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09:16
U.S. Semiconductor Stocks Continue to Slide in Pre-market Trading, Broadcom Down Over 13%, Micron Down 6%
BlockBeats News, June 4th, according to Bitget market data, the US stock pre-market semiconductor sector continued to decline, with Broadcom (AVGO.O) falling over 13%, Micron Technology (MU.O) falling 6%, AMD (AMD.O), Intel (INTC.O) falling 4%.
09:11
Eurozone bond yields fall as market remains cautiously optimistic about US-Iran agreement prospects
⑴ Eurozone government bond yields fell on Thursday, mirroring the movement of oil prices. The ceasefire agreement reached between Israel and Lebanon boosted market hopes for a broader deal to end the Iran war. It is expected that an agreement between the US and Iran to reopen the Strait of Hormuz will ease inflationary pressure driven by energy and reduce expectations for further interest rate hikes by central banks. ⑵ The yield on Germany’s 10-year government bond dropped 1.5 basis points to 3.02%; this yield had surged to 3.13% in late March, its highest level since June 2011. The yield on Germany's 2-year government bond, which is more sensitive to policy rate expectations, fell 2 basis points to 2.65%; this yield had reached 2.771% in late March, its highest level since July 2024. ⑶ Eurozone money markets currently expect the European Central Bank deposit rate to be at 2.65% by December, implying two rate hikes and a 60% probability of a third, with a 90% likelihood of the first rate hike occurring this month. The yield on Italy’s 10-year government bond fell 2 basis points to 3.77%, and the spread against Germany’s government bonds is at 72 basis points, narrowing from the late March peak of 103.62 basis points, the highest level since June 2025.
09:11
Analyst: The rally of GBP against USD is unlikely to sustain
```htmlGolden Ten Data reported on June 4 that the GBP/USD exchange rate has risen following Israel and Lebanon’s agreement to extend the ceasefire, and Trump’s statement that the US and Iran may reach an agreement by this weekend. However, Monex Europe analysts pointed out in a report that these gains may be difficult to sustain. A series of unfavorable factors still exist for the pound, including the ongoing closure of the Strait of Hormuz impacting trade, cooling in the UK labor market, weakening inflation data, and the possibility of Prime Minister Starmer facing leadership challenges. Analysts stated that the Bank of England’s Monetary Policy Committee survey and the US Nonfarm Payrolls report, both to be released on Friday, may reinforce the pound’s negative trend.```
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