Author: News Room

A look at the day ahead in European and global markets from Ankur Banerjee A series of manufacturing data will likely dominate markets’ attention on Friday, with the euro rooted near its lowest in more than 13 months, while bitcoin edged towards $100,000 on expectations of friendlier regulations in the United States. India-listed shares of Adani Group firms slid and their dollar bonds remained under pressure for a second day following billionaire founder Gautam Adani’s indictment for fraud by U.S. prosecutors. Monthly PMIs will be released around the world over the course of the day, helping investors to chart out…

EUR/USD continues to lose ground as the US Dollar appreciates due to the increasing likelihood of slower Fed rate cuts. The Euro weakens as the ECB is anticipated to reduce Deposit Facility Rate by 25 basis points in December. The US Dollar Index hovers near its recent yearly high of 107.15, which was recorded on Thursday. EUR/USD remains on a downward trend for the third consecutive session, hovering around 1.0470 during the Asian trading hours on Friday. The pair dropped to a low of 1.0462 on Thursday, a level not seen since October 2023. This decline is driven by the…

A Wall Street analyst has suggested that XRP could soar to as high as $33 based on historical price patterns and a 4-year cycle that has previously driven massive gains. XRP has recently seen its price double, surpassing the $1 mark for the first time in years. This has triggered optimism among investors that the digital asset is poised for continued growth. Linda Jones, a renowned Wall Street analyst, predicted that XRP could surge to as high as $33 by 2025. She cited a historical 4-year price cycle that has previously fueled major gains for XRP. According to Jones, technical…

Donald Trump has surrounded himself with people who have competing views on AI regulation.Elon Musk, for example, has supported more AI regulation in the past.JD Vance, on the other hand, has called for less focus on regulation and more on innovation.Some Silicon Valley veterans are betting that president-elect Donald Trump’s new administration will make AI development a top priority.”The campaign by woke Big AI to gain a regulatory capture cartel in Washington just imploded,” venture capitalist Marc Andreessen, who endorsed Trump and donated $2.5 million to a pro-Trump Super PAC, posted on X recently. “Stick a fork in it, it’s…

Netflix’s first original Japanese drama, “Last Samurai Standing,” is set to be released next year.The historical drama is set in Japan’s Meiji period and features Junichi Okada as the lead actor.The popularity of non-English shows has led Netflix to double down on them.FX’s “Shōgun” was one of the year’s most successful shows. In 2025, Netflix plans to release its own original Japanese historical drama.The series, “Last Samurai Standing,” was announced in April and showcased during Netflix’s first International Showcase on Monday. The historical drama is set in the late 19th century during Japan’s Meiji period and is based on Shogo…

By Satoshi Sugiyama TOKYO (Reuters) – The Bank of Japan will raise interest rates again at its December meeting as a strengthening economy and concerns over the depreciating yen prompt policymakers to act, according to just over half of economists in a Reuters poll. The BOJ is also likely to keep pushing interest rates higher in the wake of Donald Trump’s Nov. 5 election victory, most economists said, as markets brace for a slew of inflationary policies under the new administration. In the Nov. 13-21 poll released on Friday, 56% of economists, 29 of 52, said the BOJ would raise…

By Tom Westbrook SINGAPORE (Reuters) – Gold was headed for its largest weekly gain in nearly eight months on Friday and the euro hovered at a 13-month low as Russia lowered its threshold for using nuclear weapons and fired a hypersonic ballistic missile at Ukraine. The risk of escalation also sent European gas prices to a one-year high and pushed investors towards safe havens, underpinning German debt and putting the Swiss franc on course for its first weekly rise in two months. In Asia on Friday, chipmakers led stocks a little higher after Nvidia (NASDAQ:) touched a record high in…

Gold price scales higher for the fifth straight day and touches a nearly two-week high on Friday. The worsening Russia-Ukraine conflict continues to drive haven flows toward the XAU/USD. Bets for a less dovish Fed, elevated US bond yields, bullish USD does little to hinder the move up. Gold price (XAU/USD) prolongs its uptrend for the fifth consecutive day on Friday and climbs to a nearly two-week top, around the $2,690-2,691 area during the Asian session. Intensifying Russia-Ukraine tensions force investors to take refuge in traditional safe-haven assets and turn out to be a key factor underpinning the precious metal.…

GALA/USDT surged over 70% after breaking a key downtrend and support. GalaChain integrated with Bitrue, enabling direct trading and eliminating Ethereum bridge fees. Liquidity access and reduced fees enhance user experience and drive Gala ecosystem growth. Gala (GALA) has made a strong recovery, breaking a long-term downtrend and moving upward. After pulling back to a key support range, the price surged again, hitting the first target and delivering over 70% gains. This shift highlights a turning point for GALA/USDT as both technical progress and ecosystem advancements drive growth. #GALAUSDT – UPDATE After the price was able to break the downward…

Sean “Diddy” Combs is making his third application for bail in his Manhattan sex-trafficking case.In papers filed Thursday, Combs’ lawyers cite ex-Abercrombie & Fitch CEO Michael Jeffries.Jeffries is free on bail on serial sex trafficking charges, so Combs should be too, his lawyers say.In a third bid for bail, lawyers for Sean “Diddy” Combs argue that ex-Abercrombie & Fitch CEO Michael Jeffries has remained free pending his own federal sex-trafficking case — and so the rap mogul should be released pending trial, too.Jeffries was quickly granted $10 million bail, without prosecution opposition, after his arrest four weeks ago on charges…