The Straits Times
Asian stocks look set for mixed open, US futures dip
Stocks have lost steam in recent sessions on worries about inflation and a Covid-19 resurgence in some countries.PHOTO: REUTERS
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5/19/2021 7:27:41 AM GMT | By FXStreet Insights Team
Bitcoin and other cryptocurrencies have been getting a lot of attention lately. One Bitcoin ranged in price from $1,000 in early 2017 to a high of over $60,000 in March 2021, with intense volatility in between. Understandably, investors have questions – the Schwab Center for Financial Research tries to answer some of the most common.
Investors should treat Bitcoin as a speculative asset class primarily for trading
What is a cryptocurrency, and how is it valued?
“Fiat currencies like US dollars and euros are forms of money issued by governments to serve as legal tender. Cryptocurrencies such as Bitcoin, on the other hand, are ‘non-fiat,’ non-governmental forms of ‘digital cash’ to be used for electronic payments. Proponents believe the value of a cryptocurrency is based on the quality of the cryptology, the number of cryptocurrency units created, and the technology that l
May 20 2021, 3:08 AM
May 19 2021, 3:31 AM
May 20 2021, 3:08 AM
(Bloomberg) U.S. stocks closed mixed and Treasury yields rose as minutes showed Federal Reserve officials were cautiously optimistic about the U.S. recovery at their April meeting, with some signaling theyâd be open âat some pointâ to discussing scaling back the central bankâs massive bond purchases.
(Bloomberg) U.S. stocks closed mixed and Treasury yields rose as minutes showed Federal Reserve officials were cautiously optimistic about the U.S. recovery at their April meeting, with some signaling theyâd be open âat some pointâ to discussing scaling back the central bankâs massive bond purchases.
Richard Richtmyer and Claire Ballentine, Bloomberg News
BNN Bloomberg s mid-morning market update: May 19, 2021 VIDEO SIGN OUT
U.S. stocks closed mixed and Treasury yields rose as minutes showed Federal Reserve officials were cautiously optimistic about the U.S. recovery at their April meeting, with some signaling theyâd be open âat some pointâ to discussing scaling back the central bankâs massive bond purchases.
The S&P 500 fell for a third day, and 10-year Treasury yields jumped to session highs following the release. Energy and raw-material stocks fell the most as commodities prices tumbled amid mounting concern about inflation and potential curbs on monetary stimulus. The Nasdaq 100 notched a small advance, boosted by late-day gains in tech stocks including Facebook Inc. and Alphabet Inc.
U S stocks mixed, yields rise on Fed minutes - Article bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.