
Articles
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1 week ago |
rttnews.com | Avila Sebastian
Renewed trade jitters dragged down sentiment across the crypto market. Worries about the legal ramifications of the tariffs in the U.S. complicating the trade tariff environment as well as the trade negotiations between the U.S. and its trading partners dampened crypto market sentiment. Outflows from Bitcoin Spot ETF products also swayed market sentiment. The PCE-based inflation readings from the U.S. that more or less matched expectations limited losses.
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1 week ago |
rttnews.com | Avila Sebastian
Markets digested the developments on the trade front amidst a trade court in the U.S. setting aside the reciprocal tariffs imposed by the Trump administration and an appeals court temporarily reinstating it. Concerns about the stalled trade negotiations between the U.S. and China also weighed on sentiment. Markets also digested the PCE-inflation update that mostly matched expectations. Wall Street Futures have slipped. Major markets in Europe are trading on a positive note.
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1 week ago |
rttnews.com | Avila Sebastian
Sentiment in global markets improved after reports that a U.S. Court declared President Donald Trump's broad-based tariffs regime invalid. Strong earnings update from chip giant NVIDIA also boosted sentiment. The cautious tone reflected in the minutes of the Federal Open Market Committee however limited gains. Wall Street Futures have rallied. Major markets in Europe are trading on a mostly positive note. Asian markets also finished trading with strong gains.
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1 week ago |
rttnews.com | Avila Sebastian
A subdued tone is visible in the cryptocurrency markets as the cautious mood reflected in the minutes of the Federal Open Market Committee weighed on sentiment. Almost all participants of the FOMC commented on the risk that inflation could prove to be more persistent than expected. The Federal Reserve, in its meeting held earlier in the month reiterated its warnings about the likelihood of inflation and unemployment rising alongside, resulting in difficult trade-offs.
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1 week ago |
rttnews.com | Avila Sebastian
Market sentiment remained mixed amidst anxiety ahead of key economic data releases. The FOMC minutes, GDP update and inflation update are all scheduled for release from the U.S. during the week. Markets are also waiting anxiously for the earnings update from NVIDIA. Wall Street Futures have edged up. Major markets in Europe are trading on a negative note. Asian markets also finished trading on a mostly negative note. The six-currency Dollar Index is trading flat. Bond yields hardened across regions.
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