China reports no new coronavirus deaths
For the first time since the pandemic began claiming lives, there have been no new COVID-19-related deaths reported in China, raising hopes that the spread is slowing down. This morning, markets in the East were mostly higher, as both the JPN225 and HKG50 indices were in the green at time of writing, while the China50 index was flat. To follow the most recent news regarding the global pandemic, check out eToro’s Ongoing Updates blog post.
19026.29 339.02 (1.81%)
Today’s highlights: Bitcoin tops $7,200
Futures point to lower opening on Wall Street: After yesterday showing a massive rally, with the DJ30, SPX500 and NSDQ100 all closing more than 7% higher, futures point to a correction today. At time of writing, the DJ30 is expected to lose around 150 points at the open.
Cryptocurrencies continue to climb: The cryptocurrency market remained on its positive trajectory over the past 24 hours, as nearly all cryptos registered gains. At time of writing, Bitcoin was up more than 4%, trading above $7,200, and Ethereum led the top 10 with gains of more than 14%.
UK Prime Minister in intensive care: Boris Johnson, who was hospitalized after being diagnosed with COVID-19, has been admitted to an intensive care unit, as his symptoms worsened.
Oil rises on production cut hopes: After yesterday falling more than 3%, oil recovered all of the previous session’s losses this morning. Traders are hoping that Thursday’s meeting between OPEC members and Russia will lead to a new production slowdown agreement, which will end the ongoing price war.
JC Penny jumps 18%: Following reports that the retail giant, which operates 850 stores in the US, has not asked for any concessions and has paid its rent this month, the JCP stock jumped 18%. For the most recent and significant price movements in markets, check out the Market Movers page on eToro.
Europe opens higher: The UK100 opened 15 points higher, the GER30 was up 97 points and the FRA40 opened 37 points higher.
22782.4 171.4 (0.76%)
168.023 2.8412 (1.72%)
29.41 0.64 (2.22%)
JCPJC Penney Co Inc
0.3043 0.0339 (12.54%)
Stocks earnings releases on 08/04/2020
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