London Wrap: Crude Sinks Nearly 7% While Cardano Leads a Crypto Bid
Brent and WTI dropped almost 7% into the London close as crude dominated the tape, while Cardano jumped 8.5% and European indices held modest gains.
Brent and WTI dropped almost 7% into the London close as crude dominated the tape, while Cardano jumped 8.5% and European indices held modest gains.
Oil dropped more than 6% overnight while Cardano jumped 8.5% and US indices firmed. Here's where the majors and crypto stand at the start of the session.
Brent surged 7.4% and US crude 3.4% while the Nasdaq 100 dropped 2.9%. Gold firmed and the dollar softened broadly into the New York close.
Crude led the day with Brent up 7.35% as US indices sold off hard, the dollar softened across the majors, and gold firmed above $4,060.
Crude tumbled almost 4% to lead the day's losers while precious metals sagged and the Dow closed up nearly 1%. Here's the US session close in the numbers.
Oil led the session lower with a near-4% drop, silver and gold slipped, while UNI and Cardano paced a scattered crypto bounce. Here's where markets open.
US tech led the session lower with the Nasdaq 100 down 1.85%, while European indices firmed. Crypto and crude both slid into the New York close.
Continental equities closed higher into the London bell while the Nasdaq 100 and crypto led the retreat and crude sold off sharply. Here's the European wrap.
Altcoins slide with XTZ down 7%, the Nasdaq 100 falls 1.85% and the Nikkei drops 2.3% as crude and silver retreat to open the week.
WTI crude fell 6.5% and Brent 5.9% to close the US session, while silver, gold and Wall Street indices climbed and Ethereum led crypto gains.
Oil led the day's losers with WTI down 6.5% and Brent off 5.9%, while European indices, silver and gold all firmed into the London close.
WTI dropped 6.5% and Brent 5.85% to close the US session, while silver, gold and a broad equity bid firmed. Ethereum and Uniswap led crypto gainers.