Analyst View Market performances across the US markets were mixed with the S&P 500 and Dow Jones sliding back marginally by 0.08% and 0.15% respectively to the previous day while Nasdaq was green. Interestingly the Asian markets bounced back marginally by 0.51% and 0.4% for both the HSI and Shangai respectively despite the Evangrande crisis. Euro FTSE traded higher despite the China nerves in anticipation of US Fed market correction.
The OECD in its recent report said the U.S. economy is losing momentum in its recovery from the coronavirus pandemic. However, the gas crisis in Britain still roils on amongst energy companies and it might require government intervention.
Bitcoin continued bouncing between losses and gains dipping as low as the $40K level over the past 24 hours before moving back above the $43K level midday.