Bitcoin fell 0.4% to $67 994.7.
US stock futures rose as tech stocks climbed and investors awaited trading cues in a busy week with policy decisions due from the Federal Reserve and Japan.
While Fed Chairman Jerome Powell indicated the central bank was close to having the confidence to cut, bond traders appear to have painfully surrendered to a higher-for-longer reality. The 10-year Treasury yield held near a three-week high on Monday, having risen more than 20 basis points last week. A gauge of the dollar was steady.
Priced in In Japan, the Nikkei 225 index climbed the most in a month and the yen traded weaker against the dollar, amid signs markets have priced in the potential for an interest-rate increase.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
OpenAI's Reported Plan to Develop a Web Search Product Raises Concerns for AlphabetAlphabet's stock fell after a report that OpenAI is developing a web search product to compete with Google, raising concerns about the risks to Google's search business. Analysts believe it won't be easy for OpenAI to create a viable competitor in the search market.
Read more »
Why Bitcoin retreated after hitting record R1.3mInvestments | Why Bitcoin retreated after hitting record R1.3m
Read more »
Asian stocks drop after global markets fall on tech sell-offAsian shares mostly slumped on Wednesday after global markets fell as traders locked in profits following recent tech-driven rallies. Traders were underwhelmed and global equities wobbled.
Read more »
Asian markets join rally after Wall St, European recordsAsian markets on Friday tracked a record-breaking day in New York and Europe as traders grew increasingly optimistic for a series of US interest rate cuts this year, with attention now on crucial jobs data due later in the day.
Read more »
Asian markets fall as US jobs report dampens rate cut hopesAsian markets mostly fell Monday after a forecast-busting jobs report dampened US interest rate cut hopes, with attention now turning to the release of key inflation data this week.
Read more »
South African Markets Close in the Red as Investors Await US Inflation DataSouth African markets closed in the red yesterday, led by losses in mining sector stocks and as investors await key US inflation data. Diversified miners, Kumba Iron Ore, Anglo American, African Rainbow Minerals and Exxaro Resources dropped 7.3%, 2.5%, 1.5% and 1.4%, respectively.
Read more »