White House $916bn Stimulus Deal Offer Deemed ‘Unacceptable’ By Democrats

October job openings: Following Friday’s disappointing jobs figures, which showed a lower-than-expected number of jobs added to the economy in November, job openings figures for October will be revealed on Wednesday. These offer another window into US labor market activity levels. A consensus figure of 6.3 million is expected, versus 6.44 million in September, according to Trading Economics.

Crypto Corner: Crypto funds see record inflows as investors depart gold

Crypto-focused funds have seen near-record inflows in recent weeks while investors have simultaneously ditched gold positions, according to market data aggregator CoinShares. The crypto fund sector saw record inflows of $429 million in the past two weeks, with particular attention paid by investors to Ethereum as Eth2’s 0 phase took hold. While only worth 14% of net value of major cryptoassets, some 20% of inflows went to the ETH.

CoinShares report also notes that gold has seen record outflows, with $9.2 billion in cash leaving the precious metal market in the past four weeks. This compares to $1.2 billion of inflows to bitcoin-related investment products.

Over the course of the year, however, gold is still up by $45.7 billion worth of inflows thanks to the coronavirus crisis and associated market selloffs. In total, crypto assets are up by $4.8 billion year-to-date.

All data, figures & charts are valid as of 09/12/2020.

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This communication is for information and education purposes only and should not be taken as investment advice, a personal recommendation, or an offer of, or solicitation to buy or sell, any ...

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