Berliner Boersenzeitung - Stocks and dollar climb, bitcoin hits record high

EUR -
AED 3.878302
AFN 71.749242
ALL 97.525604
AMD 409.321377
ANG 1.904439
AOA 961.910349
ARS 1053.932294
AUD 1.628575
AWG 1.902213
AZN 1.790242
BAM 1.942691
BBD 2.133504
BDT 126.267959
BGN 1.943862
BHD 0.397898
BIF 3120.391741
BMD 1.055905
BND 1.412237
BOB 7.301729
BRL 6.115776
BSD 1.056709
BTN 89.114002
BWP 14.337928
BYN 3.457966
BYR 20695.735728
BZD 2.129908
CAD 1.477881
CDF 3029.391515
CHF 0.934096
CLF 0.037686
CLP 1040.256286
CNY 7.620255
COP 4733.262588
CRC 539.579425
CUC 1.055905
CUP 27.981479
CVE 109.525933
CZK 25.312159
DJF 188.169168
DKK 7.460201
DOP 63.642956
DZD 141.520784
EGP 52.052706
ETB 128.968047
FJD 2.394951
GBP 0.832137
GEL 2.892848
GHS 17.064849
GMD 75.494393
GNF 9106.978473
GTQ 8.164904
GYD 221.068259
HKD 8.215906
HNL 26.678242
HTG 138.939036
HUF 408.053915
IDR 16665.082809
ILS 3.961201
INR 89.121015
IQD 1384.15986
IRR 44458.874743
ISK 147.214482
JMD 167.289076
JOD 0.748746
JPY 163.610398
KES 136.475624
KGS 91.021055
KHR 4281.31296
KMF 486.112178
KRW 1482.110007
KWD 0.324775
KYD 0.880558
KZT 520.805668
LAK 23205.412737
LBP 94621.406421
LKR 308.836013
LRD 199.181606
LSL 18.981714
LTL 3.117812
LVL 0.638706
LYD 5.119695
MAD 10.506404
MDL 19.040517
MGA 4930.959985
MKD 61.376887
MMK 3429.537875
MOP 8.465873
MRU 42.066135
MUR 49.669818
MVR 16.32479
MWK 1832.322479
MXN 21.74784
MYR 4.696693
MZN 67.498725
NAD 18.981714
NGN 1772.040765
NIO 38.889421
NOK 11.763176
NPR 142.58426
NZD 1.789864
OMR 0.406533
PAB 1.05667
PEN 4.004776
PGK 4.247539
PHP 61.947297
PKR 293.59637
PLN 4.336491
PYG 8246.742505
QAR 3.852404
RON 4.966447
RSD 116.752486
RUB 103.953819
RWF 1450.381683
SAR 3.967876
SBD 8.818132
SCR 14.353966
SDG 635.123573
SEK 11.576535
SGD 1.41496
SLE 24.076566
SOS 603.853863
SRD 37.252784
STD 21855.099237
SVC 9.245612
SZL 18.988587
THB 36.759214
TJS 11.25843
TMT 3.695667
TND 3.325758
TOP 2.473031
TRY 36.258016
TTD 7.180547
TWD 34.272035
TZS 2810.676253
UAH 43.655088
UGX 3877.832862
USD 1.055905
UYU 44.549386
UZS 13517.783663
VES 47.385869
VND 26761.909287
XAF 651.590999
XCD 2.853636
XDR 0.796055
XOF 651.590999
XPF 119.331742
YER 263.738618
ZAR 19.108288
ZMK 9504.409507
ZMW 28.905319
ZWL 340.000942
  • CMSD

    -0.0240

    24.726

    -0.1%

  • CMSC

    0.1250

    24.665

    +0.51%

  • SCS

    0.0500

    13.72

    +0.36%

  • AZN

    -0.2900

    64.9

    -0.45%

  • RIO

    -0.5400

    60.66

    -0.89%

  • RBGPF

    -0.8500

    59.34

    -1.43%

  • NGG

    -0.7200

    62.18

    -1.16%

  • BCE

    -0.2600

    27.43

    -0.95%

  • BP

    -0.0500

    28.11

    -0.18%

  • RELX

    -0.4750

    46.115

    -1.03%

  • RYCEF

    -0.0500

    7.11

    -0.7%

  • GSK

    -0.4200

    35.1

    -1.2%

  • VOD

    0.2500

    8.72

    +2.87%

  • JRI

    0.0600

    13.28

    +0.45%

  • BCC

    3.8100

    144.94

    +2.63%

  • BTI

    0.1300

    35.37

    +0.37%

Stocks and dollar climb, bitcoin hits record high
Stocks and dollar climb, bitcoin hits record high / Photo: Jon Cherry - GETTY IMAGES NORTH AMERICA/AFP

Stocks and dollar climb, bitcoin hits record high

US and European stocks powered higher, the dollar gained and bitcoin extended a record run on Monday, as traders took their lead from events in the United States and China.

