London Wrap: Crypto climbs, European stocks slide
Cardano and Ethereum led a crypto bounce while the Euro Stoxx 50 fell 1.1% and platinum group metals tumbled. Oil extended its weekly gain.
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Cardano and Ethereum led a crypto bounce while the Euro Stoxx 50 fell 1.1% and platinum group metals tumbled. Oil extended its weekly gain.
USD-quoted crypto and metals edged higher after the US ISM Manufacturing PMI landed at 14:00 UTC on 1 September, with Polygon leading the move.
The US ISM Manufacturing PMI lands at 14:00 UTC on Sept 1, forecast 55.2 vs 55.6 prior. Here's what it measures and how USD-linked instruments are trading.
Cardano, Ethereum and XRP lead a broad crypto lift while palladium and platinum sink and Brent holds above $90 to open September.
A packed 24 hours: euro area CPI flash, US ISM manufacturing and JOLTS, Australian GDP, and an RBNZ decision expected to lift the cash rate to 2.75%.
Oil led the majors with WTI up 1.42% while the Nasdaq 100 slipped 0.73%. Crypto stayed mixed as UNI surged 9.57% and MATIC dropped 7.64%.
European indices closed mostly firmer as USOil rose 1.42% and UKOil 1.35%, while Wall Street softened and the Nikkei shed 1.5%.
Uniswap led crypto with a 9.6% jump while Polygon slid 7.6%; oil climbed above 1.4% and the Nikkei fell 1.5% as majors stayed quiet.
German preliminary CPI at 06:29 UTC is the standout release in the next 24 hours, with the monthly figure seen cooling to 0.3% from 0.8%.
A packed week ahead with the RBNZ and BOC rate decisions, plus US non-farm payrolls Friday. Full day-by-day breakdown with forecasts and previous prints.
Solana led crypto with a 6.5% gain and Bitcoin cleared $80k, while crude rose over 2% and European stocks slipped into the US close.
Solana jumped 6.5% and crude climbed over 2% while Europe's bourses faded, with the CAC 40 down 1.4% into the London close.