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(Bloomberg) — The Swiss central bank has seen a depreciation of the franc in nominal and real terms. “In the last couple of weeks we saw a depreciation of the franc, in nominal and real terms,” Vice President Martin Schlegel said at a news conference on Friday in Zurich. He added that his acknowledgment of…
Major stablecoins experienced a temporary de-peg following the price drop in the cryptocurrency markets.
Ackman covers bond short, Tesla reveals spending plans, Bitcoin soars on ETF hopes, and other news to start your day.
(Bloomberg) -- Markets should brace for a deep US recession that warrants a dramatic one percentage-point interest-rate cut by the Federal Reserve, warned DoubleLine Capital’s Jeffrey Sherman.Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of ChaosOil Trader Vitol Doubled Average Pay on Record
MARKET WRAPS Watch For: Germany Ifo business climate index, Bundesbank monthly report; UK CBI distributive trades survey; trading updates from Carnival, Naspers, Associated British Foods Opening Call: European shares may start the week ...