U.S. President Donald Trump plans to speak by phone with Canada and Mexico on Monday, which could calm market concerns about tariffs, XTB's Kathleen Brooks said in a note. "[The calls] could give some hope for a deal, if not now, in the future," Brooks said. The prospect of a call could keep traders optimistic, she said. The Canadian dollar and Mexican peso remain weak, but have moved from earlier multi-year lows...
France's January manufacturing PMI final value of 45, expected 45.3, the previous value of 45.3.
Germany's January manufacturing PMI final value of 45, expected 44.1, the previous value of 44.1.
The final value of the UK manufacturing PMI in January was 48.3, compared with expectations of 48.2 and the previous value of 48.2.
New analysis from QCP Capital points out that the Trump administration's first round of trade policies has triggered wild volatility in global markets. The yield curve has flattened in a bear market, with two-year yields rising and 10-year yields falling, indicating concerns about short-term inflation and the long-term risks to global growth from the trade war. The widening gold price gap between New York and London reflects not only the popular EF...
Taiwan's weighted index closed down 830.7 points, or 3.53 percent, at 2 2694.71 on Monday. Semiconductor stocks led the market lower, with TSMC down 5.7 percent.
On February 3rd, the Nikkei 225 index closed down 1052.40 points, or 2.66%, at 38520.09 points on February 3rd (Monday); South Korea's KOSPI index closed down 64.04 points, or 2.54%, at 2453.33 points.
The Bank of England is expected to cut interest rates by another 25 basis points this week, as policymakers weigh signs of a weakening British economy against the prospect of a short-term pick-up in inflation. Financial marekt has been betting that the Bank of England's monetary policy committee will cut the official interest rate to 4.5% on Thursday, the third cut in borrowing costs in more than half a year. But with inflation likely to pick up again in the UK and US President Donald Trump's ta...
On February 3rd, Binance co-founder He Yi said in the community Space that Binance currently has two US law enforcement coordinators, internal audit has conducted more than 120 investigations in the past two years, more than 60 people have been fired for violations, and a total of 30 million US dollars has been recovered.
US President Donald Trump officially announced tariffs on China, Canada, and Mexico, the three largest sources of US imports, on the 1st, sparking fears of a trade war. On the 2nd local time, Trump admitted that Americans "may" feel the economic "pain" from the tariffs, but at the same time claimed that it is the "price" of making America great again. "The United States has huge deficits with Canada, Mexico, and China (and almost all countries!)...
Matrixport co-founder Daniel Yan pointed out in a post that the current Asian market is overly sensitive to negative news and lacks independent thinking. The current sell-off is a typical weak market caused by illiquidity and commodity trading advisors (CTAs) following the trend. The impact of the new tariff policy on US productivity and inflation is limited, and the market is expected to recover soon.
South Korea's bitcoin "kimchi premium" surged to 9.7% at 2 a.m. on February 3, hitting a 10-month high since April 2024, driven by concerns about Trump's tariff war. Min Jung, analyst at Presto Research, said kimchi premiums typically rise during bull markets but can also spike during panic selling, as selling pressure on Korean exchanges is lower than in global markets. As of press time, kimchi premiums have fallen back to 8.24 per cent, compared with a historical average of about 5 per cent.
Utah could become the first state in the US to establish a bitcoin reserve because of its short legislative window and "political momentum". Dennis Porter, CEO of the Satoshi Action Fund, said in an interview with U.S. Senator Cynthia Lummis on February 2 that Utah has a good chance of becoming the first state in the United States to establish a bitcoin reserve because they only have 45 days to make a decision. Dennis Porte said in an interview on January 21: "It's either a success in 45 days or...
Market news: US President Trump said he plans to impose tariffs on European Union products soon.
MicroStrategy founder Michael Saylor wrote on X: Never sell your Bitcoin. (Never sell your Bitcoin.)