🇺🇸 United States

• Equities: U.S. stocks surged as President Trump softened his stance on the Fed and hinted at reducing China tariffs. The S&P 500 rose 1.7%, the Dow Jones gained 1.1%, and the Nasdaq climbed 2.5%.
• Treasuries: Long-term yields declined, with the 10-year yield falling to 4.36%, as easing trade tensions lifted bond demand.
• Dollar: The U.S. dollar strengthened, with the Dollar Index rising to 99.74 on improved sentiment.
• Economic Data: S&P Global’s survey showed U.S. economic output hit a 16-month low in April, revealing underlying economic weakness despite positive market reaction.

🇪🇺 Eurozone

• Equities: European stocks hit near three-week highs, lifted by strong earnings from SAP and improved global sentiment. The STOXX 600 rose 1.8%, and Germany’s DAX climbed 3.1%.
• Economic Data: PMI data revealed stagnation in Eurozone business growth, highlighting fragile momentum across the region.

🇬🇧 United Kingdom

• Equities: The FTSE 100 rose 0.9%, supported by banking and mining stocks amid trade optimism.
• Currency: The British pound stabilized at $1.3337, despite weaker-than-expected business activity data.
• Outlook: The IMF cut the UK’s 2025 growth forecast from 1.6% to 1.1%, citing global trade risks.

🇨🇳 China

• Trade Relations: The U.S. Treasury Secretary called current tariffs unsustainable, signaling a willingness to negotiate with China.
• Corporate Developments: Chinese EV giant BYD plans to revamp its European operations following strategic challenges.

🇯🇵 Japan

• Equities: The Nikkei 225 gained 2.02%, led by strength in real estate, banking, and textile sectors.
• Currency: The yen weakened slightly against the dollar, trading around 141.63.

🌍 EMEA & Emerging Markets

• India: Indian equities hit 2025 highs as IT stocks rallied on U.S.-China trade optimism.

🛢️ Commodities

• Oil: Crude prices fell as Kazakhstan pushed to increase output, sparking concern about OPEC+ cohesion.
• Gold: Gold dropped to $3,323 per ounce as investors rotated into risk assets.

🪙 Cryptocurrencies

• Bitcoin: Bitcoin surged over $93,000, gaining nearly 7% as sentiment improved and investors piled into risk.
• ETFs: U.S. spot Bitcoin ETFs saw massive inflows of $936 million, indicating heightened institutional demand.

📌 Key Highlights

• U.S. and European equities rallied on easing trade tensions and strong tech earnings.
• Long-term Treasury yields dipped, and the dollar strengthened.
• Gold declined while crude oil fell amid OPEC+ uncertainty.
• Bitcoin crossed $93K with significant ETF inflows boosting sentiment.