(Bloomberg) — Bitcoin climbed to the highest level in two weeks as a mixed reaction to China’s latest stimulus efforts emboldened wagers that speculators will chase after cryptocurrencies rather than the nation’s stocks.Most Read from BloombergThe largest digital asset rose as much as 2.8% on Monday before paring some of the increase to change hands at $63,890 as of 6:55 a.m. in London. Smaller tokens including second-ranked Ether and top-10 coin Solana advanced too.China is striving to revive its economy but a highly anticipated weekend policy briefing failed to specify exactly how much fiscal stimulus the government plans to inject.…
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Image source: Vodafone Group plc Vodafone’s (LSE: VOD) share price has more than halved in the past five years. Part of this came from big shocks to the financial markets over the period, including Covid and rising inflation and interest rates. The rest can be attributed to a lacklustre performance by the company during that time. However, such a huge fall in price raises the question to me of whether the stock is now an equally huge bargain. Relative stock valuation My starting point in answering this is to look at how it rates on one of the key stock…
A shipping container and gantry cranes at the Yangshan Deepwater Port in Shanghai, China, on Thursday, Oct. 10, 2024.Bloomberg | Bloomberg | Getty ImagesBEIJING — China’s exports grew by 2.4% in September from a year ago in U.S. dollar terms, while imports rose by 0.3%, customs data showed Monday.Both figures were well below expectations. China’s exports were forecast to have risen by 6% year-on-year in September in U.S. dollar terms, according to a Reuters poll. That would be slower than the 8.7% increase in August.Imports were expected to have climbed by 0.9% in September from a year ago, according to…
By Vidya Ranganathan SINGAPORE (Reuters) -The dollar held onto its gains and even extended some in Asian trading on Monday as a holiday in Japan sapped liquidity, leaving China’s somewhat disappointing weekend stimulus announcements the focus of market attention. The euro was down 0.13% at $1.0922 and the pound was listless but fell 0.2% at one point. The dollar was up 0.13% against the Japanese yen at 149.2750. The was just above 103 and closing in on last week’s peak, its highest since mid-August, on the back of traders reducing bets on further jumbo rate cuts by the Federal Reserve…
Volatility is a given in Cryptocurrencies and making the right investment moves can be tricky. Whether you’re a seasoned investor or a novice in the crypto space, having a well-rounded strategy is crucial to mitigate risk and maximize returns. Below, we explore several proven methods, including Dollar-Cost Averaging (DCA), Buy and Hold (HODL), Value Investing, and more, to guide you on your crypto investment journey.Key TakeawaysExplore the top crypto investing strategies to yield maximum returnsUnderstand the pros and cons of each strategyLook at an example of how each strategy functionsGet answers to some commonly asked questions8 Best Crypto Investing Strategies…
Image source: Getty Images UK shares have performed strongly over the past year. Since October 2023, the FTSE All-Share index, which accounts for 98% of equities (by value), has risen 9%. But I’ve noticed a few warning signs that this might not last. And as someone who’s heavily invested in the UK stock market, this makes me nervous. Disappointing earnings For example, last week (11 October), Hays (LSE:HAS) — “the world’s leading recruitment experts” — issued a downbeat trading update. During Q3 2024, net fees were down 15%, compared to the same period in 2023. The fall was 20% in…
By Hyunsu Yim and Jack Kim SEOUL (Reuters) – North Korea is getting ready to blow up roads that cross the heavily militarised border with South Korea, Seoul said on Monday, amid an escalating war of words after the North accused its rival of sending drones over its capital Pyongyang. North Korean troops were working under camouflage on the roads on its side of the border near the west and east coasts that are likely preparations to blow up the roads, possibly as early as on Monday, South Korea’s military spokesman said. Last week, North Korea’s Army said it would…
Investing.com — BofA Securities has initiated coverage on Elia Group (EBR:), Europe’s fastest-growing electricity transmission system operator, with an “underperform” rating and a price objective of €86, representing an 11% downside from its share price of €96.60. While Elia’s rapid expansion in electricity grid investments positions it as a key player in Europe’s energy transition, BofA analysts raised concerns over several financial and operational challenges that could impede its growth. The primary concern flagged by BofA analysts is Elia’s €30.1 billion capital expenditure program planned for 2024-2028, which will drive a substantial increase in its regulated asset base, projected to grow…
(Bloomberg) — As Boeing Co. lurches from one crisis to the next, there’s been one constant for the embattled planemaker: Its predicament appears to be only getting worse.Most Read from BloombergFrom a freak accident that blew a door-size hole into the fuselage of an airborne 737 Max to revelations of sloppy workmanship and now a crippling strike entering its second month — the icon of US manufacturing been beset by trouble since the first days of January. Cash is dwindling, plane production is anemic and the stock is heading for its worst annual performance since the financial crisis in 2008.Now…
Die Aussicht auf weiter fallende Zinsen, gute Quartalszahlen und das Ausbleiben einer US-Rezession stützen die Kauflaune. Höhepunkt der Woche: die EZB-Sitzung am Donnerstag.14. Oktober 2024. FRANKFURT (Börse Frankfurt). Ein gelungener Auftakt der US-Berichtssaison am Freitag sorgt für Rückenwind auch hierzulande, wichtiger bleibt allerdings die Aussicht auf weiter sinkende Zinsen. „Zinsfantasie ist derzeit der Treibstoff, der die Aktienmärkte am Laufen hält“, erklärt Claudia Windt von der Helaba. Der DAX steht am Montagmorgen bei 19.367 Punkten nach knapp 19.374 Zählern am Freitag zu Handelsschluss. Das Rekordhoch von 19.491 Zählern von Ende September bleibt somit in Sicht. In den USA hatten Dow Jones und…