Global markets steady as US‑China trade talks loom, Bitcoin hits $103k

4 hours ago

According to a Reuters marketplace wrap, satellite stocks ended the week little‑changed arsenic investors weighed a caller U.S.–U.K. tariff woody and this weekend’s high‑stakes gathering betwixt Washington and Beijing commercialized officials.

Stocks tread h2o connected tariff suspense

MSCI’s all‑country equity scale inched up conscionable 0.11% to 846.80, trimming a 0.3% play loss. Europe’s STOXX 600 added 0.44%, portion Germany’s DAX notched different grounds close.

On Wall Street, the Dow fell 0.29%, the S&P 500 slipped 0.07% and the Nasdaq eked retired a fractional gain. Weekly tallies were antagonistic crossed the board, mirroring broader caution highlighted by the Wall Street Journal arsenic traders braced for caller tariff headlines.

Dollar eases portion Treasury yields hover

The U.S. Dollar Index slipped 0.28% to 100.37, adjacent arsenic it preserved a play beforehand versus the yen, euro and Swiss franc. Benchmark 10‑year Treasury yields crept up to 4.386%, portion the 2‑year enactment eased to 3.887%.

For further discourse connected however rising yields ripple done crypto markets, spot CryptoSlate’s caller investigation connected Treasury output volatility.

Bitcoin and Ethereum widen gains

Risk appetite rotated toward integer assets, with Bitcoin climbing 0.58% to $103,224—its highest since January—marking a fourth‑straight regular advance. Ether rallied 6.7% to $2,493. Traders cited lingering uncertainty successful accepted assets and optimism astir eventual complaint cuts.

For longer‑term perspectives, CryptoSlate’s diagnostic connected Bitcoin terms projections through 2025 offers added insight.

Oil and golden drawback a bid

  • WTI crude settled at $61.02 (+1.85%)
  • Brent closed at $63.91 (+1.7%)
  • Spot golden firmed 0.67% to $3,327.53 per oz

Both commodities benefited from a softer dollar and hopes that immoderate thaw successful commercialized tensions could bolster demand.

Outlook

All eyes present crook to Saturday’s Geneva acme betwixt U.S. Treasury Secretary Scott Bessent and China’s Vice‑Premier. While analysts uncertainty a breakthrough, adjacent incremental signs of advancement could acceptable the code for planetary hazard assets—and by extension, crypto—into adjacent week’s U.S. CPI merchandise and the mid‑May Federal Reserve minutes.

The station Global markets dependable arsenic US‑China commercialized talks loom, Bitcoin hits $103k appeared archetypal connected CryptoSlate.

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