Editorial & Advertiser disclosure

Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Home > Top Stories > World shares dip and Bitcoin hits record high

World shares dip and Bitcoin hits record high

Published by linker 5

Posted on February 12, 2021

4 min read

Last updated: January 21, 2026

Graph showing dip in world shares amid Bitcoin's record high - Global Banking & Finance Review — The image illustrates the fluctuation of world shares, highlighting the dip in European markets as Bitcoin achieves a record high, reflecting current trends in global finance.

By Ritvik Carvalho

LONDON (Reuters) – World shares dipped on Friday as investors awaited progress towards more U.S. fiscal stimulus, while the dollar was set for a weekly loss and cryptocurrency Bitcoin hit a record high.

Markets in China and most of Southeast Asia were closed for the Lunar New Year. China’s stock and bond markets, foreign exchange and commodity futures markets are closed through Feb. 17 for the holiday.

Futures for the S&P 500 declined 0.2%.

MSCI’s All Country World index, which tracks stocks across 49 countries, fell 0.15% on the day, shy of record highs reached earlier this week.

European shares as measured by the STOXX 600 index fell at the start of trading but bobbed higher to trade flat by midday in London. Germany’s DAX was down 0.5%.

Italy’s FTSEMIB index fell 0.2% on the day, with the country’s bond yields near record lows on hopes of a new government led by former ECB President Mario Draghi. [GVD/EUR]

Investors weighed some tepid economic data against increasing COVID-19 vaccinations and the prospect that more government spending and continued cheap money from central banks will drive higher growth and, eventually, inflation.

“We’re very bullish on equities. Central banks across the world are much more clearer of late that their policies will be accommodative even beyond the current emergency period and this is further supportive for risk assets,” said Jeffrey Sacks, head of EMEA investment strategy at Citi Private Bank.

Investors will have to follow a “spike train”, monitoring hospital admissions, stimulus, inflation and volatility, said Mark Haefele, chief investment officer at UBS Global Wealth Management, in his monthly letter to clients.

“Overall, we retain a favorable view of markets over our tactical investment horizon,” he said. “While the ‘spike train’ may lead to volatility, we don’t think it will derail the bull market.”

Earlier, MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.2%, trading just shy of a record high reached in the previous session. Australian stocks lost 0.63%. Shares in Tokyo fell 0.14%, pulling back from 30-year highs.

On Wall Street on Thursday, the Nasdaq and S&P 500 gained 0.4% and 0.2%, respectively. The Dow Jones Industrial Average slipped 0.02%.

Prices held near records as investors bet on more government spending, although enthusiasm was tempered when U.S. President Joe Biden said China was poised to “eat our lunch,” raising fears of renewed strains on Sino-U.S. ties.

U.S. weekly unemployment claims fell less than expected and core consumer prices rose at a slower pace, causing some traders to temper their optimism about the economic outlook.

Bitcoin reached $49,000 before erasing gains.

BNY Mellon announced it would help clients hold, transfer and issue digital assets days after Elon Musk’s Tesla said it had bought $1.5 billion worth of the cryptocurrency and would accept it as a form of payment for its cars.

Spot gold fell 0.5% to $1,816.91 per ounce. U.S. gold futures fell 0.6% to $1,816.6. Gold prices are still on track for their best week in three amid broad dollar selling.[GOL/]

The dollar index rose 0.25% on Friday but was still on course for a 0.6% weekly decline.

Soft demand at an auction of $27 billion of new 30-year Treasuries on Thursday rattled bond investors.

The yield on 10-year U.S. Treasuries rose to 1.1632%. The 30-year yield initially rose but then fell back to 1.9489%.

Brent crude fell 0.6% to $60.75 a barrel, having dropped half a percent the previous session. U.S. oil fell 0.76% to $57.80 a barrel, after falling 0.8% on Thursday.

OPEC cut its demand forecast and the International Energy Agency said the market was still over-supplied, which cast a gloom over energy markets.

(Reporting by Ritvik Carvalho; additional reporting by Thyagaraju Adinarayan in London, Stanley White in Tokyo and David Henry in New York; editing by Larry King and Timothy Heritage)