While such scenarios take months to play out, traders price in changes anticipating lower earnings, which leads to a drop in equity valuations. On Wednesday, for example, U.S. futures on S&P 500 dropped 0.4% while technology-heavy Nasdaq dropped 0.6%. European markets showed nominal movement as Germany’s DAX rose less than 0.1% while Stoxx 600 slid 0.1%.
China’s Leading Blockchain Advocate Faces Investigation
Yao Qian, a prominent ‘pro-blockchain official’ in China, is under investigation by Chinese authorities for undisclosed “violations of law.” The...