Author: Steven Sahiounie

Today promises another series of upbeat indicators reinforcing the higher-for-longer narrative. EUR rates appear to have only just reached fair value, helping to explain why investors still look at them with suspicion. Geopolitical tensions are rearing their ugly head EUR rates are far from stretched. In fact, they’ve just reached fair value After a slow start this week, markets gear up for the release of important sentiment indicators for the month of February. While the PMI surveys contain specific questions on various aspects of economic activity, they remain essentially sentiment indicators. As such, they are subject to the same biases as…

Stocks fall after surveys show US and eurozone private sector activity more robust than expected Stocks fell and government bond yields rose in the US and Europe on Tuesday after further evidence that some of the world’s biggest economies were more robust than expected, raising concerns that central banks would further increase interest rates to tame inflation. The blue-chip S&P 500 fell 1.2 per cent while the Nasdaq Composite slid 1.5 per cent in New York after a closely watched survey of US business activity was far stronger than expected. The US S&P Global composite purchasing managers’ index reading of…

It is not a crazy idea that the UK could avoid a recession but public finance data may weaken the government’s hand in the ongoing pay negotiations with unions. At any other time, any other the chancellor would be quite delighted by the economic data out this morning. According to a key measure of activity (the purchasing manager’s index), the economy is not contracting, but is expanding, at a decent whack too. It may be too early to conclude that the UK will avoid a recession – but nor is it a crazy idea either. Then there is the public finance…

February 21 (SeeNews) – Romanian automotive battery producer Rombat said on Tuesday that it will invest 10 million euro ($10.6 million) in a new production line, the construction of two photovoltaic (PV) parks, staff trainings and office space improvements this year. This is the company’s largest investment in the last decade, Rombat said in a press release. The semi-automated production line will produce heavy duty automotive batteries for heavy tonnage vehicles. One of the two planned solar parks will have an installed capacity of 4.2 MW and will be co-financed with funds from Romania’s National Recovery and Resilience Plan (PNRR).…

In this article, we take a look at the 25 best countries to invest in. You can skip our detailed analysis of the global investment dynamics and go directly to the 10 Best Countries to Invest In. There are trade-offs to investing in different countries. Investing in countries that are lower on the ladder of development is risky but the returns are much more lucrative than developed countries because of relative uncertainty but a lot of room for development. The opposite is true for developed economies. The reason is that the GDP growth is lower in developed countries because the bigger…

Hundreds of such tokens have been issued in the past few weeks. Of this, 132 different tokens have been issued on BNB Chain, the most among blockchains. Nefarious market participants are attempting to cash in on the ongoing ChatGPT craze in technology circles by issuing fake tokens branded after the artificial intelligence chatbot despite having no official association with the tool. Hundreds of such tokens have been issued in the past few weeks. Of this, 132 different tokens have been issued on BNB Chain, 25 tokens on Ethereum and 10 separate tokens on other blockchains such as Solana, Arbitrum, OKChain…

ADA, the ticker for cryptocurrency Cardano, the token that powers the smart-contract-enabled Cardano blockchain, is seeing a modest pull-back on Thursday in the wake of a ferocious two-day rally. Since Monday’s lows under $0.35, Cardano has seen a stunning nearly 18% rally, with ADA/USD last changing hands just above $0.4050. That a little over 3.0% below earlier session highs in the $0.42s, with ADA weighed modestly as short-term bullish speculators take profit. ADA’s latest run higher, which saw it hit its highest levels since early November, comes in tandem with a face-ripping rally seen across the cryptocurrency space – Bitcoin surged nearly 10%…

Bitcoin is struggle to establish a foothold above $25,000, a level that capped the August 2022 price bounce. Bitcoin’s (BTC) upswing has come to a screeching halt at a price level that proved to be a tough nut to crack last year. The leading cryptocurrency picked up a strong bid at the start of the year and has gained nearly 50% since then, outperforming major traditional risk assets. However, the bullish momentum has stalled since Feb. 16, with the cryptocurrency failing multiple times to secure a foothold above the $25,000 mark. The said level offered stiff resistance in August last…

As per the data shared by Santiments, Cardano (ADA) has been the top target of the crypto whales over the past few weeks. Crypto News: The global digital asset market registered some major turbulence over the month of February. Bitcoin (BTC), the world’s largest crypto went on to breach the $25k price level leading the market toward recovery. However, the On-Chain data depicts that the crypto whales have been targeting several tokens over the past few weeks. Crypto Whales Goes For Cardano As per the data shared by Santiments, Cardano (ADA) has been the top target of the crypto whales over the past few weeks. The…

Hong Kong is planning to fully open its doors to crypto asset trading and investment. However, reading the fine print of its crypto regulations proposals reveals a lot of restrictions and hidden catches. Crypto markets have been buoyed by news that Hong Kong may be paving the way for Chinese institutions to invest in crypto. Industry executives have hailed the move as bullish, with some claiming that Asia will drive the next bull market. However, a consultation paper released by the Hong Kong Securities and Futures Commission (SFC) on Feb. 20 paints a different picture. Under a new licensing regime to take effect on June 1,…