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Global equities were down and Wall Street indexes were mixed Tuesday and the dollar rose, as investors awaited fresh inflation data and further economic news later in the week. Gold prices hit a two-week high, boosted by rising geopolitical tensions and expectations of a third U.S. rate cut by the Federal Reserve next week. Traders awaited U.S. inflation data due on Wednesday and a meeting by the European Central Bank on Thursday.

The crypto market is correcting for an “overextended exuberance” over the past few week.

(Bloomberg) -- The US reversed its forecast for a crude glut next year and is now calling for a small oil-market deficit.Most Read from BloombergBrace for a Nationwide Shuffle of Corporate HeadquartersCloud Computing Tax Threatens Chicago’s Silicon Valley DreamSan Francisco, Paris Named Best Cities for Urban TransportationA Chicago Skyscraper Cements the Legacy of a Visionary Postmodern ArchitectDC Business Leaders Welcome Return-to-Office Policy Under TrumpGlobal oil consumption should exceed o

LONDON, UK – December 6, 2024

XRP’s value skyrocketed after a pivotal lawsuit resolution, reshaping its place in the cryptocurrency market.

(Bloomberg) -- The Federal Reserve is seen likely to lower the rate on one of its tools to help control the main policy benchmark, though some on Wall Street are skeptical about the motivation behind the move. Most Read from BloombergBrace for a Nationwide Shuffle of Corporate HeadquartersCloud Computing Tax Threatens Chicago’s Silicon Valley DreamSan Francisco, Paris Named Best Cities for Urban TransportationA Chicago Skyscraper Cements the Legacy of a Visionary Postmodern ArchitectDC Business

Over $1.75 billion worth of cryptocurrency leveraged positions were liquidated in the past 24 hours.