02/21/2025
Thursday's Markets Update:
The State of the World Market: Down, investors fleeing to safety from US assets amid growing geopolitical and economic worries.
BTC, SOL, and ETH are in the green on cautious buying. SOL continues to struggle after a sharp decline in meme coin trading.
Equities closed in the red on earnings, despite rising jobless claims and falling manufacturing. Palantir dropped due to expected Pentagon budget cuts.
World's Markets:
- In Europe, construction output continued to decline while consumer confidence is rising in anticipation of the ECB easing rates. EU stocks are mixed as traders assess corporate profits, with chip stocks going up while FMCG stocks went down.
- The Brazilian market is neutral, while Indian stocks are down due to selling in IT and banks.
- Chinese equities are in the red on profit-taking.
- The Japanese yen is at a two-month high as the flight from USD assets intensifies amid Trump's 'aggressive negotiation' tactics.
Commodities:
Oil prices are rising while the dollar is down, as tariffs and rate projections remain uncertain. Gold has reached a new ATH amid ongoing risk-off sentiment.