Wall Street to head higher
The good times look set to continue on Wall Street on Monday, with the major indices expected to open higher despite lingering doubts over inflation trends. Spread betting quotes indicate the Dow Jones will open 130 points higher at 34,337 while the SP 500 is expected to rise 19 points to 4,175. The tech-heavy Nasdaq 100 is seen advancing 80 points to 13,491. In other news, investors may be keeping an eye on the ongoing rout in the crypto markets after last weeks implosion sent the prices of digital currencies plunging. Bitcoin has been blessed with a bit of Monday motivation, creeping back up after a big dose of the Sunday blues which saw the cryptocurrency fall to just above 31 thousand dollars, observed Susannah Streeter at Hargreaves Lansdown. Bitcoin is up a cool US$2,695 (8.0%) at US$36,486 today. Its value more than halved compared to the high it reached above $63,000 in mid-April but since yesterdays low, its risen by around 17%, marking yet another sharp twist in its highly volatile journey. The crackdown in China is intensifying with cryptocurrency mining the latest target.
Wall Street to head higher
The good times look set to continue on Wall Street on Monday, with the major indices expected to open higher despite lingering doubts over inflation trends. Spread betting quotes indicate the Dow Jones will open 130 points higher at 34,337 while the SP 500 is expected to rise 19 points to 4,175. The tech-heavy Nasdaq 100 is seen advancing 80 points to 13,491. In other news, investors may be keeping an eye on the ongoing rout in the crypto markets after last weeks implosion sent the prices of digital currencies plunging. Bitcoin has been blessed with a bit of Monday motivation, creeping back up after a big dose of the Sunday blues which saw the cryptocurrency fall to just above 31 thousand dollars, observed Susannah Streeter at Hargreaves Lansdown. Bitcoin is up a cool US$2,695 (8.0%) at US$36,486 today. Its value more than halved compared to the high it reached above $63,000 in mid-April but since yesterdays low, its risen by around 17%, marking yet another sharp twist in its highly volatile journey. The crackdown in China is intensifying with cryptocurrency mining the latest target.