Evergrande again nears default as China moves to reassure markets

© Reuters. FILE PHOTO: The China Evergrande Centre building sign is seen in Hong Kong, China, September 23, 2021. REUTERS/Tyrone Siu By Clare Jim HONG KONG (Reuters) – China Evergrande Group shares slumped to a record low on Monday as authorities intervened to reassure markets after the heavily-indebted property developer warned on a coupon payment,

Top 5 Things to Watch in Markets in the Week Ahead

© Reuters By Noreen Burke Investing.com — Developments around the Omicron coronavirus variant will continue to be the main driver of market sentiment in the week ahead and this news flow, together with a hawkish turn by the Federal Reserve, means Friday’s inflation data will be in the spotlight. Broad based market volatility, which saw

Oil rebounds above $71 on Omicron hopes, Iran talks

© Reuters. FILE PHOTO: A maze of crude oil pipes and valves is pictured during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas, U.S. June 9, 2016. REUTERS/Richard Carson By Alex Lawler LONDON (Reuters) -Oil rose by more than $1 a barrel to above $71 on Monday as

European stocks, U.S. futures stage tentative rebound

© Reuters. FILE PHOTO: An electronic stock quotation board is displayed inside a conference hall in Tokyo, Japan November 1, 2021. REUTERS/Issei Kato By Julien Ponthus LONDON (Reuters) – European stocks opened higher on Monday while U.S. futures also traded in the black in a tentative rebound from last week when the spread of the

U.S. Senate passes bill to avert government shutdown, sends to Biden for signature

© Reuters. FILE PHOTO: The sun sets behind the U.S. Capitol dome in Washington, U.S., on midterm election day, November 6, 2018. REUTERS/James Lawler Duggan/File Photo By Richard Cowan and Susan Cornwell WASHINGTON (Reuters) -The Democratic-controlled U.S. Senate on Thursday passed a bill to fund the government through mid-February, averting the risk of a shutdown

Stocks stumble as bond traders turn to jobs data

© Reuters. FILE PHOTO: Passersby wearing protective face masks walk past an electronic board displaying world stock indexes, amid the coronavirus disease (COVID-19) pandemic, in Tokyo, Japan November 1, 2021. REUTERS/Issei Kato By Tom Westbrook SYDNEY (Reuters) – Asian stocks wobbled and risk-sensitive currencies in the region sagged on Friday as investors bet inflation will

One Ethereum Rival Primed for All-Time Highs As ETH Sets Up for Massive Breakout Against Bitcoin: Top Crypto Analyst – The Daily Hodl

Widely followed crypto analyst Pentoshi says that an Ethereum rival is jostling for new all-time highs as ETH also looks ready to fly in its Bitcoin pair. The pseudonymous analyst tells his 375,000 Twitter followers that the chart for Ethereum-scaling solution Polygon (MATIC) is hinting at a sizeable price spike. “Not sure if this has

Crypto Strategist Predicts Strong Bitcoin Bounce, Maps Out Potential Capitulation Levels for Ethereum – The Daily Hodl

A closely followed crypto analyst and trader is saying that Bitcoin is gearing up for recovery as he outlines potential bottom levels for Ethereum. Pseudonymous trader Smart Contracter tells his 193,300 Twitter followers that Bitcoin is flashing signs that the correction is almost over. “No sign of reversal ‘just yet’ but, we just had our

Raoul Pal Details Four Favorite Altcoins After Bitcoin and Ethereum, Outlines ‘Most Important’ Chart in Crypto – The Daily Hodl

Pal also thinks the Ethereum/Bitcoin (ETH/BTC) chart is currently the “most important chart” in the crypto markets. “The ETH/BTC chart is in my opinion the most important chart in digital asset markets right now. A break higher will lead to more risk-seeking into year-end. BTC will go higher too.” Ethereum is trading at $4,125.15, or