This morning, the crypto market was mixed. Bitcoin (BTC/USD) is changing hands at just over $61,000 at the time of writing. Today, it climbed by around 2%. Gradually, it’s approaching its all-time peak of $64,800, achieved in April this year. Of the other top 10 cryptos, XRP (XRP/USD) lost around 3% and Cardano (ADA/USD) around 1%. Ethereum (ETH/USD) also registered small losses.
Oil prices pass $82 thresholdAfter passing $80 last week, which happened for the first time since 2014, oil prices continued to climb today. With pandemic restrictions loosening, demand recovering, and power generators offering a solid boost, oil has passed the threshold of $82. Generators are gradually switching from gas to oil.
US stocks in the green, in part thanks to retailUnexpectedly positive retail sales data gave US stocks a boost. Last week, all of the major US stock indices registered gains. The NASDAQ100 was the biggest winner with +2.2%. Stocks were helped by retail sales data released at the end of last week.
Although market analysts expected retail sales to drop in September, consumers spent 0.7% more than in August. Retail sales are up 13.9% y/y.
Amazon up 3.7% last weekThe consumer discretionary sector added 3.6% on the SPX500 last week. One notable contributor to that was Amazon, who gained 3.7% over the week. So far, however, the e-commerce giant is lagging behind the broader US market with a y/y return of less than 5%.
UK100 recovers from COVIDThe UK100 added 2% last week, approaching pre-pandemic levels. The index’s return is now 12% y/y.
Eastern markets downAsian markets were down today. The JPN225 registered small losses. The HKG50 was down 1%, and the China50 – 2.2%.
Alcoa hits a yearly highAluminum manufacturer Alcoa reached a 52-week peak. The company’s shares rose by 15% on Friday. This happened after they reported their highest quarterly net revenue ever.
European markets open flatToday, European markets opened almost flat. The GER40 was down 3 points, the UK100 was down 1 point, and the FRA40 was up 4 points.
The post Market highlights: Oil keeps rising, Bitcoin follows steady upward trajectory appeared first on Invezz.
