Wall Street expected to extend gains
The positive momentum on Wall Street is expected to continue. Yesterday, markets finished in the green, as the DJ30 finished more than 2% higher and the SPX500 and NSDQ100 also registered gains. This morning, futures indicate more gains on Wall Street, as the DJ30 is expected to open 100 points higher. US markets may also be affected by prelim GDP data, to be released at 13:30 GMT.
25811.35 227.5 (0.89%)
Today’s highlights: Bitcoin climbs above $9,000
Cryptos show gains: The cryptocurrency market was seen higher over the past 24 hours, as all top 10 cryptos were in the green this morning. At time of writing, Bitcoin was up more than 3%, leading the top 10 and trading above the $9,000 mark.
Oil seen lower: The black gold registered losses this morning, following a surprise increase in US stockpiles. At time of writing, oil prices were down more than 1%.
Asian markets mixed: The JPN225 continued to show gains this morning, up more than 2% at time of writing, and the China50 index was also seen higher. However, after US Secretary of State Mike Pompeo yesterday said that Hong Kong is no longer independent from China, the HKG50 showed losses this morning, before recovering to trade around the flatline at time of writing.
Macy’s jumps on bond offering: The American retail giant yesterday announced that it will be raising more than $1 billion in a new bond offering, causing its stock to leap more than 19%. For the most recent and significant price movements in markets, check out the Market Movers page on eToro.
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Europe opens higher: The UK100 opened 73 points, the GER30 was up 146 points and the FRA40 opened 58 points higher.
9097.93 78.74 (0.87%)
31.99 -0.29 (-0.9%)
7.36 1.19 (19.29%)
Stocks earnings releases on 28/05/2020
MRVLMarvell Technology Group Ltd
Earnings season continues: To follow upcoming earnings reports, go to eToro’s Earnings Reports Calendar.
* 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.