Pure DC Announces $2.7B to Accelerate AI Infrastructure Growth Across Europe and the Middle East

The post WTI Oil returns above $89.00 as tensions in the Middle East rise appeared on BitcoinEthereumNews.com. Crude prices are trading higher on Monday, with the barrel of the US benchmark West Texas Intermediate (WTI) changing hands at $89.40 at the time of writing, nearly $3 higher than last week’s closing price. Recent skirmishes between the US and Iran and the extension of the Israeli occupation in Lebanon are triggering fears of further escalation of the war. The peace process between Washington and Tehran remains stalled, with the memorandum of understanding still awaiting US President Donald Trump’s signature since Friday, and tensions in the Gulf region escalating The US announced a new wave of strikes on Iran’s Military sites, while Iranian authorities said that they targeted a US base, and Kuwait reported the interception of missiles and hostile drones.  Apart from that, Israel has stepped up its operations in Lebanon, and Prime Minister Benjamin Netanyahu announced attacks

The post Fed: Later cuts as inflation persists – Rabobank appeared on BitcoinEthereumNews.com. Rabobank’s Senior US Strategist Philip Marey updates his United States (US) and Federal Reserve (Fed) outlook, highlighting a shift by the FOMC away from an easing bias ahead of Warsh’s first meeting. Marey notes that developments in the Middle East are likely to keep energy prices elevated. As a result, Rabobank now expects the first Fed rate cut in October 2026 and a second in January 2027, later than previously forecast. FOMC shifts and delayed rate cuts “In recent weeks, the FOMC seems to have moved further toward dropping its easing bias, with several Committee participants staking out their position before Warsh’s first meeting.” “Meanwhile, the developments in the Middle East suggest that energy prices will remain elevated for longer.” “With our outlook for inflation higher and more persistent and the FOMC taking defensive positions against the new Chair, we now change our Fed view.” “

The post Forex Today: Markets shrug off escalating tensions in Middle East appeared on BitcoinEthereumNews.com. Here is what you need to know on Monday, June 1: Major currency pairs struggle to pull away from the previous week’s closing levels as investors largley brush off news pointing to a fresh escalation of tensions in the Middle East. In the second half of the day, the US economic calendar will feature the Institute for Supply Management’s (ISM) Manufacturing Purchasing Managers’ Index (PMI) data for May. US Dollar Price Today The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the New Zealand Dollar. USD EUR GBP JPY CAD AUD NZD CHF USD 0.04% -0.13% 0.14% 0.05% 0.04% 0.32% 0.24% EUR -0.04% -0.16% 0.07% 0.01% 0.04% 0.29% 0.17% GBP 0.13% 0.16% 0.26% 0.19% 0.13% 0.43% 0.32% JPY -0.14% -0.07% -0.26% -0.06% -0.08% 0.21% 0.08% CAD -0.05% -0.01% -0.19% 0.06% -0.02% 0.26% 0.16% AUD -0.04% -0.04% -0.13%

The post Australian Dollar softens below 0.7200 amid ongoing Middle East tensions appeared on BitcoinEthereumNews.com. The AUD/USD pair loses momentum to around 0.7180 during the early European trading hours on Monday. Rising tensions in the Middle East weigh on the riskier assets such as the Australian Dollar (AUD) against the US Dollar (USD). The US May ISM Manufacturing Purchasing Managers Index (PMI) report is due later on Monday.  Kuwait’s armed forces said that the country’s air defense systems were intercepting hostile missile and drone attacks after air raid sirens sounded and emergency alerts were issued nationwide, the Guardian reported on Monday.  Iranian Foreign Minister Abbas Araghchi said over the weekend that talks and message exchanges with the US were ongoing but highlighted that no assessment of negotiations could be made until a clear outcome was reached.  Traders will closely watch the US May jobs data on Friday as the US Federal Reserve (Fed) officials signal that

The project could bolster Europe's tech independence, enhance its AI capabilities, and drive significant economic and environmental impacts. The post Ardian backs €10B AI gigafactory project outside Paris as Europe races to close gap with US and China appeared first on Crypto Briefing.

US military actions may undermine peace efforts, increasing regional instability and reducing chances for diplomatic resolutions in the Middle East. The post US military strikes in Iran, Lebanon amid ongoing peace negotiations appeared first on Crypto Briefing.

Data centre and research facility to be built as Europe seeks to create ‘digital backbone for the future’

Europe's reliance on dollar-pegged stablecoins could undermine its economic sovereignty, necessitating a robust euro-denominated alternative. The post Animoca Brands’ Yat Siu warns Europe about dollar dominance through stablecoins appeared first on Crypto Briefing.