Home Stock Market highlights: Wall Street down, UK markets up, Bitcoin steady

Market highlights: Wall Street down, UK markets up, Bitcoin steady


Yesterday, most cryptos were in the red. Many in the top 10 by market cap lost as much as 5%, some more. Bitcoin (BTC/USD) remained stable at above $56,500. Shiba Inu (SHIB/USD) gained more than 12%, but its double-digit growth is hardly a surprise for anyone now. A drop would surprise us.

All major US stock indices in the red

All of the major US stock indices were in the red. Until noon, the SPX500 was in the green, but lost ground throughout the afternoon. Southwest Airlines, Etsy, and another three of the index’s constituent stocks lost more than 4%. Global Payments was the biggest loser in the NASDAQ100, ending the day with a drop of 5%. The company’s total loss y/y is 30%.

Oil passes $80 threshold

Oil is holding above $80, of which the main beneficiary has been renewable energy stocks. As oil and gas prices climb against the backdrop of an energy crunch, the stocks of renewable energy producers are increasing correspondingly. One winner is solar energy firm Enphase Energy, whose stocks rose by 4.5% yesterday.  

Finance and mining push UK100

Yesterday, the UK100 added 0.7%. Mining stocks mainly accounted for this as the prices of aluminum and copper grew. The winners were Anglo American, Antofagasta, Rio Tinto, and Glencore with gains of 5.2%, 4.2%, 3.5%, and 3.3%.

Standard Chartered, NatWest Group, HSBC, and Lloyds Banking Group all rose by more than 2%. Lloyds has gained more than 30% y/y and 7% this week alone. At the other end of the continuum is internet grocer Ocado Group, who have lost more than 30% y/y, 15% of which in October. Yesterday, Ocado lost 3.6%.

Eastern markets lower

Asian markets were in the red this morning. The Japanese, Hong Kong, and Chinese exchanges all registered losses.

European exchanges down

The big loser was GER40, down by 99 points. FRA40 opened 51 points lower today. The UK100 opened 43 points lower.

Finally, ecommerce corporation ASOS lost 12.7% after making an announcement that they were replacing their CEO and publicizing disappointing earnings.

The post Market highlights: Wall Street down, UK markets up, Bitcoin steady appeared first on Invezz.

You may also like