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  • Dec 13, 2024

Bitcoin on Track for Longest Weekly Winning Streak In Over Three Years

(Bloomberg) -- Bitcoin is on track for a seventh consecutive weekly gain, as growing optimism for a crypto-friendly Trump administration fuels what what would be the longest winning streak in over three years.Most Read from BloombergHong Kong's Expat Party Hub Reshaped by Chinese InfluxHow California Sees the World, and ItselfCity Hall Is HiringAmerican Institute of Architects CEO ResignsLondon’s Tube Fares Are Set to Rise by 4.6% Next YearThe last time Bitcoin had a weekly streak this long was

  • Dec 13, 2024

Dollar set for best week in a month on cautious Fed outlook for 2025

NEW YORK (Reuters) -The dollar headed for its best weekly performance in a month on Friday, as investors priced in the possibility of the Federal Reserve cutting rates more slowly next year, while sterling fell after a surprise contraction in UK economic activity. The U.S. currency also rose against the yen after reports that the Bank of Japan could forgo a rate hike at its meeting next week. U.S. data on Thursday showed the job market is gradually cooling in line with expectations, while producer price inflation helped reinforce the market's current scenario of a Fed cut on Dec. 18, but a slower pace of reductions in 2025.

  • Dec 13, 2024

Bond Market Has Worst Week in Months With Less Fed Action Seen

(Bloomberg) -- An orderly selloff in the US government bond market continued for a fifth straight day, with the 30-year bond’s yield posting its biggest weekly increase of the year.Most Read from BloombergHong Kong's Expat Party Hub Reshaped by Chinese InfluxHow California Sees the World, and ItselfCity Hall Is HiringAmerican Institute of Architects CEO ResignsLondon’s Tube Fares Are Set to Rise by 4.6% Next YearDriven in part by shifting expectations the Federal Reserve will cut interest rates

  • Dec 13, 2024

Oil Rises as Possible Iran, Russia Sanctions Temper Glut Outlook

(Bloomberg) -- Oil rose as simmering geopolitical conflicts and the prospect of sanctions on Russia and Iran countered projections for a supply glut next year. Most Read from BloombergHong Kong's Expat Party Hub Reshaped by Chinese InfluxHow California Sees the World, and ItselfCity Hall Is HiringAmerican Institute of Architects CEO ResignsLondon’s Tube Fares Are Set to Rise by 4.6% Next YearWest Texas Intermediate futures advanced 1.8% to top $71 a barrel, notching a weekly gain of about 6% and

  • Dec 13, 2024

Oil up 2%, settles at 3-week high as more sanctions loom on Russia, Iran

NEW YORK (Reuters) -Oil prices climbed about 2% on Friday to settle at a three-week high, on expectations that additional sanctions on Russia and Iran could tighten supplies and that lower interest rates in Europe and the U.S. could boost fuel demand. Brent futures rose $1.08, or 1.5%, to settle at $74.49 a barrel. "This strength is being driven by ... expectations of tighter sanctions against Russia and Iran, more supportive Chinese economic guidance, Mideast political havoc and prospects for a Fed (U.S. Federal Reserve) rate cut next week," analysts at energy advisory firm Ritterbusch and Associates said in a note.

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