The non-fungible token market has lost nearly half its value in the past 30 days, even as trading activity picked up in October. CoinGecko data shows that the global NFT market capitalization plunged from about $6.6 billion on October 5 to $3.5 billion.
UK’s FTSE 100 scaled a fresh record close after starting on a quiet note, while investors await the Bank of England’s interest rate decision and more corporate earnings later this week. The blue-chip index finished 0.6% higher, surpassing its previous record close last Thursday.
Gold prices fell more than 1% as the dollar hit multi-month highs, while traders awaited U.S. economic data for clues on the Federal Reserve’s monetary policy path. U.S. gold futures for December delivery eased 1.3%.
The dollar rose to a four-month high against the euro as divisions in the Federal Reserve raised doubt about the prospect of another rate cut this year, while a risk-off move sent investors seeking the U.S. currency for safety.
| AMD forecast fourth-quarter revenue above market estimates, betting on the multibillion-dollar expansions of data center infrastructure to boost demand for its artificial intelligence chips. The company expects revenue of about $9.6 billion for the quarter. |
Alphabet is tapping the U.S. dollar and euro debt markets in a multi-tranche senior unsecured notes offering. The digital media and tech giant will use the proceeds from the note sale for general corporate purposes, including the potential repayment of a portion of its outstanding debt.
