The latest Market Talks covering Financial Services. Exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.
1342 GMT - Bitcoin ETFs have had a net inflow exceeding over $1 billion in the past two days, according to data from CoinGlass. With a net inflow of $606.3 million on Thursday, it's now $1.61 billion in net inflows reported over the past four days. This week has seen a resurgent appetite in cryptocurrencies, thanks to more attention coming from the Trump Administration and actions from the Treasury Department resurrecting the "dollar debasement" trade. It's a change from the trading that has dominated the crypto space all summer. "The current Bitcoin bear market is getting a little long in the tooth," says Zach Pandl of Grayscale Research in a note. Bitcoin spiked over $79,000 overnight, and was recently up 5.8% to $76,865. (kirk.maltais@wsj.com)
0940 GMT - U.S. stocks linked to cryptocurrencies continue to rise premarket, spurred higher by a surge in bitcoin and ethereum. Investors are increasingly confident in the regulatory outlook for crypto in the U.S., even if the crypto-friendly Clarity Act doesn't pass, Bernstein analyst Gautam Chhugani writes. "The industry expects accelerated rule making for supporting native crypto tokens, tokenized equities, perpetual futures" and other crypto-related activities, Chhugani says. Bitcoin trades up 6.6% at $77,794.84, while ethereum adds 2.7% at $2,389.07. Bitcoin-hoarder Strategy jumps 9.3% premarket, on pace to rise by over 30% since market close Tuesday. Crypto exchanges also gain, with Coinbase and Hyperliquid Strategies rising 6.2% and 3.2%, respectively. Robinhood Markets adds 5.1%.(josephmichael.stonor@wsj.com)
0929 GMT - Experian's North American consumer market shows some underlying growth concern, Bernstein analysts Will Kirkness and Filippo Giardini write in a note. The credit-reporting agency's North American Membership and Marketplace growth now stands at only about 2%, they note. Additionally, risks related to revenue contribution from new and scaling products remain, they say. "We forecast 5.2% and 4.8% organic growth in fiscal 2028 and fiscal 2029--2-3ppts below expectations," they add. Shares are down 2.4% at 28.95 pounds.(najat.kantouar@wsj.com)
0836 GMT - High execution risk is the main concern for Banca Monte dei Paschi di Siena's all-share bids to buy rivals Banco BPM and Banca Generali, Equita Sim's Andrea Lisi says. Monte dei Paschi would have to simultaneously manage the integration of Mediobanca, the combination with Banco BPM and the acquisition of Banca Generali, which is more complex than Intesa Sanpaolo's rival takeover offer. "Indeed, the latter is underpinned by a strong industrial rationale and carries a more limited execution risk, also thanks to [Intesa] management's consolidated track record in both integrations and synergy delivery," Equita says. The twin takeovers would also require Monte dei Paschi shareholders to forgo the current share price premium from the Intesa offer, Equita adds. Shares are up 0.8% at 11.82 euros.
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