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Grateful for the diverse crowd at #Biliran, our Community Educational Tour 2nd stop with our media partner @bitpinas 🇵🇭
From Councilors, SK Youth Chairman, Housewives, Engineers, to Students— thank you all for joining us.
We hope you gained valuable insights into #Crypto, the @coinexcom Ecosystem, and the PH Crypto Adoption Overview.
We are looking forward to seeing you at our next educational session!
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Last Friday, global risk sentiment improved as rising expectations of a Federal Reserve rate cut fueled a broad equity rally. Investors rotated out of the big tech stocks favored in the first half of 2024 and into economically sensitive sectors that could benefit from the anticipated Fed easing.
Corporate earnings reports, including those from Apple, Amazon, and Microsoft, remain in the spotlight. Market volatility decreased as the VIX fell to 16.4, though it remains relatively high and could rise again this week if earnings reports or Fed communications surprise the market.
In the political arena, the US presidential race is heating up. Vice President Kamala Harris raised $200 million in her first week, 66% of which came from new donors. Polls indicate her growing popularity among voters.
The MSCI US index rose by 1.1% last Friday, with the industrial sector leading the gains at 1.7%. The US Treasury yield curve remained inverted, with the 10-year yield dropping 4.6 basis points to 4.19% and the 2-year yield falling 4.7 basis points to 4.38%. The US Dollar Index dipped slightly by 0.04%, while gold prices rebounded by 0.9% to over $2,387 per ounce due to recent dollar weakness. Brent crude prices fell by 1.5% to $81 per barrel amid concerns over weak demand from China.
Cryptocurrencies also saw positive movements in the last 24 hours, with Bitcoin rising by 2.2% to $69,322 and Ethereum gaining 3.3% to reach $3,342, as investors sought alternative assets amid the shifting economic landscape.
Asian equity markets were mostly higher in early trading, and US equity index futures suggest a 0.4% higher opening for US stocks. This week’s economic calendar is packed, with the US FOMC meeting on Wednesday and employment data on Friday being the key events to watch.
#DonaldTrump makes all of us bullish today. So many people dm me about their token. Which token is confident enough to say they will have 5X or 10X by next week? The one who can convinced me and with the most engagement, I will post something about you. Shill hard!