Euro Rises Post-French Vote; Stocks to Drop Monday: Markets Wrap - BitcoinEthereumNews.com
KabuhayanTumataas ang Euro Pagkatapos ng Botong Pranses; Bumaba ang Stock sa Lunes: Markets Wrap04 / 24 / 2022Balita ng Ethereum ng Bitcoin (Bloomberg) — Stocks are set to start the week lower as investors weigh the impact of more aggressive interest rate increases on the economy and earnings. The euro gained after Emmanuel Macrons win in the French election removed a key risk for markets. Karamihan Basahin mula sa Bloomberg Futures fell in Japan and earlier in Hong Kong. U.S. stocks capped the longest run of weekly losses since January, while the Nasdaq 100 is poised for the worst month since 2008 as traders ratchet up expectations for steep policy tightening to tame inflation. Macron defeated far-right leader Marine Le Pen in the French presidential election on a pro-business platform, bolstering the euro. The dollar was mixed against other major currencies. A dollar gauge closed higher Friday. Investors will also be keeping a close watch on any policy measures from China as Chinese assets are under pressure, with the yuan dropping to a one-year low Friday. The nations Covid-zero policy amid a Covid outbreak is also weighing on sentiment. Traders have increased bets on the Federal Reserve being even more assertive on tightening policy. Chair Jerome