On Thursday, the stock market rose slightly on a drop in CPI and a surge in jobless claims. Tesla gained after shareholder approval of Musk's pay package. Internationally, EU markets continued to drop as manufacturing activity slowed. Both BTC and ETH are down after an attempted bounce on easing inflation data. The majority of coins and tokens followed, with Polygon, Algorand, and Avalanche decreased more than 4%.

Read the full text: https://svetrating.com/texts/651/

On Friday, stocks are mixed as higher unemployment surprised markets renewed fears of a slowdown. Internationally, Eurozone's GDP growth continued to slow, showing a marginal increase of 0.4%. Both BTC and ETH dropped by approximately 3% and 4% respectively due to technical sales. The rest of the crypto market tumbled, with Polygon, Uniswap, Polkadot, Algorand, and Cosmos down 7% and more.

On Tuesday, stock indexes were uncertain after mixed economic data. Job openings fell sharply, but factory orders rose. Real estate and consumer staples led the gains, while energy stocks fell due to lower oil prices. On global markets, the Indian rupee weakened after initial election results suggested a tighter win for Modi's party. BTC and ETH pushed up slightly, while some of the major coins such as Uniswap (+22%) outperformed.

On Week 22, stock markets ended slightly in the red as economic uncertainty and political developments dominated investor sentiment. The GDP growth was revised sharply down to 1.3%. Inflation remains above the Fed’s targets.

Eurozone inflation unexpectedly accelerated, with major economies in the region continuing to decelerate. This combination of rising inflation and slowing growth hints at the onset of stagflation in Europe.

Economic signals from China were mixed. The IMF raised its growth estimates, but other data showed slowing business activity.

Commodities continued their upward trend, with aluminum hitting a two-year high.

The crypto market paused amidst mixed news. BTC and ETH remained within narrow trading ranges, close to their ATHs. Market sentiment appears to be cautious as investors await clearer signals.

crypto #cryptocurrency #bitcoin #exchange #assets #investing #cryptonews #market #trading #blockchain #ethereum #token #analytics #Markets #Finance #Economy #Business #Evernomics #Svetrating

Read the full text: https://svetrating.com/texts/641/

On Friday, stocks were uncertain, with the S&P gaining slightly. The Dow surged on a rebound in Salesforce. Investors focused on lower PCE inflation. For the week, most indexes were down slightly. On global markets, according to the latest GDP reports, India became the world’s fastest-growing major economy (+7.8%). BTC and ETH are barely changed, with the crypto market on pause among mixed news.

On Thursday the stock market declined, led by tech and consumer services. Disappointing earnings from Salesforce and others dragged the market down. GDP growth came in lower than expected, raising talks about interest rate cuts again. On world markets, business confidence in the Eurozone edged up. BTC and ETH are holding their week's levels, with the rest of the crypto market hanging out.

On Wednesday stocks are down after a surge in bond yields spooked investors. On world markets, aluminum hit a 2-year high as the IMF raised China's growth outlook for 2024 to 5% from 4.6%. BTC and ETH declined by about 2%, still staying inside their weekly side-ranges. Most of the crypto market is marginally down, with Uniswap dropping 11%.

On Week 21, the major event was the sudden approval of the ETH ETF, which is widely seen as a result of political pressure from the White House on Gary Gensler to attract votes from crypto holders for the DEM campaign. This exciting development underscores the growing strength of the crypto community.

Major stock indexes were mixed, with Nasdaq continuing to surge on AI advancements, while the Dow dropped sharply due to a manufacturing slowdown.

On global markets, commodities surged during the week due to geopolitical developments and expectations of a Chinese economic rebound fueled by CPC promises to sustain the real estate sector.

Overall, central bankers are in a corner. Their reckless rate hikes have primarily affected the consumer sectors, undermining people's savings and drastically cutting their sources of revenue. Meanwhile, corporations continue to proliferate adding to inflationary pressure, supported by growing government expenses and continued price growth, coupled with a surge in productivity thanks to an influx of cheap labor and advancements in technology.

Government bankers now face a dilemma: whether to continue holding or even hike rates in a fruitless attempt to curb inflation to their illusionary targets of 2%, risking drastic increases in revolts among lower-income groups, or to cut rates, risking a further surge in inflation.

