The World in a Week:
How Major Markets Moved
Yields on long-term US Treasuries rose to their highest in almost twenty years, which means the government has to pay more to borrow. The Treasury then said it would buy back more of its own bonds, and yields eased. Stocks still ended lower.
The S&P 500 and Nasdaq both fell for the week, with tech hit hardest, since higher rates make expensive shares harder to justify. Japan's Nikkei was the weakest of the lot, down 3.93%, and India and China slipped slightly too. Britain's FTSE 100 was the only index to finish higher.
Money moved elsewhere. Gold ended the week up 5.41%, oil climbed close to $94 a barrel as US-Iran tensions worsened, and bitcoin gained 22%, its best run in more than two years, helped by traders who had bet against it being forced to buy back in.
#BitcoinStrongestWeekSinceMarch2023 #AnthropicIPOCouldTopSpaceXRecordReportsSay #NvidiaAIServerPricesRiseOver15% #BSTREndsCantorSPACGoPublicPlan #USCanadaTradeTalksCollapseCanadaVowsRetaliation
$GOLD.US $OILK.ETF $BTC
How Major Markets Moved
Yields on long-term US Treasuries rose to their highest in almost twenty years, which means the government has to pay more to borrow. The Treasury then said it would buy back more of its own bonds, and yields eased. Stocks still ended lower.
The S&P 500 and Nasdaq both fell for the week, with tech hit hardest, since higher rates make expensive shares harder to justify. Japan's Nikkei was the weakest of the lot, down 3.93%, and India and China slipped slightly too. Britain's FTSE 100 was the only index to finish higher.
Money moved elsewhere. Gold ended the week up 5.41%, oil climbed close to $94 a barrel as US-Iran tensions worsened, and bitcoin gained 22%, its best run in more than two years, helped by traders who had bet against it being forced to buy back in.
#BitcoinStrongestWeekSinceMarch2023 #AnthropicIPOCouldTopSpaceXRecordReportsSay #NvidiaAIServerPricesRiseOver15% #BSTREndsCantorSPACGoPublicPlan #USCanadaTradeTalksCollapseCanadaVowsRetaliation
$GOLD.US $OILK.ETF $BTC