Trending tickers: Oil, Goldman Sachs, Bitcoin and Ethereum

oil FILE PHOTO: An aerial view shows a crude oil tanker at an oil terminal off Waidiao island in Zhoushan, Zhejiang province, China January 4, 2023. China Daily via REUTERS /File Photo
Oil prices dipped on Monday following increased tensions between Iran and Israel over the weekend. (Reuters / Reuters)

Oil (BZ=F, CL=F)

Oil prices tracked lower on Monday morning in European trading hours, as markets digest news of Iran's attack on Israel over the weekend. Comments from Israeli officials suggest the conflict is "not over" as market watchers wait to see what will happen.

Money was taken off the table following a near-six month high of $92.18 for Brent crude last week. Crude futures headed 0.9% lower, to trade at $84.87 (£63.08) a barrel, while Brent crude was 0.8% lower and trading at $89.74.

Read more: FTSE 100 LIVE: European stock markets mixed amid rising tensions in the Middle East

Iran said it had launched drones and missiles towards Israel in retaliation for a 1 April attack on its consulate in Damascus, Syria. Israel has not confirmed whether it carried out the attack. Iran's retaliation raises concerns about broader conflict in the middle east and the passage of oil supplies.

Goldman Sachs (GS)

Bank Goldman Sachs is set to report earnings on Monday before the opening bell in the US, with quarterly results set to be lower for the three months to the end of March.

Earnings are expected at $8.56 per share, down from $8.79 per share in the same quarter a year ago, according to Bazinga data.

Read more: Stocks that are trending today

The company is projected to report quarterly revenue of $12.9bn, compared to $12.2bn.

Shares closed 2% lower on Friday and were down a further 0.6% in premarket on Monday.

Monday also sees earnings report from Morgan Stanley and Bank of America.

Bitcoin (BTC-USD) and ethereum (ETH-USD)

Bitcoin and other digital assets rallied on Monday morning, following a drop over the weekend, as news hit that Hong Kong has given the initial green light for spot bitcoin and ether ETFs.

China Asset Management, Harvest Global Investments and a partnership between HashKey Capital Ltd and Bosera Asset Management (International) Co told the market of initial approvals in separate statements earlier today.

Read more: Pound rises against dollar after hitting lowest point in five months

Hong Kong's approval comes following the a nod from the US Securities and Exchange Commission to allow spot bitcoin ETFs, a move which brought the likes of Blackrock into the market. Since then, bitcoin's price has risen from around $42,000 to above $66,300 today.

The digital asset was trading more than 3% higher by mid-morning on Monday. Ethereum was also 5.4% higher, to trade at around $3,250.

Watch: IDF on 'High Alert' after Iran launched hundreds of drones and missiles

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