Mon. Feb 26th, 2024
J.P. Morgan Predicts Cooling Stock Markets in Europe

Trading on Wall Street is currently in a mixed trend, with the S&P 500 index rising by about 0.6% and closing above 5,000 points for the first time. However, the Dow Jones index fell by about 0.1%, and the Nasdaq recorded increases of about 1.2%. Several intriguing reports are expected to emerge this week, including those from Coca-Cola, IRB, Paramount Global, Cisco Corp, Occidental Petroleum, Coinbase Global, Applied Materials, and Rocco.

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

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

This week will bring new data including unemployment data in Great Britain

By Editor

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