Health
World shares, dollar climb; bitcoin hits record high
字号+ Author:Smart News Source:Business 2025-01-14 04:11:25 I want to comment(0)
LONDON: US and European stocks mostly climbed, while the dollar rose and bitcoin extended a record on Monday, as traders took their lead from events in the United States and China. Chinese stock markets closed mixed and oil prices slid after China’s latest plans to stimulate its economy fell short of expectations. Wall Street’s three main indices solidly into record territory at the opening bell. “Last week’s huge post-election rally hasn’t run out of gas yet,” said analyst Patrick O’Hare. Stocks rallied last week on hopes that a second Donald Trump — supported by a Republican Congress — would push through a slew of business-friendly policies including deregulation and tax cuts, offsetting concerns about possible trade wars. O’Hare said there were no new developments fuelling the rise. “In effect, it is a carryover of the ‘old’ news of the election outcome powering an ongoing momentum trade and a fear of missing out on further gains,” he said. But the S&P 500 trimmed its gains during morning trading and the Nasdaq Composite was essentially flat as European markets closed. “If more rate cuts from the Fed continue to be what is expected, then we could see further positive sentiment in US stocks,” said Daniela Sabin Hathorn, senior market analyst at . Bitcoin hit an all-time high above $84,000 Monday on optimism that Trump would ease regulations surrounding the cryptocurrency. “We shouldn’t expect this bullish trend to be interrupted for a long time — about a year,” Stephane Ifrah, of French crypto asset management company Coinhouse, told . “The next level for me is $100,000.” European stocks saw solid gains.
1.This site adheres to industry standards, and any reposted articles will clearly indicate the author and source;
Related Articles
-
Iran preparing to ‘respond’ to Israel: Supreme leader’s adviser
2025-01-14 03:51
-
Human Metapneumovirus present in Pakistan since 2001: NIH
2025-01-14 03:24
-
Human Metapneumovirus present in Pakistan since 2001: NIH
2025-01-14 02:51
-
Human Metapneumovirus present in Pakistan since 2001: NIH
2025-01-14 02:20
User Reviews
Recommended Reads
Hot Information
- ANP vows to protect 18th Amendment
- Human Metapneumovirus present in Pakistan since 2001: NIH
- Human Metapneumovirus present in Pakistan since 2001: NIH
- Human Metapneumovirus present in Pakistan since 2001: NIH
- ‘General Hospital’ actress Leslie Charleson dies at 79
- Human Metapneumovirus present in Pakistan since 2001: NIH
- Human Metapneumovirus present in Pakistan since 2001: NIH
- Human Metapneumovirus present in Pakistan since 2001: NIH
- The extension game
Abont US
Follow our WhatasApp account to stay updated with the latest exciting content