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Your day-ahead look for Feb. 7, 2025

A stronger dollar and economic uncertainty have weighed on crypto, but a new bipartisan push for clear regulations and congressional scrutiny of regulatory overreach could set the stage for a major breakout.

(Bloomberg) -- Bank of America Corp. strategists expect US stock-market outperformance to continue to fade after a relentless run was halted in the early part of 2025.Most Read from BloombergCitadel to Leave Namesake Chicago Tower as Employees RelocateNice Airport, If You Can Get to It: No Subway, No Highway, No BridgeNYC Sees Pedestrian Traffic Increase in Congestion-Pricing ZoneHow London’s Taxi Drivers Navigate the City Without GPSTransportation Memos Favor Places With Higher Birth and Marria

(Bloomberg) -- The US payrolls figures due later on Friday need to be just right — not too hot, and not too cold — for US stocks to keep rising, according to JPMorgan Chase & Co. Market Intelligence.Most Read from BloombergCitadel to Leave Namesake Chicago Tower as Employees RelocateNice Airport, If You Can Get to It: No Subway, No Highway, No BridgeNYC Sees Pedestrian Traffic Increase in Congestion-Pricing ZoneHow London’s Taxi Drivers Navigate the City Without GPSTransportation Memos Favor Pla

Life sciences company Avantor (NYSE:AVTR) fell short of the market’s revenue expectations in Q4 CY2024, with sales falling 2.1% year on year to $1.69 billion. Its non-GAAP profit of $0.27 per share was 4.5% above analysts’ consensus estimates.

Pinterest shares are jumping more than 20% in premarket trading Friday, a day after the social media service reported record monthly active users and fourth-quarter revenue that topped estimates.

Central banks around the globe have plenty of room to keep cutting interest rates, and a limited "decoupling" from the U.S. Federal Reserve could continue as it pauses its own policy easing, according to policymakers and analysts. Such a parting of the ways could cause problems for U.S. President Donald Trump, taking the sting out of his planned tariffs on trade and even raising the risk that U.S. companies and households will have to pay more to borrow. The Fed is the world's biggest central bank and usually leads others in setting the direction for policy.

Defying fears of a pandemic-driven Great Depression and bucking Federal Reserve interest rate hikes as well, the U.S. job market has hit what U.S. central bank officials are characterizing as a moment of stable full employment, with balanced wage and job growth and a low unemployment rate. As the job market signaled growing weakness last year and the unemployment rate rose, "the question was, are we going to settle in at full employment, or crash through" to yet higher joblessness, as has typically been the case when the unemployment rate rises, Chicago Fed President Austan Goolsbee said on Thursday.

A dip in activity was marked by a sharp decline in the number of transactions and a spike in demand from long-term holders may underpin the bitcoin price.

Yum China’s New York-traded shares jumped by 9.1% on Thursday, after the company reported resilient earnings and an expanded dividend.