AAX Exchange Announces Mass Buyback of AAB

• AAX has just announced its plans for a vast token buyback program on AAB.
• AAB will also be listed on SushiSwap to increase liquidity and access.
• The number of active users on AAX has increased 20-fold since January 2021.

AAX Exchange, powered by the LSEG Millenium matching engine, has just announced its…[Read more]

Finance Minister Le Maire sees French economy back to pre-COVID levels by H1 2022The French economy will return to its pre-COVID 19 levels of economic activity by the first half of 2022, said French Finance Minister Bruno Le Maire on Monday, who also reaffirmed his target of 5% economic growth for France in 2021.

“Economic growth is back in the…[Read more]

Malaysia’s 1MDB, ex-unit seek recovery of $23 billion in assetsMalaysian state fund 1Malaysia Development Berhad (1MDB) and its former unit SRC International have filed 22 civil suits seeking to recover more than $23 billion in assets from entities and people allegedly involved in defrauding the firms, the finance ministry said on…[Read more]

Raising pace of bond buys not off the table for ECB: LaneThe European Central Bank could still increase bond purchases at its June meeting if such a move is needed to keep borrowing conditions favourable, ECB Chief Economist Philip Lane told a French newspaper.

He also said unemployment is not expected to return to its pre-pandemic level before…[Read more]

Euro zone investor morale rises to highest level since March 2018Investor morale in the euro zone rose in May to its highest level since March 2018 on all-time high expectations and an upbeat evaluation of the current situation, a survey showed on Monday, suggesting the bloc is overcoming the COVID-19 crisis.

Sentix’s index for the euro zone…[Read more]

Upgrades of Asian corporate earnings at highest in five months – Refinitiv dataAnalysts in April hiked 12-month earnings estimates for Asian companies by the largest amount in five months, data showed, as manufacturing activity and demand for the region’s exports rose.

Analysts lifted forward 12-month earnings by 3.2% in April, the highest since…[Read more]

Week Ahead: Stocks To Continue Climbing On Ongoing Easing; USD At Crossroads

• Investors are back to cheering for a bad economy, as it enables additional stimulus
• Gold gains on dollar weakness, safe haven

The S&P 500 and Dow Jones Industrial Average hit new all-time highs on Friday, while the NASDAQ and Russell 2000 both pushed higher after the April…[Read more]

Fed Watch: Surprisingly Poor Jobs Report Doesn’t Dim Investor Inflation FearsIf Federal Reserve policymakers are sincere about wanting to achieve their stated goal of maximum employment, they’ll have to stop ignoring the economic realities before their eyes.

The April jobs report, which showed just a fraction of the job creation forecast, was a b…[Read more]

European Stocks Mixed; Miners Help FTSE 100 OutperformEuropean stock markets traded in a mixed fashion Monday, with the heavyweight miners helping the U.K. market outperform after Friday’s disappointing U.S. employment report kept the dollar weak and commodity prices strong.

At 3:50 AM ET (0850 GMT), the DAX in Germany traded 0.2% lower, the C…[Read more]

Dollar licks wounds after payrolls shock, focus turns to inflationThe dollar sank to a more than two-month low versus major peers on Monday after a disappointing U.S. employment report prompted investors to temper expectations for higher interest rates, with focus now shifting to inflation data this week.

The United States created a little more…[Read more]

Stocks cheer prospects for low rates, oil rides pipeline outage higherStocks rose on Monday amid speculation that interest rates will remain low due to receding inflationary pressure, while oil and gas prices jumped after a cyber attack on a U.S. pipeline operator unnerved markets.

MSCI’s broadest index of Asia-Pacific shares outside Japan rose…[Read more]

European stocks hit fresh record high as miners rallyEuropean stocks extended a record-setting rally on Monday as optimism about the reopening of economies and easy monetary policy lifted cyclical sectors, including mining and financials.

The pan-European STOXX 600 index rose 0.1% to hit a fresh all-time high in early trading, with miners…[Read more]

Good morning community, have a great day 🌞

Sleep well cryptonauts 🌛

Good Night, Little Crypto Monsters, Sweet Dreams!🌕🌖🌗🌘🌑🌚

GBPUSD Price Retests $1.40 Level, Sellers May Take OverGBPUSD Price Analysis – May 08 Further increase in the Bulls’ momentum may break up the resistance level of $1.40 which may lead the price to $1.41 and $1.42. In case the resistance level at $1.40 is defended by the bears, GBPUSD price may decrease towards the $1.39, $1.38 and $1.37 lev…[Read more]

Did You Invest Your Stimulus $ Into Dogecoin? You’re Raking in Some Serious Profits By NowWell, there is good news and there is bad news. The good news is that there have been three instances of stimulus funds being doled out to needy Americans. Thus, if you were struggling due to the coronavirus pandemic, you likely got a little bit of u…[Read more]

Rari Capital falls victim to $11 million exploitAfter a $11 million attack earlier today, Rari Capital is the latest decentralized finance (DeFi) protocol to fall victim to a high-priced exploit

The platform, which builds optimized yield vaults and boutique lending pools, confirmed the attack in a Tweet and said that a full postmortem is forthcoming:

SEC’s Gary Gensler: Bitcoin’s Volatility Is Becoming a Huge ProblemGary Gensler – the new head of the Securities and Exchange Commission (SEC) – says that while he understands why so many people are eager to jump aboard the crypto bandwagon and invest in these new assets, there is still too much fraud meandering about, and more regulations need to…[Read more]