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Investors on edge ahead of inflation data

Investors on edge ahead of inflation data

Miami Bitcoin conference was successful

  • The Nasdaq fell more than 2%, leading Wall Street's main indexes lower, as rising bond yields weighed on megacap stocks such as Microsoft and Apple with investors on edge ahead of inflation data
  • An estimated 30,000 people attended last week’s Bitcoin 2022 conference in Miami, which is rapidly becoming a major global crypto-finance hub
  • A shortage of semiconductors is likely to remain a problem for the auto industry into 2023, German carmaker BMW's Chief Executive Oliver Zipse said in an interview
  • AUD/USD dropped 0.3%
  • XAU/USD saw a minor rise of 0.2%
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