US markets also finished the day on the back foot, weighed down largely by weakness in tech stocks, which may well have been prompted by a large fall in Bitcoin over the weekend.
Despite yesterday’s modest weakness, sentiment by and large still remains positive, with most discussion/outrage on social media more about the European Super League, than the big falls seen in bitcoin and Ethereum.
It is perhaps not surprising that after the gains seen last week, that we might see some modest profit taking as we gear up for further big earnings announcements this week, as well as the latest ECB rate meeting on Thursday. Markets in Asia have continued the softer theme with the Nikkei 225 falling sharply, although this weakness doesn’t look like it will translate too heavily into today’s European open in a couple of hours’ time.
The US dollar also had a…