Search results for "DEC"
09:44

Crypto Market Shows Growth After Fed Rate Cut, Bitcoin Stable

Gate News bot message, crypto market recorded a 1% increase following the Federal Reserve's decision to implement a 25 basis points rate cut. Leading altcoins demonstrated gains between 4% to 8%, while Bitcoin price held steady. Current market data shows Bitcoin trading at $117,192 with a minor dec
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BTC-0.96%
ETH-2.54%
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15:01

The Federal Reserve cuts interest rates cautiously, and the US dollar surpasses the British pound as the best currency in the G-10.

FXStreet Dec 23 - ING analysts said in a report that the US dollar has outperformed the pound and become the best-performing G10 currency so far this year due to the Fed becoming more cautious about rate cuts. The Fed conducted a highly anticipated 25 basis point rate cut last Wednesday, but also hinted that the pace of rate cuts would slow. As expected, the Bank of England maintained the Interest Rate unchanged last Thursday, but three members voted in favor of a rate cut. According to the latest data from the Commodity Futures Trading Commission, prior to the announcement of these two decisions, the USD Holdings turned to net long positions for the first time since November 5th, while the pound long positions decreased in the week ending December 17th. Long positions are positions that bet on asset price pump.
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G-2.28%
11:45

Hong Kong's end-of-November comprehensive interest rate was 2.20%, a decrease of 10 basis points compared to the previous month.

FXStreet, Dec 19 - The Hong Kong Monetary Authority (HKMA) today released the Composite Intrerest Rate for end-November 2024. The Composite Intrerest Rate, which reflects the average funding cost of the banking sector, stood at 2.20 basis points at the end of November 2024, down 10 basis points from 2.30 basis points at the end of October 2024. The decline in the Composite Intrerest Rate primarily reflects a decrease in the weighted funding cost of deposits during the month.
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19:13

Dollar surges, non-US currencies generally fall

Jinshi data, Dec 19 news, as scheduled by the Fed, the US dollar index DXY short term expanded to nearly 60 points, now reported at 107.54. Non-US currencies generally fell, with the British pound against the US dollar GBP/USD short term declining by over 70 points, the euro against the US dollar EUR/USD short term dropping by 65 points, and the US dollar against the yen USD/JPY short term rising by nearly 70 points.
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22:53

Interbank Certificates of Deposit Interest Rate fell from the “high ground”

Jinshi data, Dec 17th, recently, the downward space of the Intrerest Rate of interbank CDs has gradually opened, and the 1-year AAA interbank CD Intrerest Rate has dropped by more than 20 basis points in the past two weeks. Industry insiders believe that the self-discipline rectification of non-bank interbank deposit Intrerest Rate has been implemented, prompting the interbank deposit Intrerest Rate to come down from the "high ground", and the bank's liability cost is expected to drop, thereby increasing the bank's space for allocating CDs, and also to a certain extent, enhancing the attractiveness of interbank CDs. Xingye Securities believes that in 2024, the lowest basis point spread between interbank CDs and the open market 7-day reverse repurchase operation is 13 basis points. Considering the low probability of another interest rate cut during the year, the low point of the interbank CDs may fall in the range of 1.6% to 1.7%, and the high point may be in the range of 1.75% to 1.8%.
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14:06

Villeluv: should open the door for a larger rate cut in December

On November 28, the European Central Bank Governing Council Villeroy said on Thursday that the European Central Bank should retain the option of further interest rate cuts next month, and its policy Intrerest Rate may eventually fall to the level of stimulating the economy again. Investors expect Europe's Central Bank to cut rates by at least another 25 basis points at its next meeting on Dec. 12, with bets on larger rate cuts in recent days been fluctuation, financial market pricing shows. "From today's point of view, there is every reason for a rate cut on December 12. The magnitude of the rate cut should be left open, depending on upcoming data, economic projections and our risk assessment,"
01:00
Protocol to The Block, Celsius Loan creditors are actively considering appealing Celsius' restructuring plan because they believe the asset recovery rate is lower than expected and the agreement favors some creditors. The creditor group is in discussions with several lawyers to file an appeal based on two key claims. The first claim alleges that the court failed to ensure "fair and equal" treatment between the two groups of creditors. The claims of Celsius Earn creditors were processed earlier this year, weeks earlier than the claims of Celsius Loan customers, which allowed Celsius Earn users to receive higher recovery rates. The second claim challenges a Dec. 27, 2023 order requiring the allocation of $225 million from Celsius' liquidated assets for new mining entities. Some Loan creditors believe that the funds should have been used to enhance the recovery of creditors' funds.
03:45

Gold prices are hovering near two-month highs as hopes of a mid-year U.S. interest rate cut heat up

