Wall Street set for more gains
The positive momentum in US markets continued yesterday, as the DJ30 hit a 1-month high and the SPX500 and NASDAQ100 also closed in the green. The recent gains are attributed to optimism regarding the possibility of a new stimulus package being passed by the US Senate. This morning, Wall Street is set to continue its positive momentum, as DJ30 futures indicated opening gains of 100 points at time of writing.
Today’s highlights: Cryptos continue to climb
- Bitcoin trying for $11,000 again: The cryptocurrency market remained in the green over the past 24 hours, as all top 10 cryptos were up at time of writing. Bitcoin showed gains of more than 2%, nearing the $10,900 mark. Ethereum also remained on the recovery path, up more than 2.5% this morning.
- Oil corrects after surge: The black gold climbed another 3% yesterday, fueled by several oil rigs in the US shutting down due to Hurricane Delta. While taking a step back this morning, oil was still trading at levels not seen in more than a month.
- Rolls Royce soars more than 22%: The luxury car and high-capacity engine maker yesterday closed 22.8% higher, after announcing a £1 billion convertible bond offering. For the most recent and significant price movements in markets, check out the Market Movers page on eToro.
- Volatility expected for CAD: The Canadian Dollar may be impacted today by the release of the monthly Unemployment Rate and Employment Change reports, to be published at 12:30 GMT.
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* Please note that due to market volatility, some of the prices may have already been reached and scenarios played out.
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