World Market News of the 9 September with FXOpen #stockmarket #bitcoin #btcetf #crudeoil #brent #wti
☑️ EUROPEAN SHARES REBOUND AFTER WORST WEEKLY PERFORMANCE IN OVER A YEAR
European shares started the week positively after Friday’s sharp decline, as investors await key economic data and anticipate an ECB interest rate cut later in the week.
The pan-European STOXX 600 index was up 0.5% by 0711 GMT on Monday, after it logged its worst weekly performance since October 2023.
All regional bourses also advanced. A 1% gain in tech stocks, boosted the benchmark index.
Adidas AG lost 3% after Barclays downgraded the stock to “equal weight“ from “overweight“.
Source: Reuters
☑️ US BITCOIN ETFS BLEED $1.2 BILLION IN LONGEST RUN OF NET OUTFLOWS
Investors withdrew nearly $1.2 billion from 12 ETFs over the eight days through Sept. 6, amid concerns about economic growth affecting shares and commodities, according to Bloomberg data.
Bitcoin has faced a 7% loss in September but gained about 1% over the weekend, reaching $54,870 by 1
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