Premarket: Tepid start to week for world stocks, but gold, bitcoin shine

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 46 sec. here
  • 16 min. at publisher
  • 📊 Quality Score:
  • News: 71%
  • Publisher: 92%

Newsletter Berita

Marketupdate,Tsx,Stocks

Trump trades continue to gain momentum

Global stocks kicked off the week on a tepid note on Monday, after strong gains last week, while increasing bets on Donald Trump winning the looming U.S. Presidential election helped send bitcoin and gold to new peaks.

“Earnings will be very important in giving direction to stocks - whether or not current U.S. valuations can be justified,” said Chris Scicluna, head of economic research at Daiwa Capital Markets in London. Although China cut its benchmark lending rates on Monday, the move was anticipated. China’s blue-chip index rose just 0.2% as investors awaited further details on Chinese stimulus.

“ seems now that Trump’s ahead in the key battleground states, which suggests he’s quite well placed to regain the White House and I think the markets started to factor that in last week with the stronger equities, higher yields, U.S. dollar obviously doing very, very well and bitcoin on track for a 10% gain over the past week,” said Tony Sycamore, a market analyst at IG.

Sterling and the euro were down about 0.2% each against the dollar, while the U.S. currency traded 0.25% firmer at 149.91 yen .

Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

 /  🏆 5. in İD
 

Terima kasih atas komentar Anda. Komentar Anda akan dipublikasikan setelah ditinjau.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Premarket: World stocks, Wall Street futures firm as more easing imminentInvestors turned their attention to China and Switzerland as the next central banks to add vim to the global economy
Sumber: globeandmail - 🏆 5. / 92 Baca lebih lajut »

Premarket: Traders await U.S. inflation test, China revives stocks rallyU.S. futures sit lower ahead of key economic release
Sumber: globebusiness - 🏆 31. / 66 Baca lebih lajut »