Markets
The contrast between European and US markets becomes more evident as $SPX fell 1.8% while $STOXX 600 rises over a full percent. EURUSD gained 1.1%. Deregulation and an increased tech investment agenda are prominent in Europe. Key nations are also showing a stronger support for Ukraine than the US. Contrary to Mexico, Canada, and China, the region has been excluded from the first round of steep tariffs, although Trump seems to be making a push for an all-round levy of reciprocal tariffs, including automobiles. $BTC saw a short-lived spike after Trump announced strategic crypto reserves, then returned to mid-$80k levels.
Headlines
• Nvidia stock tumbles over 8% to close at lowest level since September
Singapore investigates $DELL and $SMCI, manufacturers of $NVDA ‘s server racks, for possibility of violating US export rules.
• Stock market today: Dow sinks, S&P 500 posts worst day of 2025 after Trump forges ahead on tariffs
Tariffs against Mexico and Canada set to begin tomorrow. Chinese tariffs get higher too, to 20%.
• Morgan Stanley sees Tesla stock reaching $430, reinstates top pick as an AI, robotics play
Says the potential decline in car deliveries throughout the year could create attractive entry points.
• ‘What Europe needs is a DOGE,’ Deutsche Telekom CEO says in impassioned plea for deregulation
“We need an initiative to cut down this bureaucracy and this administration here, because there are tens of thousands of people sitting there and administrating our industries,”
• FCC chair says U.S. will defend interests of its tech giants as European rules stoke tension
• Amazon-backed AI firm Anthropic valued at $61.5 billion after latest round
Anthropic’s revenue hit $1b in December last year.
• Trump announces $100 billion investment in U.S. from TSMC, calls it ‘most powerful company’ in world
$TSMC will build five new fabs in Arizona.
• Oscars 2025: ‘Anora’ cleans up, Adrien Brody and Zoe Saldana make history
• Melania Trump Advocates for Bipartisan Bill Against Deepfakes
• U.S. Arms Sales to Ukraine Halted, Sanctions on Russia Under Review
