Bloomberg Tech

European equities and US stock-index futures fell amid signs central banks will turn more hawkish and as investors focused on earnings reports from Wall Street banks.

THG Plc is reviewing the future of its loss-making businesses outside of the beauty, nutrition and Ingenuity platforms with profit at the struggling British online shopping emporium expected to be lower than forecast.

Tesla Inc. as well as Chinese automaker BYD and South Korea’s Hyundai Motor Co. are finalizing deals to invest in Indonesia’s electric-vehicle industry, said a senior minister.

Animoca Brands Corp. founder Yat Siu helped engineer the merger of two startups his firm backed, aiming to create a data and news service as the embattled crypto industry consolidates.

Rapidly rising wages in the UK will pile pressure on the Bank of England to keep raising interest rates. That’ll make things tougher for Brits on variable rate mortgages. Then again, further inflation fueled by rising wages could only exacerbate the cost of living crisis, leading to a further impact on businesses. At the same time, higher rates can boost income from customer deposits for companies like Wise Plc, who this morning boosted their full year guidance.

Stocks in Asia and US equity futures edged lower as traders digested data that showed China’s economy growing at the second slowest pace since the 1970s.

Bitcoin has surged this year in a rally that’s emblematic of a burst of risk appetite on bets that central bank interest-rate hikes will abate as high inflation moderates. The token’s 23% advance in the seven days through Jan. 15 was its best weekly performance since February 2021. Weekly climbs of at least 20% occurred nine times in the past five years, after which the token added an average of 40% over three months, according to data compiled by Bloomberg.