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fxJul 7, 2026, 8:53 AM

SpaceX Debuts on Nasdaq 100 as Pound Strengthens

SpaceX joins the Nasdaq 100 index while the British pound hits its highest level against the US dollar since mid-December. European equity markets are mostly higher, shrugging off rising oil prices and AI-linked selloffs in Asia.

GBPUSD

SpaceX has made its debut on the Nasdaq 100 index, according to market reports. Meanwhile, the British pound climbed to its strongest level versus the US dollar since at least December 17, buoying risk appetite in European trading.

European stock indices are trading mostly in the green, with market participants looking past a rise in oil prices and lingering AI concerns that weighed on Asian peers earlier in the session. The move suggests a resilient risk-on mood in the region.

No further details on the exact trading levels or the catalyst for the pound's rally were provided in the initial report.

Source: FXStreet Forex News