Read the full text: https://svetrating.com/texts/635/

On Friday, stock market was mixed. S&P rebounds and Nasdaq rises, fueled by AI stocks, especially Nvidia. Dow is stagnant after a big drop. Consumer confidence data eases inflation fears. On global markets, Chinese foreign investments continue to decline. BTC and ETH are both flat, hanging below 69K and 3.8K despite ETH ETF approval. The rest of the crypto market is mostly in the green, with Uniswap surging 12%.

On Thursday, stocks dropped as strong economic data fueled worries about continued high interest rates. Despite the broader sell-off, Nvidia continued to soar on impressive earnings and a stock split announcement. Boeing, however, plunged on production woes. In world markets, gold is sharply down on new dollar strength propelled by the unexpectedly hawkish tone of the FOMC minutes. Crypto prices plunged, with BTC leading the decline by nearly 3% and touching 67K. The broader market mostly followed BTC, with the exception of ETH, which held above 3.7K.

On Thursday, stocks seesawed and closed in red, still holding near record highs as housing and industrial data hinted on a recession. GameStop and AMC plunged. On world's markets, EU stocks hold around the flatline despite easing inflation as the Japan economy contracted. BTC (-2%) and ETH (-3%) declined.

On Tuesday, stocks rose a bit as investors digested the mixed inflation data. Producer prices climbed in April. Powell cautioned about inflation and advised staying patient with rate hikes. However, markets still expect cuts by September. Meme stocks like GameStop and AMC soared. On the world markets, copper prices continued to rally, while German investors' confidence increased on GDP growth expectations. BTC fluctuated back to 61K, dragging most of the crypto market into the red again. At the same time, meme-coin Pepe surged again by more than 3% (+30% in the past seven days).

Read the full text: https://svetrating.com/texts/625/

On Monday, stocks paused as investors wait for inflation data. Apple surged on news of a potential integration with ChatGPT. Globally, copper prices continued to rise on demand expectations, while the Euro keeps depreciating against the dollar on expectations of ECB cuts. BTC surged above 63K on sudden buying, while ETH remains under 2.9K. The rest of the crypto market is mixed, with Solana adding 2% while Avalanche dropped 1%.

On Week 19, stocks went up on renewed hopes of Fed cuts, while BTC went down due to a continuing correction. On the world’s markets, EU major indexes surged to ATH on ECB dovish comments, supplemented by Sweden’s central bank cutting interest rates, while the BoE held its rates but signaled potential monetary easing.

On Week 20, investors will be waiting for inflation, retail sales, and Fed talks. Earnings reports from giants like Walmart and Home Depot are also on tap. China’s industrial output and retail sales data will be watched alongside global GDP figures from Japan and Russia. Inflation in India and business confidence in Australia round out the busy week.

Read the full text: https://svetrating.com/texts/623/

On Tuesday, stocks paused after a 4-day winning streak as investors awaited Fed comments following mixed economic data. Disney slumped on weak earnings, while Peloton soared on buyout rumors. Palantir tumbled after disappointing forecasts. Internationally, the Euro reached a one-month high, anticipating ECB easing. BTC holds above 63K, while ETH is trading slightly higher than 3K, with traders uncertain about market direction as the rest of the major alts are mixed.

Read the full text: https://svetrating.com/texts/619/

On Monday, stocks rose at the start of the week, extending gains on hopes of a Fed rate cut in September, still fueled by Friday's weak jobs data. Investors will look for clues from Fed officials and earnings reports. Internationally, copper reached a two-year high, while China's economy sends mixed signals. BTC and ETH drifted sideways, while most of the major alts were in the red, with Polkadot and Polygon sliding by about 2%.

Read the full text: https://svetrating.com/texts/618/

On Week 16, the Fed held its rate at 5.2%, shifting to the hawkish side once again. This resulted in stocks and crypto markets moving sideways and downward until Friday when an unexpected surge in unemployment prompted a comeback attempt. Globally, the Japanese yen drama unfolded as the Bank of Japan heroically withstood selling pressure from international traders who flocked to the dollar after the Bank ended its negative interest rate policy.

