New York, NY – As the trading week kicks off, investors are closely monitoring the impact of President Trump’s decisions on global markets. There is anticipation of further negotiations between the United States and its trade partners, with the possibility of a 25% tariff on Canadian and Mexican imports set to take effect on Tuesday. Commerce Secretary Howard Lutnick mentioned that a final decision has not been made by President Trump.
The stock market experienced mixed results, with the Dow industrials remaining steady while the S&P 500 and Nasdaq saw declines. This follows a strong rally on Friday, which marked the end of a challenging month for investors. Benchmark Treasury yields also saw a decline below 4.2%, marking the sharpest drop in over a year.
In the currency market, the U.S. dollar weakened against the euro and the British pound. Meanwhile, Bitcoin’s value stabilized around $90,000 after a surge linked to President Trump’s remarks about a U.S. strategic reserve. Companies involved in cryptocurrency, such as Coinbase and MicroStrategy, saw gains in morning trading.
European stocks performed well, driven by the strength of defense companies like BAE Systems and Thales, which saw an increase of over 15%. This positive performance in Europe contrasts with the uncertainty surrounding U.S. trade policies and their potential impact on the global economy. Investors are closely watching for any updates or changes in the situation.