one hour ago
European stocks open higher
European stocks opened higher on Monday, with the Stoxx 600 index up 0.5% by 8:05 a.m. London time.
The British FTSE 100 index rose by 1.1%, while the French CAC 40 index rose by 0.5%, and the German DAX index rose by 0.7%.
4 hours ago
Safe-haven assets decline as fears of a broader conflict in the Middle East ease
Risk asset prices jumped while safe haven asset prices fell on Monday as fears of a broader conflict in the Middle East eased.
Bitcoin rose 1.56% to trade at $65,713.97, according to Coin Metrics, with most Asian stock markets higher, led by Hong Kong's Hang Seng Index.
The Japanese yen, considered a safe-haven asset, fell slightly to 154.7 yen, while spot gold prices fell 0.87% to $2,369.58 per ounce.
Oil prices, which initially rose after news of Israel carrying out a strike against Iran, also fell. Brent crude futures fell 0.73% to $86.65 on Monday, while US West Texas Intermediate crude futures fell 0.84%, to trade at $82.44.
– Lim Hui Ji
7 hours ago
China leaves key loan interest rates unchanged
Central Bank of China Base interest rates are left for one- and five-year loans Interest rates were unchanged at 3.45% and 3.95% respectively on Monday.
The one-year LPR is seen as the link for most household and business loans, while the five-year LPR is the standard for most mortgages.
The decision was in line with a Reuters poll, which expected the two prices to remain unchanged.
China's CSI 300 index rose 1.9% last week.
– Shreyashi Sanyal
8 hours ago
Tesla cuts prices globally after deliveries drop in the first quarter: Reuters
Electric car giant Tesla has reduced its car prices globally after its first-quarter deliveries fell for the first time in nearly four years.
Reuters reported The company reduced its starting price Model 3 in China To 231,900 yuan (32,000 US dollars), a decrease of 14,000 yuan.
In Germany, Reuters reported the price Model 3 rear wheel drive The price has also been reduced to €40,990 ($43,670.75) from €42,990, where the price has been since February.
Checks by CNBC showed that China and Germany's websites reflect updated prices.
A Tesla spokesman told Reuters that there are also price cuts in several other countries in Europe, the Middle East and Africa.
— Lim Hui Ji, Reuters
9 hours ago
Bitcoin traded near $65,000 after the halving
Bitcoin's price was little changed on Sunday evening, hovering near $65,000.
That's close to where the largest cryptocurrency will be on Friday before the so-called “halving,” which slows bitcoin issuance by reducing miners' rewards.
Bitcoin's price has risen between each previous halving, but some experts say there may be a near-term downside to the cryptocurrency.
See chart…
Bitcoin price was relatively quiet over the weekend following the cryptocurrency's other “halving.”
– Jessie Pound, Tanaya Machel
11 hours ago
Futures open higher
The three major futures contracts rose at the opening of trading at 6pm in New York. Dow Jones futures briefly rose 100 points.
-Jesse Pound
11 hours ago
Last week in review
Here's where the major averages stand after the tech sector's decline on Friday:
- The S&P 500 fell 0.88% on Friday, the sixth straight negative session.
- The S&P 500 ended the week down 3.05%.
- The Nasdaq Composite fell 2.05% on Friday, the sixth straight negative session.
- The Nasdaq Composite ended the week down 5.52%.
- The Dow rose 211 points, or 0.56%, on Friday, the second positive session in a row.
- The Dow Jones Index ended the week up by 0.01%.
– Jesse Pound, Christopher Hayes
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