Text size:

Chinese stock markets closed mixed and oil prices slid after China's latest plans to stimulate its economy fell short of expectations.

Wall Street's three main indices pushed into record territory at the opening bell.

"Last week's huge post-election rally hasn't run out of gas yet," said Briefing.com analyst Patrick O'Hare.

Stocks rallied last week on hopes that a second Donald Trump administration -- supported by a Republican Congress -- would push through a slew of business-friendly policies including deregulation and tax cuts, offsetting concerns about possible trade wars.

O'Hare said there were no new developments fuelling the rise.

"In effect, it is a carryover of the 'old' news of the election outcome powering an ongoing momentum trade and a fear of missing out on further gains," he said.

Another cut in US interest rates by the Federal Reserve also helped fuel the record run last week.

While Fed officials declined to provide further guidance until updated projections are ready for its December meeting, the market still largely expects it to cut rates again then.

"If more rate cuts from the Fed continue to be what is expected, then we could see further positive sentiment in US stocks," said Daniela Sabin Hathorn, senior market analyst at Capital.com.

European stocks saw solid gains in afternoon trading.

"European markets are enjoying an upbeat start to the week, with the uncertainty around trade relations with the US seemingly being put on the backburner," said Joshua Mahony, analyst at traders Scope Markets.

The mood was less upbeat in China after Beijing said Friday it would ramp up a local debt ceiling, but fell short of announcing any new growth-boosting measures.

Hopes had been building all last week that officials would deploy a "bazooka" stimulus, the need for which was highlighted Sunday by data showing Chinese inflation slowed last month and came in below forecasts.

Authorities in late September began unveiling a raft of policies aimed at reigniting the economy, which has failed to fire since the lifting of tough Covid-fighting rules at the end of 2022.

Among them were interest-rate cuts and an easing of home-buying measures as leaders try to address a crisis in China's vast property sector.

Observers said there were concerns about the impact of Trump's planned tariffs, which he said would have a particular focus on China, fuelling talk of another trade war between the economic superpowers.

Pepperstone Group's head of research Chris Weston said Beijing may have had an eye on this in its pre-weekend announcement.

"Many feel that China is keeping its tactical powder in play for such time as the Trump-China tariff negotiations build, and they can respond in a more targeted fashion to stem the likely economic fallout," he noted.

Weston added that there were downside risks to Chinese stock markets and yuan in the short term.

Bitcoin hit an all-time high of $82,663.12 Monday on optimism that Trump would ease regulations surrounding the cryptocurrency.

"We shouldn't expect this bullish trend to be interrupted for a long time -- about a year," Stephane Ifrah, of French crypto asset management company Coinhouse, told AFP.

"The next level for me is $100,000."

- Key figures around 1430 GMT -

New York - Dow: UP 0.6 percent at 44,246.07 points

New York - S&P 500: UP 0.4 percent at 6,016.35

New York - Nasdaq Composite: UP 0.4 percent at 19,364.12

London - FTSE 100: UP 0.8 percent at 8,132.82

Paris - CAC 40: UP 1.2 percent at 7,424.16

Frankfurt - DAX: UP 1.4 percent at 19,483.42

Tokyo - Nikkei 225: UP 0.1 percent at 39,533.32 (close)

Hong Kong - Hang Seng Index: DOWN 1.5 percent at 20,426.93 (close)

Shanghai - Composite: UP 0.5 percent at 3,470.07 (close)

Euro/dollar: DOWN at $1.0658 from $1.0724 on Friday

Pound/dollar: DOWN at $1.2877 from $1.2921

Dollar/yen: UP at 153.68 yen from 152.62 yen

Euro/pound: DOWN at 82.78 pence from 82.95 pence

West Texas Intermediate: DOWN 2.7 percent at $68.48 per barrel

Brent North Sea Crude: DOWN 2.5 percent at $72.03 per barrel

burs-rl/rlp

(Y.Yildiz--BBZ)