Global markets saw mixed but generally positive moves as investors digested trade negotiations, central bank developments, and regulatory changes. European equities edged higher on China-U.S. trade optimism, while the dollar slipped ahead of key U.S. inflation data. Bitcoin surged toward record highs on supportive U.S. policy signals, and the search for the next Fed chair gathered momentum.
European Equities Edge Higher on Trade Optimism
European markets opened the week on a positive note, with Germany’s DAX up 0.1%, France’s CAC 40 gaining 0.2%, and the UK’s FTSE 100 rising 0.2%. The uptick came as investors focused on renewed momentum in China-U.S. trade negotiations, boosting hopes for improved global trade flows.
Dollar Slips Ahead of Inflation Data
The U.S. dollar eased slightly, with the Dollar Index down 0.2% to around 98.07, as traders positioned for upcoming U.S. inflation figures. Market attention is also on the U.S.-China tariff truce deadline, with speculation over a possible extension influencing currency moves.
Fed Chair Succession Talks Gain Momentum
Treasury Secretary Scott Bessent has expanded the search for a new Federal Reserve chair to replace Jerome Powell. According to reports, the ideal candidate will be someone who can take a critical look at the Fed’s organizational structure—signaling a potential shift in central bank governance priorities.
Bitcoin Nears Record High on U.S. Regulatory Shift
Bitcoin rallied to nearly $122,000, approaching its all-time high. The move followed President Trump’s executive order encouraging regulators to enable crypto assets in U.S. retirement plans, a policy change that could attract significant institutional investment into the sector.
FTSE 100 Gains Amid Signs of UK Labour Market Softening
In the UK, the FTSE 100 advanced around 0.2%, buoyed by economic data pointing to a cooling labour market. Analysts suggest the moderation could ease pressure on the Bank of England regarding further interest rate hikes.
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