The world's largest cryptocurrency declined over 2% amid a broader risk-off mood driven by renewed military conflict in the Middle East and Federal Reserve meeting minutes that revealed a divided outlook on interest rates.
Bitcoin's price is finding support from renewed optimism over U.S. legislation, which market participants believe could unlock further institutional investment, despite a mixed backdrop of security concerns and altcoin weakness.
Morgan Stanley reiterated its Overweight rating on Nvidia, highlighting a key shift in demand from a few large cloud providers to a more diverse mix of enterprise, sovereign AI, and industrial customers.
China has suspended all helium exports to safeguard its domestic supply as renewed conflict in the Middle East raises fears of global shortages. The move could impact the global semiconductor industry, which relies on the gas for manufacturing.
UBS Asset Management remains constructive on global stocks, arguing that resilient economic growth and strong corporate earnings can offset the headwind of potentially higher U.S. interest rates, according to its latest outlook.
The precious metal recovered from a one-week low, supported by a weaker U.S. dollar and a drop in crude oil prices that tempered inflation fears. Investors also weighed divided signals on interest rates from the latest Federal Reserve minutes.
The U.S. House of Representatives is scheduled to vote next week on the Sunshine Protection Act, a bill that would eliminate the twice-yearly clock change and establish permanent daylight saving time, though it faces hurdles in the Senate.
The U.S. energy services firm has postponed its widely watched weekly report on active oil and gas drilling rigs, a key indicator of future production, without providing a new release time.
Ukrainian President Volodymyr Zelenskiy has established a new military command for long-range attacks, formalizing a campaign that has already reduced Russian refinery output to 65% of capacity and disrupted key shipping channels for grain exports.
