🌍 Global Markets Overview 🧐
United States: Markets rebounded after President Trump delayed imposing a 50% tariff on European Union goods, easing trade tensions. The S&P 500 rose by 1%, the U.S. dollar strengthened, and Treasury yields declined amid a global bond rally.
Europe: Germany’s DAX index reached a record intraday high, buoyed by the EU's agreement to fast-track trade negotiations with the U.S.
Asia: Markets were mixed. Japan is considering reducing the issuance of super-long bonds due to recent sharp rises in yields.
India: The stock market is forecasted to hit new highs by the end of 2025, despite concerns about market valuations.
---
🛢️ Commodities & Energy
Oil: Prices remained steady as the market weighed the prospect of easing trade tensions between the EU and the U.S., ahead of an OPEC+ meeting on supply policy.
Gold: Prices experienced volatility due to global events like tariff threats, with investors seeking safe-haven assets amid uncertainties.
---
💱 Cryptocurrencies
Bitcoin: The price dipped below $109,000, contributing to a decline in the global cryptocurrency market cap to $3.44 trillion.
---
📰 Other Notable Developments
Circle IPO: Circle Internet Group, a global financial technology company and stablecoin market leader, announced the launch of its initial public offering.
Hong Kong: Initiatives are underway to establish the city as a global data-trading hub, fostering connections with China and Southeast Asia.