Bitcoin Surges Ahead of Fed Decision, China's Unexpected Retail Slowdown | The Opening Trade 12/16

Estimated read time 1 min read


Bitcoin reaches a record high due to President-elect Donald Trump’s support for digital assets and optimism about Trump’s proposal for a national Bitcoin stockpile. China’s retail sales growth unexpectedly weakened in November despite signs of improvement in the housing market, highlighting the urgency for Beijing to further encourage residents to spend. Retail sales rose 3% from a year ago, the slowest pace in three months and undershooting even the most bearish of forecasts. The Opening Trade has everything you need to know as markets open across Europe. With analysis you won’t find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Kriti Gupta. (Source: Bloomberg)

Source link

You May Also Like

More From Author

+ There are no comments

Add yours