A reading of 1 indicates assets are moving in lockstep, while minus-1 would show they’re moving in opposite directions. The drop since the US data were published on Tuesday morning compares with a 2% jump in an index of global shares on bets that the Federal Reserve is done with interest-rate hikes and will pivot to cuts next year.Ī 30-day correlation coefficient for Bitcoin and MSCI Inc.’s gauge of world stocks now sits at minus 0.23, the most negative since the onset of the pandemic in early 2020. Trudeau Faces Calls to Exit With His Party Trailing in Polls Rolex, Patek Prices Hit Fresh Two-Year Lows: Subdial Index Israel Latest: UN Envoy Rejects Security Council Call for Truce S&P 500 Tops 4,500 as Treasury Euphoria Dwindles: Markets Wrap (Bloomberg) - The buy-everything wave that just swept across global markets has bypassed Bitcoin, which is down since a soft US inflation print rolled across trading screens and stirred a bout of wider risk taking.īiden, Xi Declare Progress After Concluding Four-Hour Summit
