According to the latest news from Investing.com1, major U.S. banks reported rising profits due to higher interest rates on loans. However, they also expressed caution about the future outlook and consumer health1.
In other news, the International Monetary Fund (IMF) has stated that the Latin American and Caribbean region needs to increase spending1.
In the commodities market, gold had its biggest week since March, returning to $1,900 after a significant rise1.
In the stock market, Novo Nordisk saw gains after boosting its 2023 outlook on Ozempic and Wegovy1. Microsoft also made headlines by closing a $69 billion deal with Activision Blizzard1.
In the cryptocurrency market, Bitcoin was priced at 26,765.4 USD with a market cap of $521.04B, while Ethereum was priced at 1,543.69 USD with a market cap of $185.19B1.