The U.S. Securities and Exchange Commission has approved the listing and trading of options for BlackRock’s spot bitcoin exchange-traded fund on the Nasdaq. This move provides institutional investors and traders with an alternative way to hedge their exposure to bitcoin, further integrating cryptocurrency into mainstream financial markets.
Posts in category Economic Times
SEC approves BlackRock’s spot bitcoin ETF options listing (21-09-2024)
The U.S. Securities and Exchange Commission has approved the listing and trading of options for BlackRock’s spot bitcoin exchange-traded fund on the Nasdaq. This move provides institutional investors and traders with an alternative way to hedge their exposure to bitcoin, further integrating cryptocurrency into mainstream financial markets.
Life Insurance sector has strong growth potential amid regulatory changes; HDFC Life, SBI Life top picks (21-09-2024)
Private insurers in India saw a significant increase in their weighted received premium (WRP) during August 2024, growing 15% year-on-year. This was notably higher than the overall industry growth of 10%. Combined with ongoing investments in distribution and new product development, this indicates a positive outlook for the private insurance sector in India.
S Naren shares his value investing mantra after turning Rs 10 lakh to Rs 5 crore in 20 years (21-09-2024)
“India’s outstanding market performance over the past two decades has been crucial to our success. When we introduced the Value Fund in 2004, value investing wasn’t widely recognized, and thankfully, that hasn’t changed much. There still aren’t many investors who focus on this approach,” says S Naren.
Number of smallcap stocks offering double-digit returns falls even as bulls dominate the week (21-09-2024)
Despite the overall positive market sentiment, the rally didn’t fully extend to small-cap stocks. This is evident in the sharp decrease in the number of smallcaps achieving double-digit gains. In the past week, only 34 smallcaps managed to gain 10% or more, compared to 61 in the previous week. Some individual smallcaps like Neogen Chemicals saw impressive returns.
Global money is chasing Indian stocks again as bull run extends (21-09-2024)
Net foreign purchases this quarter, totaling $8.5 billion, are set to be the highest since mid-2023, according to Bloomberg data. Investor confidence has been bolstered by policy continuity after Prime Minister Narendra Modi’s third-term victory and India’s increased weighting over China in some global indexes. The outlook for inflows appears strong, particularly with the Federal Reserve beginning to cut interest rates.
Wall St Week Ahead: Investor focus turns to data, election, earnings after Fed cut (21-09-2024)
U.S. stocks face a challenging period with economic data, political uncertainty, and corporate earnings tests ahead. The S&P 500 recently hit an all-time high following a Federal Reserve rate cut but remains vulnerable to market swings, especially with the upcoming election and key economic reports on the horizon.
Dollar firms against yen after BOJ cautious tone over rate hikes (21-09-2024)
The dollar strengthened against the yen after the Bank of Japan left interest rates unchanged, while the U.S. dollar index saw a slight gain. The euro also rose against the yen but weakened against the dollar. Market reactions reflect cautious optimism about global economic growth.
Oil ends week higher as investors take stock of Fed rate cuts (21-09-2024)
Oil prices settled lower on Friday but achieved a second consecutive week of gains, supported by a U.S. interest rate cut and reduced supply. Brent futures closed at $74.49 per barrel, while U.S. WTI crude settled at $71.92. Economic concerns in China and Middle East tensions also influenced the market.
Gold breaks $2,600 barrier as Fed cut bets prolong historic run (21-09-2024)
Gold prices surged past $2,600 for the first time, driven by expectations of further U.S. interest rate cuts and rising Middle East tensions. Spot gold rose 1.3% to $2,620.63 per ounce, while U.S. gold futures increased by 1.2%. Analysts predict potential corrections but note geopolitical risks could sustain demand.