A Chinese mega-refiner and some Japanese oil companies have also been snapping up crude cargoes, boding well for the physical market.“There remains the nagging Covid situation globally, with cases sky high in certain spots,” said John Kilduff, a partner at Again Capital LLC. The company proposes to raise $400 million, per the filing. Tech shares lagged behind. The Bitcoin Miner Manufacturer contacts the Securities and Exchange Commission to update their filings. Prices rose above the 50-day moving average on Thursday, a positive signal for traders who follow chart patterns. Bitcoin slipped.These are some of the main moves in financial markets:StocksThe S&P 500 Index climbed 0.2% as of 1:29 p.m. New York time.The Stoxx Europe 600 Index jumped 0.9%.The MSCI Asia Pacific Index increased 0.3%.The MSCI Emerging Market Index gained 0.5%.CurrenciesThe Bloomberg Dollar Spot Index fell 0.1%.The euro jumped 0.1% to $1.1979.The British pound gained 0.3% to $1.3823.The onshore yuan was little changed at 6.52 per dollar.The Japanese yen weakened 0.1% to 108.84 per dollar.BondsThe yield on 10-year Treasuries was little changed at 1.58%.The yield on two-year Treasuries climbed less than one basis point to 0.16%.Germany’s 10-year yield advanced three basis points to -0.26%.Britain’s 10-year yield jumped three basis points to 0.764%.Japan’s 10-year yield increased less than one basis point to 0.093%.CommoditiesWest Texas Intermediate crude lost 0.4% to $63.20 a barrel.Brent crude increased 0.1% to $66.85 a barrel.Gold futures strengthened 0.7% to $1,779.10 an ounce.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P. Citibank has hinted there won't be any possible layoff and closure of physical branches in the countries it is exiting. Bitcoin fell early on Friday, after Turkey’s central bank decided to ban cryptocurrency payments from the end of the month. On Thursday, JPMorgan Chase & Co. sold $13 billion in the largest bank bond deal ever, while Goldman Sachs Group Inc. got $6 billion.Capital reserves are top of mind for the industry, after the Federal Reserve let a key pandemic-relief measure -- an exemption that allowed banks to hoard Treasuries and deposits without knocking their leverage ratios out of compliance -- lapse at the end of March. So far, Canaan’s stock has fallen by about 50% year-to-date (YTD) and has been unable to attain its initial float price of $9. Per the post by “IPO Zao Zhi Dao,” the Chinese hardware manufacturer is aiming to raise $200 million with the pubic listing. In its recent funding round, the company reportedly raised several hundred million dollars, with its valuation standing at several billion dollars. In August 2017, the company submitted a listing application to the National Equities Exchange and Quotations, but ultimately it retreated from the domestic market under an unfriendly policy environment in March 2018. - Renaissance Capital. However, the firm has lost $45.8 million so far in 2019 and its year to year revenue is also down by 85% from 1H 2018 to 1H 2019. The investment comes a little over a week after Grayscale confirmed that it would convert GBTC into an ETF. When are taxes due? Powell said he would “like to see it (inflation) on track to move moderately above 2% for some time. The consultant expects further increases later in the year.The market is also facing an increase in supply in the coming months, although the Organization of Petroleum Exporting Countries said this week that rising demand should trim global stockpiles. It was reported in July that Canaan had secretly filed an IPO in the U.S., after its plans to go public in Hong Kong and mainland China fell through. The company has sought to ensure its initial public offering (IPO) – … Morgan Stanley became the latest American bank to post record first-quarter results.Along with healthy corporate earnings, China’s first-quarter gross domestic product numbers are giving fresh impetus to the reflation trade. Operating as Canaan Creative, this China-based company is the world's second-largest designer and manufacturer of Bitcoin mining machines with a 22% market share, behind Bitmain Technologies (rumored 4Q19 IPO). According to the South China Morning Post, Canaan tried to list on a Chinese stock exchange through a deal with Shandong Luyitong, an electrical equipment maker, in June 2016. And it is no longer battling alone to support the euro economy, as the pandemic induced governments to spend more and to create an 800 billion-euro Recovery Fund, seeded by joint European Union borrowing. The company had tried to list on the Shenzhen Stock Exchange via a backdoor listing in 2016, but the plan was canceled after failing to satisfy the regulatory requirements. Canaan Creative is arguably the world’s biggest cryptocurrency mining company after Bitmain. The 10-year U.S. Treasury note slid below 1.6% to yield 1.563%, a fall of 7.4 basis points that helped spur renewed buying of big tech stocks in the biggest single-day decline in the benchmark's yield in almost three months. Stocks Drop From Record Highs; Bond Yields Rise: Markets Wrap, New monthly stimulus checks for families will start in July, IRS now says, Bank of America Joins Post-Earnings Bond Frenzy With Six-Part Debt Offering, Suze Orman thinks a market crash could be imminent — here's what to do, Exclusive: China opens its borders to billions of dollars of gold imports - sources, Price of Gold Fundamental Daily Forecast – Dovish Powell Gives Gold Market Room to Breathe, Oil Set for Best Week Since Early March on Better Demand Outlook. Canaan Creative, manufacturer of the Avalon bitcoin miner, is considering another attempt to go public, sources say. In the U.S., Thursday’s retail sales and weekly jobless claims data signaled an accelerating recovery in the world’s biggest economy. World stock markets extended a five-day run of fresh highs on Thursday, fueled by upbeat earnings and strong U.S. economic data that herald a solid recovery ahead, while Russian markets tumbled at the prospect of the harshest U.S. sanctions in years. Investors will look for further confirmation as the reporting season picks up pace next week, with around 80 S&P 500 members and more than 50 Stoxx 600 firms announcing.“As the economic reopening accelerates in the coming months, we believe the bull market remains on a solid footing,” said Mark Haefele, chief investment officer at UBS Global Wealth Management. Lawmakers and advocacy groups are pushing the president to take immediate action. Initial Public Offering (IPO) on Monday, with Credit Swiss, Citi Group, Galaxy Digital, and four others as its underwriters. ... Website www.canaan-creative.com: IPO Pro - "The Ultimate Resource for IPOs" Don't risk buying another IPO without IPO Pro. 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