Mixed Asian equities, with the Nikkei 225 index on the Tokyo stock exchange rising 0.25%; the Shanghai Stock Exchange is + 0.16%; Hong Kong, on the other hand, is under pressure, down by 0.35%, Sidney is + 0.22%, while Seoul falls by 0.35%.
Sentiment remains marked by uncertainty, after the Dow Jones Industrial Average and the S&P 500 reported fourth and second consecutive weeks of losses, respectively, last week.
Futures on US stock indices are currently not very moving.
“On the financial markets, the debate is now more about how quickly GDP will recover than on the form of recovery,” wrote analysts from ANZ Research, in a note reported by the CNBC website.
Oil prices rise, after losses last week, due to the bets of a return of the Iranian supply on the market.
The Iranian president has in fact said, according to some rumors, that the United States would be ready to lift the sanctions imposed on the oil, banking and shipping sectors.
During Asian trading, Brent and WTI futures nonetheless recovered ground, both climbing 0.83% to $ 66.99 per barrel and $ 64.11 per barrel respectively. Optimism prevails over the reopening of economies, thanks to the effect of vaccinations, which will lead people to return to travel, and therefore to rekindle the demand for gasoline and fuel.
On forex, the euro advanced 0.04% to $ 1.2185, dollar-yen down 0.07% to JPY 108.81; sterling flat against the dollar with a change of + 0.03% at $ 1.4154.
Bitcoin’s new tumble, which collapsed by around 16% in the last few hours, to $ 31,772.43 according to data from Coin Metrics, compared to $ 35,891.20 last Friday.
The number one cryptocurrency in the world remains up 268% from the same period last year but, along with Ethereum, has lost about 50% from the records reported last month. Ethereum also hit the $ 2,000 mark lower, plummeting around 18% to $ 1,868.79. the news concerning the decision of the Chinese cryptocurrency exchange platform Huobi to reduce or suspend certain services and products in some countries of the world, simultaneously stopping its mining services in China, in response to the crackdown on the crypto world imposed by Beijing.