XRP skyrockets on Bank of America deal
Currently ranked 3rd by market cap, cryptocurrency XRP exhibited a massive jump of more than 50% over the past 24 hours, after its parent company, Ripple, announced that Bank of America is a RippleNet client. Cryptocurrency XLM, which uses a similar protocol to that of XLM, also jumped 50%. Bitcoin was not affected by the news, still holding around the $18,300 mark.
0.7059 0.1396 (24.65%)
Today’s highlights: Wall Street rally on political news
Wall Street headed for more gains: Following news that President-elect Biden has chosen former Fed Chair Janet Yellen as his Treasury Secretary, Wall Street ended higher yesterday, as the DJ30, SPX500 and NASDAQ100 all closed in the green. At time of writing, markets are expected to maintain this momentum, as DJ30 futures indicate a 200-point increase at the open, following news that the Trump administration has finally begun the transition of power.
Electric carmakers continue to race ahead: Both Tesla and NIO showed impressive gains yesterday, climbing 6.6% and 12.45%, respectively, both reaching new all-time highs. For the most recent and significant price movements in markets, check out the Market Movers page on eToro.
Oil at 3-month high: The black gold continued its positive momentum, as vaccine news keep hopes of global travel reopening afloat. This morning, oil prices were trading above $43.5, a price level not seen since late August.
Asian markets mostly higher: The JPN225 popped more than 1% this morning, while the HKG50 also registered gains. At the same time, the China50 index was seen in the red.
Commodity expiration: Please note that futures contracts for Palladium and Copper will expire on eToro tomorrow and on Friday, respectively, at 19:00 GMT.
Europe opens higher: The UK100 33 points higher, the GER30 was up 86 points and the FRA40 opened 32 points higher.
55.42 6.17 (12.53%)
43.52 0.65 (1.52%)
Stocks earnings releases on 24/11/2020
Stocks earnings releases on 25/11/2020
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.