analysts polled by FactSet and Bloomberg had expected 0.1%.But the figures show that the eurozone economy entered a technical recession in the second half of last year,…

Eurozone core inflation fell from 2.9% to 2.7% in April, with services inflation slowing the most. Compared to April last year, the headline numbers were flat as food inflation accelerated from 2.6% to 2.8% and the decline in energy prices slowed, from -1.8% to -0.6%. . This was roughly in line with expectations, although core inflation was slightly higher than expected. Yesterday's German inflation figures raised concerns about the “stickiness” of an upward trend again, according to European definitions. These concerns exist in quite a few countries. Consider Spain, where inflation has also risen again, and France, where energy inflation…