UK budget, trouble in crypto land and other world market themes for the week ahead

The long-awaited UK fiscal plan is here and after the ructions unleashed by September’s mini-budget, markets are paying close attention.

Hunt has since junked most of that plan, and signaled some 60 billion pounds in tax rises and spending cuts are coming to plug a gaping hole in the public finances. A proposed rescue deal from rival exchange Binance fell through on Wednesday, sending top cryptocurrency bitcoin below $16,000 for the first time since late 2020.

That’s among the biggest this year and follows job cuts at other tech firms including Elon Musk-owned Twitter, Microsoft, and Snap. Big banks too are starting to pare back staffing levels. September data showed a measure of underlying retail sales rising thanks to strong wage gains and savings, even as the broader number came in flat. Analysts polled by Reuters expect a 0.8% increase for October.

Switzerland Neuesten Nachrichten, Switzerland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Bitcoin Nov. 9 daily chart alert - Crypto market turmoil fuels the bears
Herkunft: KitcoNewsNOW - 🏆 13. / 78 Weiterlesen »

Gold holds Tuesday's strong gains as crypto market still shakySenior Technical Analyst Jim Wyckoff prepares investors with an overview of how the markets opened and closed. What moved metal prices? How do the technicals look? By looking at important developments
Herkunft: KitcoNewsNOW - 🏆 13. / 78 Weiterlesen »