The U.S. Federal Reserve, represented by Boston Fed President Susan Collins, has stated it is prepared to intervene in financial markets if necessary.
Bitcoin is still expected to hit $1.8 million by 2035, despite recent price drops and reduced investor interest driven by global trade tensions.
Oil prices held steady on Monday as exemptions for some electronics goods from U.S. tariffs and data showing a sharp rebound in China's crude imports in March, were outweighed by concerns that the trade war could weaken global economic growth and dent fuel demand. Brent crude futures were flat at $64.76 at 11:19 a.m. ET (1519 GMT). "The OPEC cutting its global demand forecast just underscores the troubled outlook we have here from the tariffs and all the other uncertainty in the market," said John Kilduff, partner with Again Capital, referring to OPEC revising down its demand forecast in a report released on Monday.
TOKYO (Reuters) -Japan's Nikkei share average ended higher on Monday, as iPhone-related shares jumped after the United States excluded smartphones and other electronics from steep tariffs. The Nikkei gained 1.18% to close at 33,982.36, after gaining as much as 2.22% earlier in the session. "The market is still swayed by various headlines," said Yugo Tsuboi, chief strategist at Daiwa Securities.
SYDNEY (Reuters) -Major stock indexes bounced in Asia on Monday and Europe looked set to follow after the White House exempted smartphones and computers from "reciprocal" U.S. tariffs, though gains were limited as President Donald Trump warned levies were still likely at some point. Indeed, Trump on Sunday told reporters tariffs on semiconductors would be announced over the next week and a decision on phones made "soon". On the face of it, the exemption of 20 product types accounting for 23% of U.S. imports from China was a boon to manufacturers.
Stock futures rose Sunday after a temporary reprieve from tariffs on electronic imports from China by the Trump administration.
The idea of "American exceptionalism" in the global economy and financial markets has rapidly lost favor this year, but others are sticking with the US.
Gold-backed cryptocurrencies like PAXG and XAUT rose significantly so far this year, mirroring a spike in ETF demand.
Trump administration officials were out in force across the television networks Sunday defending President Donald Trump’s economic policies after another week of reeling markets that saw the Republican administration reverse course on some of its steepest tariffs. Trump, meanwhile, said on his social media platform that there ultimately will be no exemptions for his sweeping tariff agenda, disputing characterizations that he has granted tariff exceptions for certain electronics, including smart phones, whose production is concentrated in China.
Strategy paused BTC buys as bitcoin tumbled in Q1, but Saylor signaled additional purchases may be coming.
