(Bloomberg) — Markets opened the year on a cautious footing as mounting tensions in the Red Sea drove oil prices higher and weak Chinese data weighed on Asian shares.
Most Read from Bloomberg
US equity futures were little changed, while Europe’s Stoxx 600 traded 0.3% higher, buoyed by oil companies as traders awaited euro-zone manufacturing statistics. Chinese shares fell after the factory data and a speech from President Xi Jinping that flagged headwinds facing the economy.
Oil jumped jumped after Iran dispatched a warship to the Red Sea in response to the US Navy’s sinking of three Houthi boats over the weekend, adding to pressure as ships continue to avoid the key waterway.
Bitcoin climbed above $45,000 for the first time in almost two years as anticipation of an approval of an exchange-traded fund investing directly in the biggest token intensified.
Signs of exhaustion have emerged after a more than $8 trillion surge in the S&P 500 last year.
“With an especially rare S&P…
2024-01-02 01:45:03
Article from finance.yahoo.com
rnrn
(Bloomberg) — Markets opened the year on a cautious footing as mounting tensions in the Red Sea drove oil prices higher and weak Chinese data weighed on Asian shares.
Most Read from Bloomberg
US equity futures were little changed, while Europe’s Stoxx 600 traded 0.3% higher, buoyed by oil companies as traders awaited euro-zone manufacturing statistics. Chinese shares fell after the factory data and a speech from President Xi Jinping that flagged headwinds facing the economy.
Oil jumped jumped after Iran dispatched a warship to the Red Sea in response to the US Navy’s sinking of three Houthi boats over the weekend, adding to pressure as ships continue to avoid the key waterway.
Bitcoin climbed above $45,000 for the first time in almost two years as anticipation of an approval of an exchange-traded fund investing directly in the biggest token intensified.
Signs of exhaustion have emerged after a more than $8 trillion surge in the S&P 500 last year.
“With an especially rare S&P…
2024-01-02 01:45:03
Article from finance.yahoo.com
rnrn