FTSE 100 Live: Stocks to rise; oil climbs further on Iran-US tensions
Welcome back to the City AM FTSE 100 live blog. It’s Monday morning and London’s blue-chip index is set to rise as investors settle in for the final few days of speculation ahead of John Healey’s first Budget on Wednesday. Investors will be on alert following Friday’s surge in oil prices, which came amid rising [...]
Brent crude prices have dropped below $110 per barrel, marking a 6% decline from Friday's high, as hopes for a potential US-Iran deal ease fears of further geopolitical tensions. Iran is currently hosting officials from Saudi Arabia, Pakistan, and Turkey following a visit by Qatari delegates, according to the Financial Times.
Brazil's stock market has plummeted by 20% in response to President Luiz Inácio Lula da Silva's unexpected victory for a fourth term in office. The country's stock ETF, the iShares MSCI Brazil, has lost 26% in pre-market trading.
Cryptocurrency markets are showing mixed signals, with Bitcoin hovering just above $80,000 and gold trading just above $4,000 an ounce. The Invesco QQQ Trust, an index fund tracking the performance of 100 large-cap U.S. technology companies, remains flat despite ongoing concerns about the impact of artificial intelligence on the economy.
Major tech companies, Microsoft and Amazon, are set to release their quarterly earnings reports this week, which could provide valuable insights into their financial performance. In addition, interest-rate decisions from key central banks, including the Federal Reserve, Bank of Japan, and European Central Bank, will be closely monitored as they could have significant implications for global financial markets.
Written by urgent.news from CoinDesk's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