(1) Gold prices hovered near a two-month high on Monday and are currently trading at $2,081.93 an ounce. Weak U.S. economic data released late last week raised hopes of a Fed rate cut in June, sending the dollar and Treasury yields lower. Gold briefly touched $2,088.19 on Friday, the highest since Dec. 28. (2) The U.S. 10-year Treasury yield and the U.S. dollar index retreated on Friday, as the previous data showed that the U.S. manufacturing sector fell further in February and construction spending unexpectedly fell in January. (3) The market also assessed new issues with U.S. regional bank New York Community Bank (NYCB), increasing the attractiveness of safe-haven assets such as gold. (4) The next big U.S. economic data will be Friday's February jobs report. (5) Last Friday's data showed that in the week ended February 27, the net long position of COMEX gold speculators increased by 3,694 lots to 68,042 lots
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11:07
Odaily News British financial regulator FCA said that in the last three months of 2023, it issued a consumer alert to 450 companies illegally promoting Crypto Assets and called on empowered companies to take their responsibilities seriously. The FCA's rules on promotion came into effect on October 8 last year. The agency said in a report on Wednesday that the alert was issued before Dec. 31. In order to advertise, crypto companies must register with the authorities or have their ads approved by companies that have the authority to do so. These regulations require companies to provide risk warnings and provide a 24-hour cooling-off period for first-time buyers. (CoinDesk)
06:45

Global bonds erased all gains since the Federal Reserve signaled a rate cut last December

The Fed's policy meeting in December signaled a rate cut, driving a rebound in global bonds. Now, unexpectedly strong inflation data from the United States has wiped out the rally. The Bloomberg Global Bond Index is down 3.5% so far this year, erasing all gains since Dec. 12, the day before the Fed announced its decision. The U.S. 10-year Treasury yield surged 14 basis points overnight to 4.31% during Wednesday's Asian session. Japan's 10-year government bond yield climbed 4 basis points at one point. Central Bank presidents led by Fed Chairman Jerome Powell continue to pour cold water on market bets on interest rate cuts starting as soon as March, and global bonds have fallen so far this year. Bond losses accelerated after Tuesday's release of US CPI that rose sharply more than expected, prompting traders to push back their estimates for the Fed's first rate hike until July.
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08:33
PANews News on February 4, according to Cointelegraph, former director of the SEC Internet Enforcement Office John Reed Stark said that the FTX restructuring plan may be a way for the legal team to profit from the Rekt process. Stark posted on social media platform X: "All FTX customers deserve an ironic 'thank you' letter from the Rekt Exchange's legal team for making a significant profit in the Rekt proceedings." In 2024, every member of the legal team will likely be able to afford a new beach house. Stark claimed that he had foreseen that FTX's Chapter 11 restructuring plan was unlikely to materialize and did not see the need to invest in the legal team. FTX, the Rekt Crypto Assets Exchange, spent about $53,000 per hour in legal and consulting fees in the quarter ended Oct. 31 last year, according to recent compensation filings. Documents from Dec. 5 to 16 of the same year show that the Rekt legal team collected at least $118.1 million from Aug. 1 to Oct. 31, an average of $1.3 million per day or $53,300 per hour during those 92 days. Previously, at a hearing in the US Delaware Rekt Court on January 31, Sullivan and Cromwell's FTX lawyer Andy Dietderich clarified that despite extensive efforts, there are no plans to relaunch the FTX (known as FTX 2.0) Rekt framework within the current Chapter 11 framework.
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07:02
Rekt FTX is dumping crypto assets and hoarding cash as bankruptcy advisers look for a way to repay customers whose accounts have been frozen since the platform's collapse in 2022. FTX's four largest subsidiaries — including FTX Trading Ltd. and Alameda Research LLC — nearly doubled their cash reserves at the end of 2023, from about $2.3 billion at the end of October to $4.4 billion, according to the U.S. Rekt Law's Chapter 11 monthly operating report. If other subsidiaries are included, the company's total cash is likely to be higher. The company said in a court filing last month that as of Dec. 8, FTX had raised $1.8 billion through the sale of some of the company's digital assets. FTX also said it is conducting BitcoinDerivatives trading to Hedging its exposure to Bitcoin and earn additional yield from its digital assets, while exploring the possibility of restarting the exchange. [Bloomberg]
BTC-0.96%
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05:07
Japan's 10-year government bond yield rising 3 basis points to 0.745%, the highest since Dec. 12.
01:31

U.S. 30-year Treasury yields hit a year-to-date high after U.S. bond issuance was cold

U.S. 30-year Treasury yields climbed to their highest level this year on Wednesday after 5-year Treasury issuance cooled and the U.S. Treasury is expected to announce a larger bond issuance plan for the February-April period a week later. The yield on the 30-year Treasury note rose more than 4 basis points to 4.407%, its highest level since Dec. 5 last year. Ahead of the issuance of the $61 billion five-year Treasury note at 1 p.m. New York time, Treasury yields of all maturities were higher during the day, buoyed by stronger-than-expected indicators of economic activity in January.
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05:22

Japanese stocks extended losses dragged down by expectations of interest rate hikes by the Central Bank of Japan

