UK Stocks: Total FTSE 100 dividend payments are expected to rise by a quarter this year to £76.9 billion ($106.3 million), meaning the U.K stocks is set to yield 3.7% for 2021, according to data aggregated by British stockbroker AJ Bell.
Bitcoin News: The cryptocurrency aficionados’ mantra that Bitcoin is equivalent to digital gold is winning converts among the world’s biggest holders of the precious metal. In India, where households own more than 25,000 tonnes of gold, investments in cryptocurrency grew from about $200 million (roughly Rs. 1,485 crores) to nearly $40 billion (roughly Rs. 2,96,820 crores) in the past year, according to Chainalysis.
China’s renewed crackdown on the bitcoin or cryptocurrency industry has wiped off nearly $300 billion in value from the total digital currency market since Friday, when a major bitcoin mining hub ordered miners to shut down operations.
On Monday cryptocurrencies tumbled as China’s crackdown on bitcoin mining expanded to the province of Sichuan. Bitcoin fell to as low as $32,288 for the first time since June 8, and was last down 7.9% at around $32,781.
Elon Musk’s tweet led by Bitcoin and Ethereum, all top 10 digital tokens were trading with cuts at 9.30 hours IST. Major cryptocurrencies continued the downtrend, trading with cuts on Thursday. Crypto investors have turned cautious in the last 48 hours.
European stocks are expected to see a cautious start to the trading today, continuing a lackluster start to trading in June. London’s FTSE is seen opening 3 points lower at 7,079, Germany’s DAX is seen 20 points higher at 15,588, France’s CAC 40 up 3 points at 6,491 and Italy’s FTSE MIB 4 points higher at 25,332, according to IG.
On Thursday European stocks are expected to open higher, dodging concerns over sharp declines in bitcoin and the U.S. Federal Reserve’s hints that it could taper its asset purchase programs sooner rather than later.