Cryptocurrency
The Republican leaders of the US House of Representatives have released a revised version of President Donald Trump’s tax and spending bill.
The Treasury’s seven-year Eurobond issue has a yield of $2 billion and a yield of 7.45 percent.
Investors have pushed the yield on the 30-year benchmark bond to 5.1 percent, close to a 20-year high, while stocks and the dollar have lost value.
Bundesbank President Joachim Nagel emphasized that there is progress towards a solution with the US, but there are still obstacles to overcome.
The ECB said that investors have been “unusually” moving away from safe havens such as the dollar and US bonds since the tariffs announced in April.
The EU will address issues that have particularly hindered the recovery of trade and investment, and reduce obstacles in front of it.
Bitcoin has reached an all-time high, supported by progress in stablecoin regulation in the US.
It was reported that US artificial intelligence company OpenAI will buy Apple’s former designer Jony Ive’s startup called io.
IMF Deputy Chairman Gopinath warned the US that trade uncertainty is still high and the fiscal deficit is too high.
International credit rating agency Fitch Ratings reported that the medium-term potential growth rate it forecasts for 10 developing countries has decreased from 4 percent to 3.9 percent on a weighted average basis of Gross Domestic Product (GDP).
Consumer prices in the UK increased by 3.5 percent annually in April and rose to the highest level since January 2024.
The Capital Markets Board (CMB) approved the capital increase applications of 2 companies and the debt issuance applications of 6 companies.
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