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Markets rebound after European session close

5:13 PM 31 May 2022

Equity and crypto markets are trying to unwind the declines from the first part of the session, and the closing of the indices from the Old Continent brought a rebound on the US instruments. BTC is back above $32,000 and the US100 is climbing above 12,700 points. Investor sentiment is supported today by easing tightening in China and higher than expected Sentiment Board sentiment for May. Markets are currently awaiting a meeting between Powell and Biden. 

 

Chart of the US100 index and Bitcoin quotes. Interval H1. Source: xStation 5

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