Microsoft reaches a new all-time high
Wall Street once again closed little changed yesterday, as the DJ30 registered slight declines, the NSDQ100 closed slightly higher and the SPX500 closed flat, yet very close to its all-time high. After approving a $40 billion share buyback, Microsoft, the world’s most valuable publically traded company, climbed to close more than 1.8% higher and reach a fresh all-time high.
Today’s highlights: Cryptos climb higher
- Cryptos show recovery: Ahead of the Bakkt launch this Monday, the cryptocurrency market registered gains over the past 24 hours, as the majority of top 10 cryptos were in the green at the time of writing. Bitcoin was up more than 3%, once again climbing above the $10,000 mark. The largest gains in the top 10 were registered by Ethereum, which rose more than 5%, while Stellar was the only top 10 crypto to record losses.
- Oil set for largest weekly gains in 3 months: As tensions in the Middle East between Saudi Arabia and Iran grow, oil prices continued to climb yesterday, however, were nearly flat this morning. After registering double-digit gains to start the week, the black gold later showed a massive correction, however, is still around 7% higher overall for the week – the largest weekly gain since June.
- GPB jumps on Brexit deal hopes: After the Bank of England kept its interest rates unchanged yesterday and warned against the negative impact of a Brexit delay, European Commission President Jean-Claude Juncker said that he is confident a deal could be reached between the EU and the UK before the latter leaves the former. As a result, the GBP rose more than 0.6% against the USD.
- Volatility expected for CAD: The monthly Core Retail Sales report will be released in Canada at 12:30 GMT, potentially impacting the Canadian Dollar.
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20/09/2019 appeared first on eToro.