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1 week ago | 
rttnews.com | Avila Sebastian
Concerns about economic growth in the U.S. assumed center-stage as markets digested the uncertain trade tariff environment. Anxiety about the Fed Chair Jerome Powell's speech on Wednesday also weighed on sentiment. Wall Street Futures are trading below the flatline. European benchmarks are trading in the red. Asian bourses also finished trading on a mostly negative note. The six-currency Dollar Index slipped further. Bond yields are moving mixed.
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1 week ago | 
rttnews.com | Avila Sebastian
Sentiment remains mixed in world markets as uncertainty over the trade tariffs weighed on market mood. Hopes of a pause in auto tariffs boosted sentiment. Markets, in the meanwhile are waiting for monetary policy cues in Fed Chair Jerome Powell's speech on Wednesday. Wall Street Futures are trading in the red. European benchmarks are trading with gains. Asian bourses also finished trading on a positive note. The six-currency Dollar Index recorded modest gains. Bond yields mostly hardened.
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1 week ago | 
rttnews.com | Avila Sebastian
Cryptocurrencies are trading on a flat note amidst mixed sentiment in global markets. Overall crypto market capitalization is almost flat at $2.69 trillion. The 24-hour trading volume has decreased 12.8 percent to $77 billion. Bitcoin has edged down 0.05 percent overnight to trade at $84,950. Ethereum has also rallied more than 3.3 percent in the past 24 hours to trade at $1,613. 4th ranked XRP slipped 0.5 percent during the past 24 hours as it changes hands at $2.14.
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1 week ago | 
rttnews.com | Avila Sebastian
The U.S. dollar tumbled against major currencies during the week ended April 11 amidst renewed uncertainty in respect of U.S. trade policy and softer-than expected CPI readings. The greenback inter alia plunged against the euro, the British pound, the Australian dollar, and the Japanese yen. The Dollar Index also recorded a massive plunge to three-year lows as the dollar remained under pressure from heightened fears of a U.S. recession.
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1 week ago | 
rttnews.com | Avila Sebastian
Concessions and reliefs recently announced to the newly imposed tariffs helped markets stage a strong rebound on Monday. Strong corporate earnings also boosted sentiment. Wall Street Futures are trading with strong gains. European benchmarks have also surged ahead. Asian bourses also finished trading on a positive note. The six-currency Dollar Index is trading close to the flatline. Bond yields mostly eased.
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1 week ago | 
rttnews.com | Avila Sebastian
Positive sentiment reverberated in cryptocurrency markets in tandem with the strong sentiment in global markets. Overall crypto market capitalization has gained 0.90 percent in the past 24 hours. It is currently at $2.68 trillion. The 24-hour trading volume has increased 19.9 percent to $88 billion. Bitcoin gained 1.4 percent overnight to trade at $84,880.7, around 22 percent below its peak. The leading cryptocurrency had touched a high of $85,450 and a low of $83,027 in the past 24 hours.
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1 week ago | 
rttnews.com | Avila Sebastian
Market sentiment remained volatile amidst the persisting tensions on the trade front, especially between U.S. and China. Meanwhile, data released just a while ago showed factory gate prices in the U.S. unexpectedly decreasing month-over-month in March. The data revealed the first decline in producer price inflation since October 2023. Wall Street Futures are trading with mild gains. European benchmarks are trading mostly lower. Asian bourses finished trading on a mixed note.
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2 weeks ago | 
rttnews.com | Avila Sebastian
Cryptocurrencies are trading on a mixed note even as markets digested the dollar's weakness amidst persisting tensions on the trade front. The Dollar Index or DXY, a measure of the dollar's weakness against a basket of 6 currencies is currently trading at 99.75 after hitting a 3-year low earlier in the trade. The dollar has been particularly bruised ever since President Trump introduced massive reciprocal tariffs on its trade partners on April 2 that stunned world markets.
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2 weeks ago | 
rttnews.com | Avila Sebastian
A softer-than-expected consumer price inflation update from the U.S. failed to lift market sentiment as markets turned cautious. Impact of the potential impact of the tariff hikes on inflation in the U.S. weighed on sentiment. Wall Street Futures reversed course and are trading with losses as the euphoria of a tariff pause faded. European benchmarks are trading with strong gains. Asian bourses finished trading on a heavily positive note. The six-currency Dollar Index declined further.
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2 weeks ago | 
rttnews.com | Avila Sebastian
Cryptocurrencies surged ahead in the past 24 hours in a relief rally triggered by President Trump announcing a pause on higher trade tariffs. Overall crypto market capitalization has jumped more than 5.8 percent overnight whereas the 24-hour trading volume has recorded a surge of 19.8 percent. President Trump on Wednesday announced a 90-day pause on higher tariffs imposed on all countries except China. He also simultaneously authorized the raising of tariffs on China to 125 percent.
