Cryptocurrencies remain lower
Despite the much-anticipated launch of Bitcoin futures on the Bakkt platform yesterday, cryptocurrencies registered losses over the past 24 hours. Bitcoin fell around 2%, trading just below the $9,800 level at the time of writing, while Litecoin registered the largest losses of the top 10, falling more than 7%.
Today’s highlights: Economic slowdown fears impact Wall Street
- Wall Street closes nearly flat: Manufacturing activity in Germany, Europe’s largest economy, fell to its lowest levels since 2012, fueling concerns of a global economic slowdown. As a result, trading on Wall Street was tepid yesterday, resulting in the DJ30, SPX500 and NSDQ100 all closing nearly flat. However, several stocks did reach fresh all-time highs, including Procter & Gamble, Wal-Mart and Cloudflare, which went public earlier this month. The CB Consumer Confidence index, to be released at 14:00 GMT in the US, could impact markets today.
- Trade talks to resume in 2 weeks: US Treasury Secretary Steven Mnuchin yesterday said that the trade talks between Washington and Beijing will resume in 2 weeks. Most recently, the negotiations hit a snag when Chinese delegates cut short their visit to the US.
- Netflix turns negative for the year: The streaming giant started the year with incredible gains, rising around 46% in H1 of 2019. However, since peaking in May, and then again in July, the NFLX stock has been on a steady decline. Yesterday, it fell below the price levels it started the year with, givin up all of the gains registered in 2019.
Stocks earnings releases on 24/09/29
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24/09/2019 appeared first on eToro.