United States

• Equities: U.S. markets posted modest gains as investors reacted to President Trump’s suggestion of potential exemptions on auto tariffs. The Dow Jones rose 0.18%, the S&P 500 increased by 0.24%, and the Nasdaq added 0.21%.
• Bonds: The 10-year Treasury yield stood at around 4.38%, with expectations that it may decline to 4.21% by June amid economic slowdown concerns.
• Key Developments:
  • Financial stocks led gains, with Bank of America and Citigroup reporting strong quarterly results.
  • Boeing shares slipped after China halted new aircraft orders.
  • Johnson & Johnson exceeded earnings expectations.

Eurozone

• Equities: European markets advanced, with the STOXX 600 gaining 1.6%, led by banking and automotive sectors. Italian stocks outperformed with a 2.4% increase.
• Currencies: The euro has appreciated nearly 10% year-to-date against the U.S. dollar due to renewed investor interest.
• Key Developments:
  • LVMH shares fell nearly 8% after reporting weak Q1 sales.
  • Goldman Sachs revised European earnings forecasts downward, expecting a 7% contraction for 2025.

United Kingdom

• Equities: The FTSE 100 and FTSE 250 gained around 1.4% and 1.5%, respectively, supported by strength in financial and defense sectors.
• Currencies: The British pound strengthened to $1.32, aided by softer-than-expected wage growth data.
• Key Developments:
  • Investors remain focused on auto tariff risks due to potential spillovers into the UK’s export sectors.

China

• Equities: The Shanghai Composite closed around 3,267, reflecting cautious sentiment amid U.S.-China trade tensions.
• Key Developments:
  • The U.S. is evaluating new tariffs on Chinese pharmaceutical and semiconductor imports, adding to market uncertainty.

Japan

• Equities: The Nikkei 225 closed at 34,267, stabilizing after recent swings.
• Key Developments:
  • Japanese financials remain under pressure due to global recession fears tied to escalating trade conflicts.

EMEA (Europe, Middle East, and Africa)

• Oil Exporters: Countries like Angola, Nigeria, and Venezuela are experiencing fiscal strain due to oil’s sharp drop. Brent crude has declined over 20% in a week but partially recovered to around $66 per barrel.
• Oil Importers: Import-dependent countries such as Turkey and India may benefit from easing inflationary pressures due to falling oil prices.

Commodities & Cryptocurrencies

• Commodities:
  • Gold: Rose 0.5% to near record highs, trading around $3,226 per ounce amid rising risk-off sentiment.
  • Oil: WTI crude traded at $61.10 and Brent at $64.45, reflecting high volatility.
  • Iron Ore: Vale’s Q1 output dropped 4.5% year-over-year due to severe weather disruptions in Brazil.
• Cryptocurrencies:
  • Bitcoin: Dropped to $83,600, extending its correction.
  • Top Performers YTD: UNUS SED LEO (+3.46%), XRP (+2.87%), Tether (+0.19%).

Top Performing Assets:

• Equities: European banking stocks led regional gains with a 2.8% surge.
• Commodities: Gold was among the top performers amid macroeconomic uncertainty.
• Cryptocurrencies: UNUS SED LEO and XRP outpaced broader crypto market returns year-to-date.

Key News Highlights:

• President Trump signaled possible auto tariff exemptions, calming market nerves.
• Goldman Sachs downgraded earnings expectations for European equities.
• Oil-exporting emerging markets face heightened fiscal risk due to plunging prices.
• Vale’s iron ore output fell significantly due to extreme weather in Q1.