Global Markets Rally: Bitcoin Soars Past $118K, Gold Holds Strong Amid UK Fiscal Concerns and Japan Bond Woes
Stock Market News·2025-10-02 12:38
Key TakeawaysBitcoin (BTC) has surged 3.6% to trade at 4,375.18.Gold is holding firm near its recent peak, driven by U.S. shutdown risks and the outlook for Federal Reserve easing.The UK faces a potential hole in its public finances following a productivity downgrade, though Chancellor Reeves is reportedly set to reverse plans for higher business rates for retailers.Japan's government bond market is experiencing declining investor demand for 10-year JGBs am ...