British Pound, European Stocks Surge Ahead Of UK Election Results; Bitcoin Plummets: What's Driving Marke

Benzinga

2024-07-04 21:15

With U.S. markets closed for Independence Day, European stocks and currencies rose on Thursday, showing no signs of risk aversion despite the ongoing UK legislative elections.

　　In commodities markets, copper rallied 0.9%, marking its fifth straight positive session. Gold rose 0.2%, while silver fell 0.2%.

　　Oil prices showed robust gains, with West Texas Intermediate (WTI) light crude futures climbing to $84, up 0.8%.

　　Cryptocurrencies were the weakest market segment:

BitcoinBTC/USD down 3.8%
SolanaSOL/USD down 4.1%
EthereumETH/USD down 5%
RippleXRP/USD down 5.1%
CardanoADA/USD down 5.4%.

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