• Sat. Mar 2nd, 2024

Mixed Markets: Europe and Wall Street, Asia Closed for Holidays, American Bonds, Commodities and Crypto Soar


Feb 12, 2024
J.P. Morgan Predicts Cooling Stock Markets in Europe

The trading day in Europe opened with a negative trend, although without significant changes. The British FTSE index fell by 0.3%, while the DAX and the KAC opened unchanged. In Asia, the stock exchanges of China, Hong Kong, and South Korea are closed for the Chinese New Year, with the stock market in Japan closed for the “National Day”. Wall Street futures trade in a mixed trend with minimal changes.

In America, government bonds traded in a mixed trend at the end of the week, with the yield on 10-year bonds decreasing slightly to around 4.17%. In the commodity and currency markets, American oil traded at $76.5 per barrel, while Brent oil traded at $81.7. Cryptocurrencies soared last weekend, with Bitcoin trading at $48,100 per coin and Ethereum at $2,500.

Several intriguing reports are expected to emerge this week from companies such as Coca-Cola, IRB, Paramount Global, Cisco Corp., Occidental Petroleum, Coinbase Global

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