Today’s highlights
- US markets lower
- Bitcoin falls below $50K
- UK markets finish higher
Wall Street back in the red
All of the major US stock indices were in the red yesterday, but the NASDAQ100 fell hardest at -1.2%. Chipmakers were a drag on the index, with Nvidia and Advanced Micro Devices both lower. Tesla also fell, closing the day down 3.3%. In the DJ30 only four stocks were in the green, with none of those up by more than 0.5%. The SPX500 was in positive territory midday, but tumbled in the afternoon after President Biden unveiled a tax plan that includes a large increase in tax on investment returns for wealthy investors.
Bitcoin slips below $50,000
For the first time since early March, Bitcoin fell under the $50,000 mark, leading an overall bearish trend in crypto markets. Over the past 24 hours, Bitcoin fell around 8%, with 7 other top 10 cryptos registering double-digit losses at time of writing. Some of the largest declines were registered by XRP, which fell around 20%.
UK markets stay afloat
The UK100 was up 0.6% yesterday with several stocks adding more than 3%. Precious metals miner Polymetal International, property listing website Rightmove and credit agency Experian were amongst that group. Polymetal’s share price is in negative territory year-to-date, but it has gained 14.7% over the past three months.
Other highlights
Oil on the rise: After yesterday finishing slightly higher, oil prices remained in the green this morning, inching towards the $62 mark at time of writing.
Asian markets higher: Major indices in the East were in the green this morning. The China50 index was up more than 1%, joined by the HKG50 and JPN225.
ECB keeps policy unchanged: The European Central Bank yesterday shared its Monetary Policy Report, indicating that it is currently continuing with its significant stimulus measures. This had a positive impact on markets in Europe.
Nikola pops on hydrogen station news: Electric truck maker Nikola yesterday unveiled plans to open its first hydrogen fueling stations in California in Q1, 2023. As a result, the NKLA stock jumped more than 14%. For the most recent and significant price movements in markets, check out the Market Movers page.
Europe opens lower: The UK100 opened 22 points lower, the GER30 was down 44 points and the FRA40 opened 9 points lower.
- Cryptoassets are a highly volatile unregulated investment product. No EU investor protection. Your capital is at risk.
- Please note that due to market volatility, some of the prices may have already been reached and scenarios played out.
- The information above is not investment advice.