Japanese stocks extended losses in afternoon trading amid growing speculation that the Central Bank will phase out negative Intrerest Rates in the coming months. The Nikkei 225 fell 1.1% at one point, and the Topix fell 0.8%. Japan's 10-year government bond yield surged 10.5 basis points to 0.740%, the biggest gain since Dec. 7. The Japanese yen extended its gains, with the yen rising 0.4% to 147.83 against the greenback, following Japanese government bond yields higher. The Central Bank of Japan left monetary policy unchanged on Tuesday, with Governor Kazuo Ueda saying at a news conference after the meeting that certainty of achieving the price target continues to rise.
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01:08

Japan's 10-year government bond yield hits biggest increase in seven weeks The Central Bank of Japan will carry out routine bond purchases

Japan's 10-year government bond yield posted its biggest gain in nearly seven weeks, and the Central Bank is about to launch a routine bond purchase operation. Japan's benchmark 10-year government bond yield rising 6.5 basis points to 0.70%, its biggest gain since Dec. 7. The Central Bank of Japan will conduct bond purchases from 1 to 25 years at 10:10 local time. Central Bank Governor Kazuo Ueda said on Tuesday that confidence in achieving the inflation target had increased slightly.
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06:12

NABE Survey: Analysts are increasingly convinced that the U.S. should avoid a recession in the coming year

(1) The latest survey released by the National Association of Business Economics (NABE) on Monday showed that a growing number of economic analysts believe that the U.S. economy should avoid a recession in the coming year. (2) According to the NABE survey, about 91% of respondents expect the U.S. to fall into a recession in the next 12 months with a 50% chance or less. (3) This is rise from 79% in the October survey, and a far cry from the view a year ago, when most economic analysts believed that the economy would experience a recession as the Federal Reserve raised interest rates to combat high inflation. (4) The apparently rising optimism in the survey is in line with most of the latest economic data, including last week's consumer confidence indicator rising to a two-and-a-half-year high. In addition, inflation is falling faster than expected, and the labor market is cooling but not collapsing. (5) Economic analysts surveyed by NABE expect corporate sales and profit margins to rise this year and say supply chain issues and labor shortages are easing, which could be positive news for the inflation outlook. (6) In the latest survey, about 63% of respondents said there was no shortage of input materials, up from 46% three months ago, and slightly more than half said there was no labor shortage, up from 38% in the previous report. NABE said both were at one of the best levels since the start of the pandemic. (7) According to a survey of 57 NABE members conducted from Dec. 28 to Jan. 9, interest rate hikes, heightened geopolitical instability, and cost rise pose the greatest risks to generally healthy business conditions in the new year.
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03:47

The market lowered bets on the European Central Bank to cut interest rates, and German bonds fell the most in a month

German services PMIs were revised upwards and US employment data improved, driving RBBs lower on the back of real yields. Germany's 10-year government bond yield is set to post its biggest gain since Dec. 8 as money markets sharply taper bets on Central Bank rate cuts, after falling after weak CPI data from several German states; real yields climbed 8 basis points to 0.10%. Traders are betting that the Central Bank will cut interest rates by 152 basis points by the end of the year, compared with expectations of 168 basis points and 165 basis points on Wednesday.
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07:32
According to IT Home on December 31, Nvidia CEO Jensen Huang's worth in 2023 soared to a staggering $44 billion (IT Home note: currently about 313.28 billion yuan), becoming one of the highest-paid entrepreneurs this year. That's an increase of $30.2 billion from the beginning of the year, putting Huang at No. 29 on the Bloomberg billionaires list. The main reason for Huang's skyrocketing wealth is that Nvidia shares have soared nearly 246% this year. As of Dec. 29, Nvidia shares closed at $495.22, propelling Huang to surpass the likes of Bernard Arnault, Warren Buffett and Mukesh Ambani as one of the entrepreneurs with the biggest wealth increases in 2023. Investors' confidence in Nvidia leading the AI revolution is the main driver of the surge in its stock price. Huang owns about 3.5 percent of Nvidia, and his nearly 87 million shares of the company currently have a Market Cap of about $43 billion.
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02:40
🔥 Candidates for "Hot" Post Creation ( Dec 31, 2023) Romel, Brother Muchuan, Orange osmanthus blooms, Small money fan Niu Youm, Extreme Wind + Death Kil, Call the police for blac, K2325, CryptoQuen Rules: 🔹"Creator Award" Candidates: Randomly selected from the "Hot" section on Gate Posts every day 🔹"Comment Award" : Qualified commentators will be randomly selected from the winning creator’s post during the live draw. Join & Win: 1️⃣Publish high-quality content on Gate Posts ➡️ Get displayed on the "Hot" section, you will have a chance to win the $100 "Creator Award" 2️⃣ Leave a qualified comment on "Hot Posts" and win a $50 "Comment Award". Learn more: https://www.gate.io/article/32829 The above prizes will be selected randomly in the live room! ⏰Live Time: 09:00 UTC, Wednesday Book a live broadcast now and grab red envelopes during the live🧧! https://www.gate.io/live/video/6e4a2845645e41bb9187c55d9a6f5d70?type=live
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