Marketmind: Bitcoin is back, stocks wobble

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Prelude to the Best Sommelier of Canada Contest | SaltWireEarnings from big hitters, a crowded economic calendar and anxiety over the Israel-Hamas war will likely keep investors jittery as Europe wakes up, while bitcoin prices have struck an 18-month high.

Treasuries remain in the headlines with yields on 10-year notes briefly hitting 5% on Monday before quickly declining. It was last at 4.846% in Asian hours. Investor attention will be on flash PMIs from Britain, France, the euro zone and the United States, which will provide clues on the economic picture ahead of the central bank bonanza that starts with ECB meeting on Thursday.

In corporate news, tech bellwethers Microsoft and Google-parent Alphabet report earnings later on Tuesday.

 

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