Tech giant NVIDIA will release its latest quarterly results today, after Wall Street closing bell. Bitcoin is on selloff mode, down 5.7%.
In European stock markets approximately one hour after the opening the FTSE 100 is slightly down by 0.07%, with a loss of 5.52 points. CAC 40 has gained 0.29%, rising by 22.17 points, showing some positive momentum in the market. The German index DAX is performing well, up by 0.37% with a gain of 68.38 points and the IBEX 35 has risen by 0.14% .Euro Stoxx 50 benchmark index is up by 0.34%, gaining 16.87 points, reflecting overall positive sentiment across major European markets.
The commodities market is showing a downward trend across various assets. Gold is trading at 2,542.45, down by 0.41% or 10.45 points. Silver is experiencing a significant drop, trading at 29.970 with a 1.50% decline, losing 0.456 points. Crude Oil WTI is priced at 75.11, down by 0.56% or 0.42 points, while Brent Oil is at 78.20, reflecting a 0.58% decrease with a 0.46-point loss. Copper is also down by 1.20%, trading at 4.2520, losing 0.0515 points. Natural Gas is slightly lower, trading at 2.079, down by 0.29% or 0.006 points.
In the Forex market, the EUR/USD pair is down by 0.25%, trading at 1.1155, indicating a weakening Euro against the US Dollar. USD/JPY is up by 0.34%, trading at 144.43, reflecting a stronger US Dollar against the Japanese Yen. GBP/USD is slightly down by 0.09%, trading at 1.3242, showing a slight depreciation of the British Pound against the US Dollar. USD/CHF has gained 0.21%, trading at 0.8432, indicating a strengthening US Dollar against the Swiss Franc. USD/CAD is up by 0.08%, trading at 1.3451. EUR/JPY is up by 0.08%, trading at 161.16 and AUD/USD is slightly up by 0.09%, trading at 0.6797, while NZD/USD is down by 0.11%, trading at 0.6241.
In the cryptocurrency market, both Bitcoin and Ethereum are experiencing significant declines. Bitcoin is currently trading at 59,189.1, down by 5.77%, with a loss of 3,625.8 points. Ethereum is also seeing a sharp drop, trading at 2,459.34, down by 8.41%, losing 225.70 points. The market is showing strong bearish momentum for these major cryptocurrencies.
In the US stock Index futures market, the Dow futures are virtually unchanged, trading at 41,354.00, down by just 2 points, showing a negligible 0.00% change. S&P 500 futures are slightly up by 0.09%, with an increase of 5.25 points, trading at 5,650.00. Nasdaq 100 futures are also positive, up by 0.17% or 33 points, currently trading at 19,686.75. Overall, the futures market is showing modest gains in the S&P 500 and Nasdaq 100, while the Dow remains flat.
