Cryptocurrencies continue to show gains
After registering massive gains last week, with many cryptos reaching levels not seen in months, the crypto market remained mostly positive over the weekend. Over the past 24 hours, 7 of the top 10 cryptos registered gains, including Bitcoin, which was up around 3% at the time of writing, crossing the $5,300 mark, and Ethereum, which led the top 10 climbing around 9%.
Today’s highlights: US and China reportedly closer to a trade deal
- The US and China to resume trade talks this week: Top economic advisor for President Trump, Larry Kudlow, told Bloomberg that a trade deal between the two nations is getting “closer and closer,” and that both sides will continue negotiations this week via teleconference.
- Wall Street closes higher: Positive job data, coupled with renewed optimism regarding a US-China trade deal, pushed markets higher on Friday, as the DJ30, SPX500 and NSDQ100 all registered gains, notching a 2-week winning streak. Several stocks reached new all-time highs, including Starbucks and McDonald’s.
Earnings season to return this week: Publicly traded companies will begin sharing their earnings reports for Q1 of 2019 this week. Kicking off the season are major banks, Such as JPMorgan Chase and Wells Fargo, which will share their reports this Friday. To follow upcoming earnings reports, check out the eToro Earnings Calendar. Please note that maximum leverage for CFD stocks will be limited to X5 one day ahead of earnings report releases. X10 leverage will be available again soon after the report is published.
The post eToro Daily Update
08/04/2019 appeared first on eToro.