Please note that due to market volatility, some of the scenarios may have already been played out and the information below is not an investment advice.
Crypto markets back to gains: Following several days of losses, cryptocurrencies were back to gains over the past 24 hours. At the time of writing, Bitcoin was up more than 5%, once again breaching the $7,500 mark. All top 10 cryptos were seen higher, including double-digit gains for Bitcoin Cash, XRP and Stellar.
Wall Street tumbles: Several factors caused markets in the US to show significant losses yesterday. In Italy, the President blocked the formation of an anti-Euro coalition, trade talks between the US and China hit a few difficulties, and the financial sector registered declines on Wall Street. JPMorgan fell more than 4.2%, joined by Goldman Sachs (-3.47%), Bank of America (-4.05%), Citigroup (-4.06%) and Morgan Stanley (-6.02%). As a result, the Dow Jones, S&P 500 and Nasdaq closed significantly lower.
Financial data to impact markets today: Following yesterday’s difficult session, several reports could further contribute to volatility today. The ADP NFP report, which serves as an indicator for the official report to be released on Friday, will be published at 12:15 GMT, followed by the quarterly Prelim GDP report at 12:30 GMT.
Asia follows Wall Street’s lead: Significant losses were seen in Asian markets this morning. At the time of writing, the Nikkei was down more than 1%, the Hang Seng lost more than 1.6% and the China50 index tumbled more than 2%.
Volatility expected for CAD: The Bank of Canada will be announcing its rate decision at 14:00 GMT, potentially impacting the Canadian Dollar.
SNB Chairman Jordan to speak today: Swiss National Bank Chairman Thomas Jordan is scheduled to deliver a speech at the WA de Vigier Foundation Award Ceremony at 14:45 GMT. Jordan’s words could potentially generate volatility for the CHF.
Europe opens mixed: While the FTSE and CAC opened 13 and 8 points lower respectively, the DAX opened 3 points higher.
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