Equity rebound fizzles while cryptocurrencies see only modest gains
Mondays have been strong days for stocks so far in 2025, but not today, says Chris Beauchamp, Chief Market Analyst at investing and trading platform IG.
FTSE 100 steady but rally fails to materialise
Optimism stemming from Friday’s rebound in equities, the second such move in a week, has failed to translate into sustained gains for stock markets today. While the FTSE 100 continues to hold steady, free of the valuation worries that afflict tech stocks globally, it continues to outperform the Dax, an index that has found its attempts to rebound stymied over and over again since July. While Wall Street has avoided heavy losses today, a rising VIX suggests that the tensions of last week haven’t disappeared entirely.
Bitcoin struggles below $100K
The poor run for cryptocurrencies has been a key feature of the last few months, but despite the headlines there seems to be no manic rush to buy bitcoin now that it has slipped below $100K. The crypto space is higher across the board but this is far from the rebound that would denote real enthusiasm about buying the dip.
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