Ibovespa, the benchmark stock market index in Brazil, closed higher for the second straight session (+0.97%) Wednesday at 84,976.59 points, after the Federal Reserve signaled that it expects two more interest rate hikes this year in the U.S. - a dovish view, according to investors. more...
After five trading sessions down, the Ibovespa closed slightly higher (+0.30%) Tuesday at 84,163.80 points, pulled higher by steelmakers shares but capped by caution before the monetary policy decisions of the U.S. Federal Reserve (Fed) and the Brazilian central bank, both expected for Wednesday. more...
Bitcoin is unwinding in a similar fashion to the Nasdaq during the dotcom bubble nearly two decades ago, but the pace is 15 times faster, global investment firm Morgan Stanley said. The firm's strategist Sheena Shah said in a client note that the Nasdaq in 2000 and Bitcoin now, both rallied 250 to 280 percent during their peaks ahead of a market downturn. more...
House prices in Australia climbed 1.0 percent on quarter in the fourth quarter of 2017, the Australian Bureau of Statistics said on Tuesday. more...
Bitcoin meets all of the essential criteria for an asset bubble, which is sure to burst soon and the spillover effects into traditional financial system would be limited, while the blockchain technology holds promise for investors, Allianz Global Investors said. The top cryptocurrency's trajectory resembles a textbook case of a financial-market bubble that may soon pop, the firm said. more...
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