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On October 24th, ING economist Peter Vanden Houte noted that the Eurozones composite PMI, which hit a 17-month high, indicated continued economic growth and little sign of deflationary pressure, predicting that the European Central Bank will maintain current interest rates. He explained that while input costs have eased, inflation signals are mixed: output prices are rising at their fastest pace in seven months, manufacturing saw its first price increase in six months, and service prices saw a more pronounced increase than in September. "While energy prices will drag down inflation in the coming months, the PMI data do not reveal much underlying deflationary pressure," Houte said, adding that these factors suggest interest rates will remain stable for some time to come.On October 24th, Shannon Chip Technology Co., Ltd. issued an unusual trading announcement, stating that the cumulative deviation of the closing price of the companys stock exceeded 200% for 30 consecutive trading days (September 5, 2025, to October 24, 2025). According to the relevant regulations of the Shenzhen Stock Exchange, this constitutes a case of severe abnormal stock trading fluctuations. The companys main business is chip distribution and product research and development. The company is aware of recent market reports of memory chip price increases. The company and its subsidiaries are currently operating normally, with no major changes in their core business or fundamentals.Market news: The European Commission said that Facebook, Instagram and others can take remedial measures.Market news: If the European Commissions view is confirmed, the company may be fined up to 6% of its global annual turnover.Market news: The European Commission preliminarily determined that Instagram and Facebook, both owned by Meta Platforms (META.O), have failed to fulfill their obligations to regulate illegal content.

Crypto Market Daily Highlights – The NASDAQ Delivers Final-Hour Support

Alice Wang

Dec 27, 2022 11:58

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The top ten cryptocurrency index had a choppy Monday session. While DOGE defied the trend, XRP was in the lead. Notably, BTC missed $17,000 for the sixth session in a row.


Due to the lack of cryptocurrency events and the slow news flow during the holidays, investors were left in the dark. However, news from the US supported the NASDAQ mini and cryptocurrency markets in the dying minutes (UTC).


In contrast to the predicted 7.1% gain, US retail sales rose by 7.6% between November 1 and December 24, according to Mastercard (MA). Retail sales increased by 8.5% from the same time in 2021. Even though the statistics were lower than in 2021, they were still strong enough to support risky investments.


Interest will be generated by US economic figures released today, including those on the housing industry and trade. However, the housing sector figures will probably have a bigger impact, barring a sharp increase in the US trade deficit.


Investors should also keep an eye on the headlines for any FOMC member chitchat and cryptocurrency-related developments that may shift the dial. The NASDAQ Index will probably provide guidance during the afternoon session following the holidays. The NASDAQ mini was up 82.25 points this morning.