Tag: US rate cuts
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Wall Street Rises, ASX Set to Bounce: Australian Markets Eye Higher Open
Wall Street Rises, US Rate Cut Bets Lift Sentiment The mood across global equity markets improved as Wall Street turned higher, fueling optimism that the US Federal Reserve could start easing policy sooner rather than later. The rally on major indices lifted investor confidence and set the stage for a positive start to trading in…
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Crypto Crash: Bitcoin Slips Below $82k as Tech Slump Deepens
Overview: Bitcoin’s sudden dip amid a broader tech slump The cryptocurrency market faced renewed pressure as Bitcoin traded below the $82,000 level, signaling a renewed risk-off mood among investors. The move comes as tech equities retreat on concerns about overvaluation and fading expectations for near-term US rate cuts. In recent sessions, investors signaled a preference…