๐๐ Asian & US Stocks Stall as ๐ข๏ธ Oil & ๐ช Gold Rise on Weak Dollar ๐ต
Asian and U.S. markets showed mixed signals today, while oil and gold prices nudged higher thanks to a softer dollar ๐ธ. Meanwhile, the euro ๐ช๐บ is holding near a 3.5-year high!
๐ Market Mood: Mixed
๐๏ธ A ceasefire between Israel ๐ฎ๐ฑ and Iran ๐ฎ๐ท helped ease oil supply fears, boosting overall market sentiment.
๐ MSCI Asia-Pacific Index: Slightly up
๐ฏ๐ต Nikkei: +1.6% โก๏ธ 4-month high
๐ฐ๐ท Kospi: -1.07%
๐ญ๐ฐ Hang Seng: -0.3%
๐จ๐ณ CSI 300: Flat
๐ต Dollar Drops, Euro Soars ๐
The $USDC hit its lowest level since March 2022, down ~10% YTD ๐ฌ. Trumpโs reported plan to replace Fed Chair Jerome Powell ๐ spooked investors, pushing the euro to $1.6837 โ the highest since Nov 2021.
๐จ๐ญ Swiss Franc: 10-year high
๐ฏ๐ต Yen: +0.3% to 144.815 per dollar
Trumpโs criticism of Powell and talk of firing him raised doubts over the Fedโs independence ๐๏ธ, shaking confidence in U.S. assets.
๐ช Gold & ๐ข๏ธ Oil Inch Higher
As the dollar weakens, safe-haven assets like gold shine โจ:
Spot Gold: +0.1% to $3,336.02/oz
US Gold Futures: +0.2% to $3,349.30/oz
In energy markets:
Brent Crude: +0.8% to $68.21/barrel
WTI Crude: +0.9% to $65.48/barrel
๐บ๐ธ Wall Street Futures: Slight Gains
S&P 500 Futures: +0.12%
Nasdaq-100 Futures: +0.17%
Dow Futures: +38 pts (+0.09%)
๐ Wednesday Recap:
S&P 500: Flat
Nasdaq: +0.3%
Dow: -0.25% (-106.59 pts)
Despite the choppy session, all three indexes remain on track ๐ for weekly gains, with the S&P 500 less than 1% from its February record high ๐.
๐ Get your crypto news featured across 250+ top sites โ only with KEY Difference Wire. #NextFedChairCandidate #CryptoClause
