Global stock indexes – MSCI Global – February 11 session lasted a series of 9 consecutive sessions, adding 0.25%, in which US stocks rose thanks to technology stocks.
The main indexes of Wall Street recently broke their own high record as investors expected in the stimulus package of 1.9 trillion USD. In the past session, the S&P 500 index gained the most, adding 6.5 points (0.17%) to 3,916.38 points thanks to the increase of 1.1% in the technology stocks index; The Nasdaq Composite was also 53.24 points, or 0.38%, to 14,025.77, while the Dow Jones Industrial Average fell 7.1 points (0.02%) to 31,430.7 points.
The STOXX 600 index across Europe rose 0.46%.
World stocks rose to a record high
Asian stock indexes (MSCI Asia-Pacific) last session continued to rise to a new record high, when Asian stocks excluding Japan rose 0.1%, from the beginning of the year so far increased by over 10%. Japanese stocks are 30 years high, while Australia’s main indexes are 11 months high.
Asian stocks increased simultaneously since the beginning of 2021
Bitcoin in the same session also soared to an all-time high after BNY Mellon, America’s oldest bank, announced plans to hold, transfer and issue Bitcoin and other cryptocurrencies as a Property manager on behalf of its clients.
After a long shunned by traditional financial firms, bitcoin has finally become the mainstream.
Bitcoin at the opening of Feb. 11 hit a new historic high of $ 48,481.45, ending the session remaining at a high of $ 47,932, up 6.9% from the previous session. This virtual currency has increased in price by about 66% since the beginning of the year, and has increased by about 1,200% from mid-March 2020 until now.
BNY Mellon is hardly the first in traditional finance to adopt digital assets, with companies like Fidelity Investments already in the game. However, it is the first national bank to commit to introducing crypto custody to its customers in the short term, ie “later this year”.
BNY Mellon’s announcement comes just days after Elon Musk’s Tesla revealed that it has purchased $ 1.5 billion worth of cryptocurrency and will soon accept it as a form of payment for its cars. me.
Billionaire Elon Musk, CEO of Tesla has also stated that Bitcoin is “on track” to be widely accepted by investors and questioned whether it is possible to make large transactions with this currency. is not. It is known that Elon Musk has stirred Wall Street in the past year and quickly became the richest man in the world when Tesla’s stock value increased by nearly 500%, thereby making this “big man” become a valuable company. America’s fifth highest.
USD The past session has declined against a series of major currencies due to bad news about the US labor market and inflation. The US inflation in January was 0%, lower than the forecast of analysts of 0.2%.
The dollar index was at 90,393, twinsh has dropped the most (weekly) since mid-December. The dollar has recently become more sensitive to the prospect of US interest rates.
Over the past few years, when the demand is strong for high-risk assets, the value of the dollar has fallen, while geopolitical and financial tensions, investors have turned to USD as a safe haven asset.
World currency rates
Oil prices decreased in the 11/2 session after 9 consecutive gains, as the Organization of the Petroleum Exporting Countries (OPEC) and the International Energy Agency (IEA) were both concerned about new blockades against Covid-19 and The emergence of new variant Covid-19 viruses reduces the outlook for gasoline demand. Brent oil fell 33 cents (0.5%) to $ 61.14 / barrel; West Texas oil (US) fell 44 US cents (0.8% to) 58.24 USD / barrel.
Gold price decrease due to falling USD. Spot gold decreased 0.9% to 1,826 USD / ounce; gold futures in April 2021 decreased 0.9% to 1,826.8 USD / ounce.
Reference: Refinitiv
