Eurozone finance ministers expressed concerns that the U.S. government’s embrace of cryptocurrencies could pose risks to Europe's monetary sovereignty and financial stability . Their worries come after President Trump signed an executive order to create a strategic reserve of cryptocurrencies using tokens already owned by the U.S. government, signaling a shift in policy from the previous administration. Key Takeaways: Policy Shift in the U.S. : The U.S. administration’s new stance on cryptocurrencies , especially dollar-denominated stablecoins , has sparked concerns in Europe. Trump’s move to embrace cryptocurrencies as part of the U.S. financial system contrasts with past U.S. policies, raising alarms about the impact on European financial stability. Impact on Europe’s Monetary Sovereignty : Paschal Donohoe , Chairman of the Eurogroup, highlighted that such developments in the U.S. could directly affect ...
Market Daily Report: Bursa Malaysia dips slightly on last trading day of third quarter, with key index down
KUALA LUMPUR (Sept 30): Bursa Malaysia ended the last trading day of the third quarter of the year on a slight dip, after roller-coaster trading all day long. At 5pm on Friday (Sept 30), the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) slipped 2.87 points or 0.21% to settle at 1,394.63, from Thursday’s close of 1,397.50. The benchmark index opened 2.21 points easier at 1,395.29 and subsequently moved between 1,390.41 and 1,402.23 throughout the day. On the broader market, decliners outpaced gainers 462 to 358, while 408 counters were unchanged, 1,155 untraded, and 37 others suspended. Total turnover decreased to 2.08 billion units worth RM1.91 billion, from 2.28 billion units worth RM1.86 billion on Thursday. Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said the near term market sentiment remains jittery due to unce...