US markets headed for gains at the open
Following the long holiday weekend, Wall Street is set for a green opening, as futures suggest a 300 point increase for the DJ30. Last week, major indices showed impressive gains, as both the NSDQ100 and SPX500 climbed more than 4% over 4 days of trading. Markets today may be affected by the ISM Non-Manufacturing PMI report, to be released at 15:00 GMT.
Today’s highlights: China50 jumps 6%
- Low volatility continues in crypto markets: The cryptocurrency markets maintained its relative stability over the weekend and the past 24 hours. Since yesterday, 6 of the top 10 cryptos showed price movements lower than 0.5%, including Bitcoin, which was nearly flat, holding between $9,000 and $9,100.
- PharmaMar jumps on coronavirus test results: Spanish pharma giant PharmaMar announced last Thursday that its Aplidin treatment for Covid-19 showed impressive results in a test in South Korea. As a result, the PHM.MC stock spiked more than 15% on Friday. For the most recent and significant price movements in markets, check out the Market Movers page on eToro.
Stocks earnings releases on 07/07/2020
Earnings season resumes next week: To follow upcoming earnings reports, go to eToro’s Earnings Reports Calendar.