fbpx

PU Prime App

Exclusive deals on mobile

  • Market Insights  >  Weekly Outlook

14 November 2022,06:58

Weekly Outlook

FTX Declares Bankruptcy

14 November 2022, 06:58

Share on:
FacebookLinkedInTwitterShare
Share on:
FacebookLinkedInTwitterShare

Embattled cryptocurrency exchange FTX has declared bankruptcy in the latest saga in the crypto world. The company saw a mass exodus of holders of its native coin, FTT, after news emerged that its finances, including that of its sister trading company Alameda Research, was on shaky ground. Alameda itself is being accused of using client funds from FTX to trade billions of dollars, while leveraging FTT as collateral. Almost half of Alameda’s capital was being held in FTT. Faced with a liquidity crunch, FTX has declared bankruptcy, with at least US$1 billion worth of client funds missing. The drama has wiped tens of billions from the cryptocurrency markets, with fears of spillover hitting the markets. BTC has dipped below $16,000 as of writing. 

Beijing Announces Plans to Boost Property Sector

Beijing has announced a shift in policy focus, stepping away from its strict zero-covid policies to tackle another issue: its flailing property market. Indicating that Beijing might be moving towards shoring up its economic growth, China’s capital has announced a 16-point plan to rescue its property sector. This includes resolving the liquidity crisis among developers, to loosening down-payment requirements for homebuyers. Macro data has not been positive for China, with the country’s economy battered by continued Covid lockdowns and global inflation. 

The US Midterms Well Under Way

The US midterm elections are well underway, with democrats retaining control of the US senate with a 50-49 split. Even if it comes to a die, the tie-breaking vote of vice-president Kamala Harris ensures that president Joe Biden will be able to continue influencing who sits in the federal courts and his administration. Meanwhile, the House of Representatives is leaning Republican, which will make it difficult for Biden to pass laws in the remaining 2 years of his term. A government divided will spur investors, who are taking government gridlock as positive news, especially with lowered spending on new policies. 

Mula Berdagang dengan Kelebihan

Berdagang forex, indeks, Logam banyak lagi pada spread rendah industri dan pelaksanaan sepantas kilat.

  • Mula berdagang dengan deposit serendah $50 pada akaun standard kami.
  • Dapatkan akses kepada sokongan 24/7.
  • Akses ratusan instrumen, alatan pendidikan percuma dan beberapa promosi terbaik di sekeliling.
Sertai sekarang

Latest Posts

Pembukaan akaun yang cepat dan mudah

Buka Akaun Langsung
  • 1

    Daftar

    Daftar untuk Akaun PU Prime Live dengan proses kami yang mudah

  • 2

    Dana

    Membiayai akaun anda dengan pelbagai saluran dan mata wang yang diterima dengan mudah

  • 3

    Mula Berdagang

    Akses beratus-ratus instrumen di bawah keadaan perdagangan terkemuka pasaran

Please note the Website is intended for individuals residing in jurisdictions where accessing the Website is permitted by law.

Please note that PU Prime and its affiliated entities are neither established nor operating in your home jurisdiction.

By clicking the "Acknowledge" button, you confirm that you are entering this website solely based on your initiative and not as a result of any specific marketing outreach. You wish to obtain information from this website which is provided on reverse solicitation in accordance with the laws of your home jurisdiction.

Thank You for Your Acknowledgement!

Ten en cuenta que el sitio web está destinado a personas que residen en jurisdicciones donde el acceso al sitio web está permitido por la ley.

Ten en cuenta que PU Prime y sus entidades afiliadas no están establecidas ni operan en tu jurisdicción de origen.

Al hacer clic en el botón "Aceptar", confirmas que estás ingresando a este sitio web por tu propia iniciativa y no como resultado de ningún esfuerzo de marketing específico. Deseas obtener información de este sitio web que se proporciona mediante solicitud inversa de acuerdo con las leyes de tu jurisdicción de origen.

Thank You for Your Acknowledgement!