Morning Update | 03.04.2025

๐Ÿ“œ Trump signs executive order on tariffs
๐Ÿ‡บ๐Ÿ‡ธ A blanket 10% tariff on all U.S. imports kicks in from 5 April (Canada & Mexico excluded via USMCA).
๐Ÿšซ Retaliatory tariffs effective 9 April:
๐Ÿ‡ช๐Ÿ‡บ EU: 20%
๐Ÿ‡ฏ๐Ÿ‡ต Japan: 24%
๐Ÿ‡ฌ๐Ÿ‡ง UK: 10%
๐Ÿ‡จ๐Ÿ‡ณ China: extra 34% โ†’ Total: 54%
๐Ÿš— Auto tariffs? Already in effect fromย today.

๐Ÿ“‰ Wall Street: Green closes, red futures
๐ŸŸข Yesterday:
S&P 500: +0.87%
DJIA: +0.56%
Nasdaq: +0.87%
Russell 2000: +1.65%
๐Ÿ”ด After-hours plunge post โ€œLiberation Dayโ€ speech:
S&P 500: -2.7%
DJIA: -2%
Nasdaq: -3.2%
Russell 2000:ย -4%

โš ๏ธ Magnificent 7 meltdown
๐Ÿ“‰ Tesla -8% | Apple -7% | Amazon -6%
๐Ÿ“‰ Nvidia -5.7% | Meta -4.7% | Alphabet -3.5% | Microsoft -2.9%

๐Ÿ‡ช๐Ÿ‡บ Von der Leyen responds:
Slams U.S. tariffs, calls for โ€œ๐Ÿ•Š๏ธnegotiation not confrontation.โ€
๐Ÿ”จ EU preparing countermeasures on steel & aluminium.

๐Ÿ’ฌ Fedโ€™s Kugler: No rush to cut rates amid inflation worries.
๐Ÿ“Š UBS warns: Tariffs could push ๐Ÿ‡บ๐Ÿ‡ธ inflation toย 5%.

๐ŸŒ Asia-Pacific deep in red
๐Ÿ‡ฏ๐Ÿ‡ต Nikkei 225: -3.3%
๐Ÿ‡ญ๐Ÿ‡ฐ HSCEI: -1.7%
๐Ÿ‡จ๐Ÿ‡ณ Shanghai: -0.5%
๐Ÿ‡ฐ๐Ÿ‡ท Kospi: -1.15%
๐Ÿ‡ฆ๐Ÿ‡บ ASX 200:ย -0.95%

๐Ÿ“ˆ China Services PMI surprises:
๐Ÿงพ 51.9 (forecast 51.5) โ†’ Best new business growth since Dec, plus lower costs & hiringย surge.

๐Ÿ“ˆ Australia Services PMI rises:
From 51.3 โ†’ 51.6
Growth driven by lower price pressures & highest employment jump since Aprilย 2023.

๐Ÿ’ฑ FX Market:
๐Ÿ’ฅ After Trumpโ€™s speech, the dollar weakens across the board (USDIDX: -0.75%).
๐Ÿ“‰ USDJPY: -1.4%
๐Ÿ“ˆ CHFUSD: +1.1%
๐Ÿ’ถ EURUSD: +0.85% โ†’ Above 1.09
๐Ÿƒโ€โ™‚๏ธCapital flows to safeย havens.

๐Ÿ’ฐ Commodities bleeding:
๐Ÿฅ‡ Gold: -0.19% ($3,129/oz)
๐Ÿฅˆ Silver: -2.13% ($33.15/oz)
๐Ÿ›ข๏ธ Brent & WTI: -2.5%
๐Ÿ”ฅ NATGAS:ย -1.7%

๐Ÿช™ Crypto in retreat:
โ‚ฟ bitcoin: -2.6% ($83,440)
ฮž ethereum: -2.6% ($1,831.50)
๐Ÿ“‰ Trump token: -7.5%
๐Ÿ“‰ Solana: -4.5%
๐Ÿ“‰ Chainlink: -2.9%


๐ŸŒ… Morning Update | 03.04.2025 was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.

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