Warren Takunda

Bitcoin price is down 11% from its current record high, now eyeing the $88,000-90,000 region for a potential bounce.

S&P 500 E-Mini futures fell 0.80% amid U.S. shutdown concerns and inflation data. Key economic reports showed strong GDP and lower jobless claims.

The British Pound hit its lowest level against the Dollar since May after UK retail sales added to the losses that followed Thursday's Bank of England decision.

U.S. third-quarter GDP growth was revised to 3.1%, driven by strong consumer spending. The economy continues to grow above the Fed's target, prompting fewer expected rate cuts in 2025.

Global markets are set to end the week lower following the Fed’s hawkish rate cut on Wednesday, which sent government bond yields soaring, draining liquidities.

Asian shares mostly fell ahead of U.S. spending data, while Japan's inflation exceeded expectations. Oil prices and U.S. futures dropped, and mixed U.S. economic data raised uncertainty about future Fed rate cuts.

London stocks dipped as retail sales missed forecasts despite strong borrowing data, with notable updates from Royal Mail and GSK.

Bitcoin briefly dipped below $100,000 after hawkish comments from the US Federal Reserve, with an analyst suggesting its price is forming a bearish pattern on the week.

GBP/NZD has rallied as sentiment suffers a setback and New Zealand GDP data disappoints, but the move is looking overheated in the short term.