Key Points
SINGAPORE (Reuters) Asian stocks rose on Thursday ahead of U.S. inflation data that could influence the Federal Reserves thinking on rate cuts, while the crypto world got a boost after exchange-traded funds (ETFs) to track bitcoin were approved in the United States...
Japans Nikkei breached 35,000 for the first time since February 1990 in a blistering start to the year, after rising 28% in 2023, its strongest yearly performance in a decade..
Fed futures prices indicate traders anticipate 140 basis points of easing this year, compared with 160 bps of cuts expected at the end of 2023...
The U.S. securities regulator late on Wednesday approved the first U.S.-listed ETFs to track bitcoin, in a watershed for the worlds largest cryptocurrency, with most of the products expected to begin trading on Thursday...
Crypto-services firm Nexo co-founder Antoni Trenchev said the spot ETF news is possibly bitcoins biggest since its launch but the approval shouldnt be viewed in isolation, given the timing of the upcoming halving in April which cuts the bitcoin supply and historically kick-starts the new bull market...
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