- European indices end the day mostly higher
- Wall Street rebounds
- Bitcoin jumped above $38000
European indices finished today's session slightly higher, with DAX up 0.6%, and the FTSE 100, CAC 40, and IBEX 35 ending almost flat, while the FTSE MIB rose 0.7% following upbeat economic data and ahead of the UN Security Council’s meeting regarding the Ukraine crisis. The Eurozone economy expanded 0.3% in the final quarter of 2021 in line with market expectations while the Italian economy advanced at a faster-than-anticipated 0.6%. Germany’s inflation rate slowed less than expected to 4.9% in January. This week investors’ attention will focus on ECB monetary policy decision on Thursday.
Wall Street indexes rebounded on the final trading day of January. S&P 500 rose 1.1%, reducing its losses for the month to 5.99%. The Dow Jones rose 0.5%, cutting its loss for the month to just under 4% as it benefitted from its underweighting in tech shares. Nasdaq jumped 2.4% today. The index is still down 9.8% for January, also its worst month since March 2020.The payrolls report, JOLTS, and ADP figures will also be in the spotlight this week.
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Create account Try a demo Download mobile app Download mobile appMixed moods prevail today in commodity markets amid weaker dollar and higher yields. US 10-year Treasury jumped to1.80% while gold rose 0.5% and is approaching $1,800.00 level. Silver fell 0.3% and is testing $22.40 level. WTI erased early losses and is trading 0.65% higher around $88.00 level, while Brent fell below $89.00. Major cryptocurrencies moved higher during today's session. Bitcoin price jumped above $38 000 while Ethereum is testing $2680 level.
Bitcoin starts the week in a positive mood. Looking at the technical situation on the D1 interval, we are dealing with two contradictory signals. On the one hand, a broad head and shoulders appeared which often heralds further declines. On the other hand, the sell-off slowed down around the major support at $ 33,200, which is marked with lower limit of the wide 1:1 structure. Source: xStation5
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