Bitcoin buyers plunge as investors’ crypto euphoria fades

Bitcoin-hoarding companies are facing steep stock declines as crypto euphoria fades. Once boosted by bitcoin’s record highs, firms like Strategy, Metaplanet, and others now suffer sharp reversals, underscoring the volatility of equity tied to cryptocurrency exposure.

Europe’s STOXX 600 slips as French rating review looms; still ends week higher

European shares closed the week mostly higher. Investors were cautious about France’s credit rating. Healthcare stocks saw losses, with Novartis and Zealand Pharma declining. Aerospace and defence stocks rose due to geopolitical tensions. Banks rebounded after a weak period. French stocks outperformed despite political concerns. Ocado shares fell after Kroger’s review of warehouse investments.

US treasury yields rise as bond market consolidates for Fed cut

American Treasury yields saw an increase on Friday. This happened even after weak economic data hinted at possible policy easing. The 10-year note yield hovered around 4%. Investors are awaiting retail sales data. The Federal Reserve meeting is scheduled next week. Markets anticipate a rate cut. The Fed’s future guidance remains uncertain.