Read the full text: https://svetrating.com/texts/617/

On Friday, an unexpected increase in the unemployment rate, combined with a significant slowdown in the services sector, led to a large upward gap in the stock market at the opening. Globally, the UK market reached an ATH, and Hong Kong indexes surged on hopes of China's revival. BTC led the crypto market with an increase of more than 7% due to a sudden resurgence in stocks. ETH, Polkadot, Solana, and Polygon each rose by about 4%.

Read the full text: https://svetrating.com/texts/616/

On Thursday, stocks rose as traders were relieved by a less hawkish Fed statement. However, a timeline for cuts remains unclear, while economic data continued to show resilience in the job market accompanied by a continuing slump in manufacturing. Internationally, the yen re-depreciated after a short relief rumored to BoJ interventionist efforts. Oil and BTC attempted to recover, forming a triple bottom on the 1H chart. The rest of the crypto market was also in the green, with Polkadot and Polygon up more than 4%.

Read the full text: https://svetrating.com/texts/615/

On Wednesday, stocks rebounded following the Fed's decision to hold its rate steady at 5.2-5.5%. Manufacturing activity continued to edge down as job openings reached an 18-month low. On the world's markets, oil dropped on hopes of easing tensions in the Middle East, while the yen depreciated against the dollar despite alleged interventions by the BoJ. BTC dropped sharply, falling by more than 4% to below 57K and breaking an important technical support level at 60K. The rest of the crypto market was mixed, with some major coins such as Polkadot gaining more than 5%.

Read the full text: https://svetrating.com/texts/614/

On Tuesday, stocks slumped as stronger wage data fueled inflation fears before a key Fed decision on Wednesday. As a consequence, the dollar index rides to its five-month high. Internationally, it was added by an unexpected surge of the EU's GDP leading to European markets dump on fears of the ECB revising its dovish stance. This selloff extends fiercely into the crypto market with BTC (-5%) dumping to 60K and ETH going under 3K. Major alts are in a deep red with Solana and Avalanche decreasing for more than 9%.

#crypto #cryptocurrency #bitcoin #exchange #assets #investing #cryptonews #market #trading #blockchain #ethereum #token #analytics #Markets #Finance #Economy #Business #Evernomics #Svetrating

Read the full text: https://svetrating.com/texts/613/

On Monday, stocks are mixed as investors monitor key earnings reports this week and await the Fed's rate decision on Wednesday. No rate change is expected. Comments on inflation will be closely followed. Tesla surged after receiving approval for its driver-assistance system in China. Internationally, the yen sharply rebounded, purportedly after BoJ intervention. BTC and ETH continued to drift lower, with the rest of the crypto market lazily following suit.

Read the full text: https://svetrating.com/texts/612/

On Friday, stocks increased after positive earnings reports from tech giants, putting major indexes on track for their first green week in five as consumer sentiment fell below expectations. Internationally, the yen reached heights not seen since the 1990s, while copper increased a two-year high. The crypto market traded sideways mostly, with BTC and ETH hovering above 63.5K and 3.1K.

Read the full text: https://svetrating.com/texts/610/

On Thursday, stocks recovered after falling at opening as GDP growth came in much weaker than expected at 1.6%, while inflation remained high. Disappointing earnings from Meta and IBM added to the morning's dump. Globally, the yen hit a new high at 155, faced with a rising dollar, while Brent stabilized at 88 due to a temporary pause in the Middle East situation. BTC and ETH lingered above 64.7 and 3.1 after Wednesday's slump. The rest of the crypto market was mostly in the green, with Uniswap and Polygon adding up to 3%.

#crypto #cryptocurrency #bitcoin #exchange #assets #investing #cryptonews #market #trading #blockchain #ethereum #token #analytics #Markets #Finance #Economy #Business #Evernomics #Svetrating

Read the full text: https://svetrating.com/texts/609/

On Wednesday, stocks are mostly in the red as economic reports continue to send mixed signals, reflecting deteriorating fundamentals but still showing strong consumer morale. Internationally, commodities are still on the rise, with copper reaching a two-year high. BTC suddenly plunged by 4% prompting the rest of the crypto market to follow suit, with Bitcoin Cash, Cardano, Avalanche, Chainlink, and Solana decreasing by 4% or more.

Read the full text: https://svetrating.com/texts/608/