News
Important Only
CryptopolitanWed, Dec 10
Galaxy Digital enters the UAE with new ADGM office
ReutersWed, Dec 10
China Weighs Nvidia Chip Purchase In Emergency Meetings With Tech Companies- The Information
FxstreetWed, Dec 10
USD/CNH: Likely to trade with a downward bias – UOB Group
ReutersWed, Dec 10
Greek industrial output rises 6.4% y/y in October
ReutersWed, Dec 10
INDIA RUPEE-Indian rupee dips after choppy trading, Fed's rate decision in focus
ReutersWed, Dec 10
Another Chinese rare earth producer gets streamlined licence for magnet exports
Other
China Weighs Nvidia Chip Purchase In Emergency Meetings With Tech Companies- The Information
Dec 10 (Reuters) - NVIDIA Corp NVDA.O:CHINA WEIGHS NVIDIA CHIP PURCHASE IN EMERGENCY MEETINGS WITH TECH COMPANIES- THE INFORMATIONOFFICIALS CONVENED SERIES OF MEETINGS WITH REPRESENTATIVES FROM ALIBABA, BYTEDANCE AND TENCENT, ASKED THEM TO ASSESS DEMAND FOR H200-THE INFORMATIONSource text: https://t...Reuters
Wed, Dec 10
Economic Indicator
USD/CNH: Likely to trade with a downward bias – UOB Group
US Dollar (USD) is likely to trade with a downward bias, but is unlikely to break below 7.0540. In the longer run, outlook for USD remains negative; the next level to watch is 7.0400, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Wed, Dec 10
Economic Indicator
Greek industrial output rises 6.4% y/y in October
Dec 10 (Reuters) - Greek industrial output rose by 6.4% year-on-year in October, after an upwardly revised 7.3% increase in September, data from statistics service ELSTAT showed on Wednesday.A breakdown of index components showed manufacturing production rose 4.2% from the same month in 2024. Electr...Reuters
Wed, Dec 10
Forex
INDIA RUPEE-Indian rupee dips after choppy trading, Fed's rate decision in focus
By Jaspreet KalraMUMBAI, Dec 10 (Reuters) - The Indian rupee slipped on Wednesday, ending a session of back-and-forth price action shaped by portfolio flows, likely maturity of positions in the non-deliverable forwards market and caution ahead of the Federal Reserve's policy decision.The rupee ...Reuters
Wed, Dec 10
Economic Indicator
Another Chinese rare earth producer gets streamlined licence for magnet exports
BEIJING, Dec 10 (Reuters) - Chinese rare earth producer Ningbo Jintian Copper 601609.SS said on Wednesday it had secured streamlined licences for magnet product exports.The new "general licences" are designed to allow more exports under year-long permits for individual customers following an...Reuters
Wed, Dec 10
Commodities
Senegal plans to nationalise Kosmos-run Yakaar-Teranga gas project
DAKAR, Dec 10 (Reuters) - Senegal plans to nationalise the Yakaar-Teranga gas project, operated by Kosmos Energy KOS.N and estimated to be one of the world's largest discoveries in recent years, with a view to meeting domestic gas needs, the country's energy minister said.Kosmos Energy, whic...Reuters
Wed, Dec 10
Other
Germany's 10 year yield hits fresh nine-month high, Fed in focus
LONDON, Dec 10 (Reuters) - Germany's 10-year borrowing costs hit fresh multi-month highs on Wednesday as traders price out any chance of further European Central Bank rate cuts, while looking ahead to an important Federal Reserve meeting later in the day. Germany's 10 year yield rose just ov...Reuters
Wed, Dec 10
Indices
USD: FOMC expected to deliver a 25bp cut – ING
It's FOMC day and a 25bp rate cut – which would take the target rate to 3.50-3.75% – is around 90% priced in. The big focus will be the Summary of Economic Projections (SEP), the number of dissenters against the 25bp cut, and then Chair Powell's press conference, ING's FX analyst Chris Turner notes.Fxstreet
Wed, Dec 10
Cryptocurrencies
Midnight Goes Live As Cardano Founder Targets A $10 Billion Ecosystem
Cardano founder Charles Hoskinson has declared Midnight officially launched, describing it as the “first fourth generation cryptocurrency” and claiming it has already become “a billion dollar ecosystem heading to a $10 billion ecosystem.” In a December 9 livestream from Colorado, recorded after he w...Bitcoinist
Wed, Dec 10
Forex
USD/JPY: Any advance may not reach 157.20 – UOB Group
Further US Dollar (USD) strength is not ruled out; any advance may not reach 157.20. In the longer run, USD must close above 157.20 before a move to 157.90 can be expected, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Wed, Dec 10
Stocks
Abivax pops 19% on market talk about Eli Lilly takeover interest
Shares in French biotech company Abivax ABVX.PA up as much as 19% with two traders citing market speculation about potential takeover interest from Eli Lilly LLY.NAbivax and Eli Lilly were not immediately available for commentIf gains hold, Abivax will add 1.5 billion euros to its market value of 7...Reuters
Wed, Dec 10
Other
Duchess Meghan sends letter to father, criticises Daily Mail's presence at his bedside
LONDON, Dec 10 (Reuters) - A spokesperson for Meghan Markle said she had managed to send a letter to her hospitalised father despite the Daily Mail breaching "clear ethical boundaries" by reporting from his bedside. The broadside comes weeks before Markle's husband Prince Harry starts hi...Reuters
Wed, Dec 10
