Bitcoin's price is testing a significant resistance level near $63,300, with technical indicators suggesting the recent uptrend is losing strength and raising the risk of a potential reversal.
Portugal's benchmark stock index, the PSI, closed higher on Monday, buoyed by gains in the telecommunications and utilities sectors. Energy firm Galp was among the top performers, while several other stocks hit 52-week lows.
Shares of Eos Energy Enterprises fell to a new 52-week low after Stifel trimmed its price target, citing significant share dilution from the company's $150 million capital raise to fund a joint venture.
Intel announced a €5 billion ($5.7 billion) capital investment to upgrade its manufacturing facility in Ireland, aiming to boost production of advanced semiconductors for AI and high-performance computing.
Shares of Deckers Outdoor, the parent company of HOKA and UGG, gained after Jefferies upgraded the stock to 'Buy,' citing that a slowdown in HOKA's growth is already priced into the shares.
Claudio Descalzi, CEO of Italian energy major Eni, warned that oil prices could break their recent trading range and exceed $100 per barrel by early 2027 if regional conflicts continue to disrupt supply and deplete global inventories.
Shares of the ad-tech firm declined sharply as a risk-off move hit high-growth stocks, with investor focus also on the rollout of its AI platform and recent CEO share sales.
Donald Tang, executive chairman of fast-fashion giant Shein, is reportedly set to step down as the company nears the completion of its initial public offering, according to sources cited by Reuters.
Bitcoin's price dropped below $63,000 as escalating military conflict between the U.S. and Iran drove a flight to safety, while minutes from the Federal Reserve's latest meeting signaled a potential for further interest rate hikes.
