How the U.S. dollar’s ‘almost silent slide’ is juicing the stock-market rally

Investors might not have noticed amid all the excitement, but a stealthy slide by the U.S. dollar should get some of the credit for the stock market’s stunning rally.

Investors might not have noticed amid all the excitement, but a stealthy slide by the U.S. dollar should get some of the credit for the stock market’s stunning rally.

Bitcoin derivatives market is growing faster than spot market, suggesting rising institutionalization in the space

The bitcoin derivatives market, or futures and options, is growing faster than the spot market, according to research conducted by The Block’s Larry Cermak.The post Bitcoin derivatives market is growing faster than spot market, suggesting rising institutionalization in the space appeared first on The Block.

The bitcoin derivatives market, or futures and options, is growing faster than the spot market, according to research conducted by The Block’s Larry Cermak.The post Bitcoin derivatives market is growing faster than spot market, suggesting rising institutionalization in the space appeared first on The Block.

ECB expands PEPP asset-buying program to 1.35 trillion euros

The European Central Bank, as expected, boosted the size of its Pandemic Emergency Purchase Program on Thursday. The ECB said the envelope for asset purchases was increased by 600 billion euros ($674.5 billion), to 1.35 trillion euros. The program is now set to run through at least the end of June 2021, versus the end of 2020, while maturing principal payments from assets purchased under the plan will be reinvested until at least the end of 2022, the ECB said. The ECB left interest rates unchanged, with the deposit rate at -0.5% and the main refinancing rate at 0%. ECB President Christine Lagarde will hold a news conference at 8:30 a.m. Eastern.

The European Central Bank, as expected, boosted the size of its Pandemic Emergency Purchase Program on Thursday. The ECB said the envelope for asset purchases was increased by 600 billion euros ($674.5 billion), to 1.35 trillion euros. The program is now set to run through at least the end of June 2021, versus the end of 2020, while maturing principal payments from assets purchased under the plan will be reinvested until at least the end of 2022, the ECB said. The ECB left interest rates unchanged, with the deposit rate at -0.5% and the main refinancing rate at 0%. ECB President Christine Lagarde will hold a news conference at 8:30 a.m. Eastern.

There’s a danger in the disconnect between complacent markets and weak fundamentals, analyst warns

Mike Larson, senior analyst at Weiss Ratings, says he hasn’t seen markets this disconnected to reality in nearly a quarter-century.

Mike Larson, senior analyst at Weiss Ratings, says he hasn’t seen markets this disconnected to reality in nearly a quarter-century.

Pound tops $1.25 as FTSE 100 extends gains

The pound on Tuesday moved past the $1.25 level for the first time in more than a month, getting a bid as traders price in a more optimistic global environment.

The pound on Tuesday moved past the $1.25 level for the first time in more than a month, getting a bid as traders price in a more optimistic global environment.