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.

1 2 3
View single page >> |

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 ...

How did you like this article? Let us know so we can better customize your reading experience.


Leave a comment to automatically be entered into our contest to win a free Echo Show.