Daily Newsroom
Follow market-moving stories, policy signals, and company developments curated by the editorial desk.
Lead story
Cryptocurrency derivatives platform Deribit and trading software provider SignalPlus have launched their largest trading competition to date, offering up to $600,000 USDC in prizes over 35 days.
Bitcoin is hovering just below the $63,000 mark, facing a significant resistance zone that has halted its recent upward momentum. Technical indicators show a conflict between bullish signals and a strong overhead price ceiling, creating uncertainty for traders.
Finland's benchmark stock index, the OMX Helsinki 25, fell 1.29% to a new three-month low at the close of trading on Wednesday, driven by losses in the technology, industrials, and financials sectors.
SBI Funds Management, India's largest asset manager, has filed for an initial public offering scheduled to open for public subscription on July 14. The offering consists of a 10% stake sale by its joint venture partners, State Bank of India and Amundi India Holding.
Belgian stocks finished lower at the close of trading on Wednesday, with the benchmark BEL 20 index falling 1.64%. The decline was primarily driven by losses in the Consumer Goods, Industrials, and Basic Materials sectors.
French stock markets ended lower on Wednesday, with the benchmark CAC 40 index falling by 2.18%. The decline was reportedly led by losses in the Basic Materials, Industrials, and Consumer Goods sectors.
German stock markets finished Wednesday's trading session in negative territory, with the benchmark DAX index falling by 2.35%. The decline was reportedly driven by losses in the software, media, and transportation sectors.
Swedish stocks ended the trading day lower on Wednesday, with the benchmark OMX Stockholm 30 index declining by 1.90%. The downturn was primarily driven by losses in the Basic Materials, Industrials, and Healthcare sectors.
Shares of Lyft fell more than 3% in mid-day trading after the company announced plans for an international acquisition, a move that raised investor concerns amid a broader market selloff.
