The Opening Bell || Did Cryptocurrency Ethereum Scale A New Record High Gaining Over 11% In A Day?

While the US corporate season, and key economic data are closely eyed by market participants, raging virus threat in India and Asian holidays reflect subdued volumes. Let us cast an eye over how market charter is panning out today.  The ASX200 traded marginally up today at the market open. The top performing stocks in this index are Beach Energy Limited and BHP Group Limited.

While gold players are up, IT sector is under the pressure following US market performance overnight. Gold prices stormed higher overnight as the weakness in the bond yields and US dollar gave the precious metal a boost.  Australian gold miners such as Newcrest Mining Limited, Resolute Mining Limited and Northern Star Resources Limited could storm higher today. 

Oil prices rose more than 1% as Chinese economic figures and US vaccination rate pointed to a robust recovery in demand in the world's two largest economies.  Oil companies such as Santos Limited, Woodside Petroleum Limited and Beach Energy Limited could lead the Energy sector. 

Cryptocurrency Ethereum had scaled to a new record high of above US$3,000, gaining over 11% in a single day . IT player Infomedia Ltd announced that it had acquired US-based e-commerce platform SimplePart for an upfront consideration of US$S24.5 million along with an earn-out of up to US$20.5 million over three years. 


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