Bitcoin Prices Hit 18-Month High Amid Earnings Reports and Economic Data
Investors are expected to remain anxious due to earnings reports from major companies, a busy economic calendar, and concerns over the Israel-Hamas conflict. Bitcoin prices have reached an 18-month high. The Asia-Pacific shares index fluctuated between gains and losses, while European bourses are predicted to open lower. The decline in yields on 10-year notes has impacted the US dollar and provided some relief to the yen.
Flash PMIs from various countries will provide insight into the economic outlook ahead of the central bank meetings. Tech giants Microsoft and Alphabet are set to report earnings, while investors will also be watching Barclays and Kering. London cocoa futures are expected to reach a fourth successive record high.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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