“Hong Kong’s Hang Seng Index Rose Above 24,000 for The First Time Since March, Driven by Trade Talk Optimism.”, – WRITE: www.coindesk.com
Bitcoin
The Leading Cryptocurrency by Market Value, Traded Flat-To-To-To-To-To-To-To-To-To-Tonar $ 105,650, HAVING CARVED OUT A doji Candle, A Sign of Indecision, on Saday, Accounting Tovie.
Data from Blockchain.com Showed A Marked Slowdown in Network Activity, With The Seven-Day Moving AVERAGE OF Daily On -chain Transactions Falling to 315.48k, The Lowest in at Least.
Payments-Focused Cryptocurrency Xrp
Strugmed to gather upher Upside traction despite topping a Bearish Trendline from the Mid-May Highs. The Cryptocurrency Changed Hands at $ 2.24 at Press Time, Down Over 1% on the Day (UTC). Volatility May Increase This Week As the Xrp Ledger’s Apex 2025 Conference Kicks Off in Singapore.
Meme Cryptocurrency Dogecoin
Traded Nearly 2% Lower, Closing in On 18 Cents, Having Failed to Establish a Foothold Above the 100-Day Simple Moving AVERAGE (SMA) Over the Weekend.
Hang Seng Tops 24kHong Kong’s Hang Seng Index Rose 1.3%, Topping The 24,000 Mark for The First Time Since March 24, Accounting To Data Source TradingView. The MOVE CAME IN RESPONSE TO THE OPTIMISM About the US-CHINA TALKS THIS WEEK.
“Optimism is as High As Is It’s Been Since Trump’s Election As Top Trade Deputies Will Meet in London Starting on Monday. Chief Currency Analyst Adam Button Said in A Blog Post.
“The Meeting Should Go Very Well,” President Donald Trump Sayid on Truth Social Friday, Announcing The New Round of Trade Talks in London.
Other Asian Indices, Such As South Korea’s Kospi and China’s Shanghai Composite, Also Gained Gunda DESPITE The DEEPITENING CONSUser and Factory Gate Deflation in China.
China’s Deflation WorsensChina’s Consumer Prices Fell 0.1% Year-Over-Year in May, Account to Data from the National Bureau of Statistics Released on Monday. The CPI First Turned Negative In February.
Meanwhile, The Producer Price Index, Or Factory Gate Prices, Fell 3.3% Year-Over-Year in May, Registering A Sharper Decline Than the 3.2% Drop Analysts Had Expert. Factory Gate Prices have Been in Deflation Since October 2022.
Access to robin Brooks, Senior Fellow in the Global Economy and Development Program at the Brookings Institution, The Us Tariffs Are Generation A Deflationary Shock For Majoor Exporters.
“China’s Producer Price Inflation for Consumer Goods is Down to It Lowest Level Since The 2008 Crisis. Us Tariffs will now and A debt overhang.
The Worsening Deflation Could Prompt China to Stimulate domestic Demand with Further Liquidity EASING.
China’s Central Bank in May Cut the Key Interest Rates by 10 Basis Points to A Historic Low While Reducing The Reserve Requirement Ratio, Releasing Liquidity Into The Market. Last Week, The State-Run China Securities Journal Reported That People’s Bank of China May Lower The Reserve Requirement Ratio Further Later This Year to Support Growth and Restart Ghow.
More Chinese Stimulus Could Bode Well for Financial Markets, Including Cryptocurrencies.
Focus on US CPIThe US Consumer Price Index for May Due Wednesday will be scrutinized by markets for clues that Trump’s Tariffs are adding to price pressures in the Economy.
The Headline CPI is Seen Matching April’s Pace of 0.2% MONTH-ON-MONTH Growth, Equaating to A Annualized 2.5% Rise Versus Aprilil Meanwhile, The Core Inflation, Which Excludes the Volatile Food and Energy Component, is Forecast to have Ticked Higher to 2.9% in May from 2.8% in april.
Economists at Barclays Expect the Data To Show First Signs of Tariffs-Related Price Increases Across Wide Range of Core Goods.
A Hotter-Qan-Expected Print Could Dent Fed Rate Cuts, Potentally Injecting Downside Valativity in Financial Markets.
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