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Bitcoin tanks 8%, ethereum drops 11% as China intensifies crackdown on cryptocurrencies
Bitcoin and ethereum tumbled Friday, with traders rattled by tough talk out of China.
China’s central bank says all cryptocurrency-related activities are illegal, vows harsh crackdown
China’s central bank renewed its tough talk on bitcoin, calling all digital currency activities illegal and vowing to crack down on the market.
New rules for investing in China: Lessons from Beijing’s education crackdown
As investors reel from Beijing’s regulatory crackdown, the fallout in areas like tutoring can be a guide to what went wrong, and where future opportunities lie.
Dow trades near flat Friday as markets wrap up volatile week, Nike and crypto shares drop
A move by China to ban cryptocurrencies hit the tech sector and Nike shares fell as supply chain issues hit the sneaker giant.
Here’s what will happen when the Fed’s ‚tapering‘ starts, and why you should care
The Federal Reserve will likely start to tiptoe into the unknown before year-end.
Nike shares fall as supply chain havoc leads retailer to slash revenue forecast
Nike shares dropped after the sneaker giant said supply chain congestion is hurting the business more than it previously anticipated.
ForexLive European FX news wrap: Cryptocurrencies plunge on China crackdown, equities down
Forex news from the European trading session – 24 September 2021
Headlines:
Markets:
– CHF leads, AUD lags on the day
– European equities lower; S&P 500 futures down 0.4%
Headlines:
Markets:
– CHF leads, AUD lags on the day
– European equities lower; S&P 500 futures down 0.4%
Latest polls continue to pin German conservatives behind ahead of election weekend
German election to take place on Sunday, 26 September
Meanwhile, the Ipsos and FSG Wahlen polls earlier show that the gap is narrowing a touch but the CDU/CSU are still on the backfoot and it will be a challenge for them to come out on top this coming Sunday.
Meanwhile, the Ipsos and FSG Wahlen polls earlier show that the gap is narrowing a touch but the CDU/CSU are still on the backfoot and it will be a challenge for them to come out on top this coming Sunday.
Risk keeps on the softer side so far on the day
European equities modestly lower, US futures also down
All of this is keeping the dollar steadier overall with commodity currencies the laggards still on the day. AUD/USD is down 0.4% to 0.7265 and near the lows currently, but the pair continues to hold in between its key hourly moving averages of 0.7259-84.
All of this is keeping the dollar steadier overall with commodity currencies the laggards still on the day. AUD/USD is down 0.4% to 0.7265 and near the lows currently, but the pair continues to hold in between its key hourly moving averages of 0.7259-84.