Federal Reserve Governor Lael Brainard said there is "no compelling demonstrated need" for the central bank to issue its own digital currency
Circle Internet Financial Inc., a Goldman Sachs Group Inc.-backed mobile payments company, plans to launch a cryptocurrency pegged to the U.S. dollar. Circle believes the move can help drive adoption of blockchain technology for payments as well as support maturation in financial contracts built on smart contract platforms.The company also raised $110 million in an investment round led by Chinese bitcoin miner Bitmain Technologies Ltd.
JPMorgan Chase & Co. CEO Jamie Dimon said during a shareholders meeting yesterday that he would stay at the bank
And in the regulatory
In other parts of the world
Asia Pacific: Société Générale eyes China securities JV; Indian bank removes CEO amid scandal
Europe: Ageas, BayernLB post Q1 results; CYBG says loss won't affect Virgin Money plans
Middle East & Africa: US sanctions Iran central bank head; Abraaj moves to reassure creditors
The day ahead
Early morning futures indicators pointed to a mixed opening for the U.S. market.
In Asia, the Hang Seng fell 0.13% to 31,110.20, and the Nikkei 225 was down 0.44% to 22,717.23.
In Europe, as of midday, the FTSE 100 was up 0.13% to 7,732.64, and the Euronext 100 had fallen 0.09% to 1,070.51.
On the macro front
The MBA mortgage applications report, the Housing Starts report, the Industrial Production report, the Atlanta Fed's business inflation expectations survey and the EIA petroleum status report are due out today.
Click here to read about today's financial markets, setting out the factors driving stocks, bonds and currencies around the world ahead of the New York open.
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