FTSE 100 opens flat as Panther Metals raises funds, QBT advances Bitcoin mining technology and Brent crude moves higher.
Market Overview
The FTSE 100 opened broadly flat at 10,695.19, as investors weighed continued hopes for US-Iran diplomacy against uncertainty over the Strait of Hormuz. The Euronext 100 opened 0.03 per cent higher, while Germany’s DAX was up 0.07 per cent at 25,425.65. On Wall Street, the Nasdaq closed higher on Friday at 27,068.72 and the S&P 500 advanced to 7,743.41.
Commodity markets reflected continued uncertainty over Middle East energy supplies, with Brent crude moving higher as the US and Iran remained at odds over reopening the Strait of Hormuz. Copper, gold and natural gas moved lower. Against sterling, the US dollar, Swiss franc, euro, Japanese yen and Australian dollar weakened, while Bitcoin also declined.
Market Numbers
FTSE 100: Lower (-0.001%), 10,695.19
Euronext 100: Higher (+0.03%), 1,895.99
DAX: Higher (+0.07%), 25,425.65
NASDAQ: Higher, 27,068.72
S&P 500: Higher, 7,743.41
In the Headlines
Funding and exploration – Panther Metals (LSE:PALM)
Panther Metals raised more than £3.7 million through share placings and warrant exercises as exploration progressed across its Ontario portfolio. Work included drilling at Obonga, sampling at Winston Lake and metallurgical testing at Dotted Lake.
Bitcoin mining technology – Quantum Blockchain Technologies (LSE:QBT)
Quantum Blockchain Technologies advanced testing of its Bitcoin mining technologies and received a US Notice of Allowance for its ASIC UltraBoost technology. The company is continuing tests of its AI-based Method C technology as it moves towards live testing.
Currencies (vs GBP)
USD: Lower (-0.17%), $1.325
CHF: Lower (-0.26%), Fr.1.1004
EUR: Lower (-0.18%), €1.1647
JPY: Lower (-0.18%), ¥208.661
AUD: Lower (-0.08%), $1.8888
Bitcoin (BTC/GBP): Lower, £62,533.77
Commodities
Copper: Lower
Gold: Lower
Brent Crude: Higher
Natural Gas: Lower
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