Markets
Notable rebound in tech drives market upward as tariff concerns ease. Trump came up with various statements regarding tariffs – again-on Venezuelan oil, Chinese ships, auto, pharma. However, also mentioned a lot of countries would be eligible for a step-down in tariffs. $SPX rose 1.8%. Meanwhile, India’s $SENSEX continues to pick up, rising 6.5% MTD. $BTC tests $90k as Trump’s cabinet hosts a round table to discuss concrete measures around the de-regulation of the crypto market.
Headlines
• Dow jumps nearly 600 points on Monday as investors hope Trump softens tariff stance: Live updates
Trump said on Monday a lot of companies could get tariff breaks. $TSLA climbed 12%
• Trump says countries that purchase oil from Venezuela will pay 25% tariff on any trade with U.S.
“that’s on top of existing tariffs”
• Investors’ optimism is growing around the UK economy as U.S.-EU trade disputes mount
• China’s open-source embrace upends conventional wisdom around artificial intelligence
• Tesla brand damage is ’overdone’, Piper Sandler says
Reiterates buy-stance as they deem supply chain shock as the driver behind lagging sales.
• Trump says he will soon announce tariffs on autos, aluminum, pharmaceuticals
• US SEC holds crypto task force roundtable as Trump plans regulatory revamp
• Alibaba-affiliate Ant combines Chinese and U.S. chips to slash AI development costs
• South Korea’s Hyundai announces $21 billion U.S. investment
Includes $5.8b steel plant in Louisiana
• FBI launches Tesla threats task force: ‘This is domestic terrorism’
• Heathrow Airport had enough power to avoid shutdown after fire, Britain’s National Grid says
