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Bitcoin Hits New High, Stocks Mixed as China's Stimulus Disappoints

Hong Kong, ChinaMonday, November 11, 2024

Bitcoin broke records, jumping over $82, 000 on Monday. This comes after the digital coin's rally, fueled by former President Donald Trump's pro-crypto stance. Meanwhile, European markets surged, catching up with last week's Wall Street rally. The DAX in Germany rose 1. 2%, while the CAC 40 in France and the FTSE 100 in Britain also climbed.

In Asia, stocks fell after China's stimulus package failed to meet investor expectations. The plan, worth 6 trillion yuan ($839 billion), aims to help local governments refinance their debts. But experts say it's more about plugging holes than boosting growth. China's inflation rate also slowed, dropping to 0. 3% in October. U. S. markets were set to open higher, with futures for the S&P 500 and Dow Jones up. In other news, Treasury yields eased, and oil prices dipped. The dollar strengthened against the yen and euro.

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