Home About the company Daily reviews 29.10. Everything falls: decrease in oil, euro, Asian stocks, European stock markets

29.10. Everything falls: decrease in oil, euro, Asian stocks, European stock markets

29.10.2021

Market Review

News for today, October 29th:

Asian stocks fell on Friday, which promises to disrupt their solid three-week gains. Chinese property stocks face their worst week in more than two and a half years. Oil prices are also close to witnessing the first weekly decline since August. While the decrease in oil prices brought some relief to investors, analysts said fears of a slowdown in economic development and rising inflation weighed on market sentiment.

European stock markets were also lower on Friday, pushed by disappointing results from U.S. tech giants Apple (NASDAQ: AAPL) and Amazon (NASDAQ: AMZN), as well as rising eurozone government bond yields following Thursday's European Central Bank meeting.

The dollar rose today in early European trading, recovering slightly after falling to a monthly low against the euro following a meeting of the European Central Bank. The euro fell sharply against other currencies, falling to more than a year's lows against the Swiss franc. As regards cryptocurrency, Ether rose to a record $ 4,400; bitcoin also rose to $ 61,200, not surpassing the all-time high of $ 67,016.50 hit last week.

The price of Brent crude is $ 84.39 per barrel, WTI — $ 82.80. EUR/USD is at 1.1649, GBP/USD — 1.3772, gold is at $ 1,794.12 per ounce.­­­­

Author: GC
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