1. Dollar, Euro Little Moved Ahead of Trump-Juncker Talks
The dollar and euro barely moved this Wednesday morning, as investors hold their breath ahead of a meeting between U.S. President Donald Trump and European Commission President Jean-Claude Juncker. All eyes will be on this key meeting today as the markets will be focused on the trade rift between the two economic powers. Fears of a trade war with the United States kept the euro/dollar (EURUSD) subdued as the talks come after the U.S. imposed tariffs on European Union steel and aluminum and Trump’s threats to extend those measures to EU-made cars.*
2. Bitcoin Up More Than 44% From June Low
Bitcoin prices have climbed roughly 44% from their June low and have continued to gain this morning, pushing higher after breaking through the key $8,000 level. The world’s largest digital currency has enjoyed a continued rally as it benefits from a return of positive sentiment with regards to the cryptocurrency market. After enjoying robust gains, market observers are now claiming that the bull market may continue and the rally could extend to key tech.**
3. Alphabet Shares Rally More Than 3.9% To Reach Record High
Alphabet shares rallied more than 3.9 percent to reach a record high yesterday after the company reported stronger-than-forecast quarterly results. Google-parent Alphabet led a wave of upbeat corporate earnings pushing the S&P 500 added 0.5 higher along with other gains in materials, telecommunications and energy stocks. Following Alphabet’s stellar performance, Wall Street’s top analysts are now growing more confident over the prospects for many of Alphabet’s emerging businesses including YouTube, autonomous cars and cloud computing.***
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*Source: Reuters, Jul 25, 2018 5:46 AM GMT
**Source:Investing, Jul 25, 2018 01:57 AM ET
***Source: CNBC, Jul 25, 2018 6:57 AM ET
