Investing.com - Cryptocurrency prices slipped on Thursday, while Ethereum co-founder Joseph Lubin’s comments raised some eyebrows as he said the surge in crypto prices last year was bubble.
Investing.com - Gold prices dropped on Thursday while the U.S. dollar also slid despite higher demand in safe-haven assets amidst the Turkish lira crisis.
European stocks rose slightly in early trading on Thursday, partially reversing steep declines in the previous session, which came on the back of falling commodity prices and ongoing uncertainty surrounding the currency crisis in Turkey.
"These are just minor knee-jerk reactions in the absence of major catalysts," said Astha Jain, senior research analyst with Hem Securities in Mumbai. Jain expects the BSE Sensex to hit 38,200 and the NSE Nifty to touch 11,700 over the next one-month period in the absence of any strong negative factors. The benchmark BSE Sensex was flat at 37,849.06.
Turkey’s currency crisis is sending ripples through global financial markets, but analysts say it isn’t necessarily a death sentence for all emerging-market currencies.
MUMBAI (Reuters) - The Indian rupee dropped to a record low in opening deals on Thursday with investor sentiment affected by a widening trade deficit on the domestic front and the broad rise in the U.S. ...
The Dollar slides early, with the Asian equity markets rebounding from heavy losses early as hopes of a U.S – China agreement on trade surface.
Investing.com - Metal prices were hurt by an ongoing rise in the dollar and worries that an economic crisis in Turkey could spread to emerging markets which would hit already fragile demand for commodities.