News Formal

Inflation threat drives down stocks and cryptocurrencies

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 63%

Indonesia Berita Berita

As the dollar languished a near-three month low against its rivals, prices of gold held near a four-month peak

London/Tokyo — Global stocks slipped and cryptocurrencies sank on Wednesday as a threat of unwanted inflation had investors shy away from assets seen as vulnerable to any removal of monetary stimulus.

“The bitcoin flow picture continues to deteriorate and is pointing to continued retrenchment by institutional investors.” US S&P futures fell 0.5% in Europe a day after Wall Street stocks slid in late Tuesday trade, unable to sustain gains made after bumper earnings from Walmart and Home Depot. Any further flare-up could hit assets whose prices have been bolstered by monetary easing, including cryptocurrencies, which rose sharply over the past year and are seen by some as exemplifying an excess created by a “wall of money” from central banks.

 

Terima kasih atas komentar Anda. Komentar Anda akan dipublikasikan setelah ditinjau.
Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

 /  🏆 12. in İD

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Stocks rise but virus, inflation fears lingerWall Street followed Europe and Asia higher at the open Tuesday, as investors shook off concerns over inflation and rising coronavirus infections.
Sumber: eNCA - 🏆 49. / 51 Baca lebih lajut »