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The Bank of Spain: Major Spanish banks have limited direct risk exposure to the Middle East, but there is risk of impact on their Asian counterparts.British Prime Minister Starmers spokesperson, Wells, said that Prime Minister Starmer has full confidence in Health Secretary Straightin, who will continue to serve as Health Secretary.On May 14, the State Flood Control and Drought Relief Headquarters Office and the Ministry of Emergency Management organized a meeting with departments including meteorology, water resources, and natural resources, as well as six key provinces including Guangdong, Guizhou, and Hunan, to discuss and assess the recent trend of heavy rainfall and deploy flood control measures in key areas. In accordance with the relevant provisions of the "National Flood Control and Drought Relief Emergency Plan," the State Flood Control and Drought Relief Headquarters activated a Level IV emergency response for flood control in Guangdong and Guizhou at 18:00 on May 14. The meeting pointed out that a round of rainfall is expected to occur in central and eastern my country starting May 15, characterized by its long duration, wide coverage, and locally high intensity, possibly accompanied by short-term heavy rainfall and other severe convective weather, posing risks of river floods, flash floods, geological disasters, and urban flooding.U.S. Treasury Secretary Bessant: Looking ahead, in terms of how models will impact businesses, we are more likely to see a steady upward slope rather than a step-like leap. We are working with large banks as well as regional banks.May 14th - According to data from CINNO Research, global AMOLED smartphone panel shipments in the first quarter of 2026 reached approximately 210 million units, a year-on-year decrease of 0.7% and a quarter-on-quarter decrease of 19.7%. Despite market challenges, overall shipment performance remained stable, without a significant year-on-year decline. This is mainly due to a clear structural divergence in end-user procurement strategies: affected by the sharp rise in upstream memory chip costs, domestic Android brands generally tightened their procurement plans due to cost pressures, while Apple and Samsung maintained stable procurement thanks to their supply chain advantages and high profitability resilience. In addition, some domestic panel manufacturers proactively brought forward some future demand to maintain production line utilization and avoid the risk of subsequent price increases, further supporting the first quarters shipment performance. If end-user demand fails to improve in the future, the market may continue to face pressure.

BTC Fear & Greed Index Falls Despite BTC Avoiding Sub-$16,000

Jimmy Khan

Nov 24, 2022 15:40

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Bitcoin (BTC) increased by 2.44% on Wednesday. BTC finished the day at $16,613 after rising by 2.87% on Tuesday. For the first time in three sessions, BTC avoided trading below $16,000.


BTC dropped to a low of $16,168 early in the morning following a mixed day's start. BTC surged to a late high of $16,682, avoiding the First Major Support Level (S1) at $15,791. At $16,469, the First Major Resistance Level (R1) was breached by BTC, which ultimately closed the day at $16,613.


On Wednesday, FTX contagion risk decreased even further, supporting the cryptocurrency market desperately needed. Former FTX CEO Sam Bankman-Fried boosted investor hopes after learning that the company had cash reserves of $1.24 billion.


Bankman-Fried wrote in a letter to the staff, "Perhaps there still remains a chance to preserve the company. I think there are many billions of dollars in sincere interest from new investors that could be used to compensate customers. But since I have no control over it, I can't guarantee you anything.


The letter came after news that Justin Sun of Tron and Brad Garlinghouse of Ripple were interested in buying FTX assets. Investors are hopeful that the collapse of FTX will have a minimal effect on creditors given the stated cash holding of $1.24 billion.


The FOMC meeting minutes provided more assistance for the cryptocurrency market overnight. Before the holidays, talk of letting up on the gas helped riskier assets, with the NASDAQ Composite Index increasing by 0.99%. The US economic data underwhelmed, though, restricting the NASDAQ's potential growth.


Since the US markets are closed for Thanksgiving, there are no US statistics to take into account today.