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Shares cling to hopes for tariff relief, bitcoin jumps – Mar 3 2025

Posted on
03/03/2025
by
moneysmart-girl

Market Summary

  • Asian stock markets :
  • Bitcoin surges as Trump talks of crypto reserve
  • Markets still unsure if U.S. tariffs will go ahead
  • Nikkei rallies 1%, S&P 500 futures flat
  • Euro up on hopes for progress on Ukraine-Russia deal
Index Last Change % Change
trading higher

 43,840.91 +601.41 1.39%Positive
trading higher

 18,847.28 +302.86 1.63%Positive
trading higher

 5,954.50 +92.93 1.59%Positive

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Open

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High

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Low

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Close

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Index Last Change % Change
trading higher

 37,747.08 +591.58 1.59%Positive
trading higher

 23,218.96 +277.64 1.21%Positive
trading lower

 72,922.37 -275.73 0.38%Negative

Source: LSEG, opens new tab – data delayed by at least 15 minutes

Asian share markets made guarded gains on Monday as investors waited anxiously to see if imminent tariffs would go ahead, while bitcoin surged on news it would be included in a new U.S. strategic reserve of cryptocurrencies. BTC up 10% to $92,905.

Equities

MSCI’s broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS), opens new tab inched up 0.3%, while Japan’s Nikkei (.N225), opens new tab rose 1.0%. Chinese blue chips (.CSI300), opens new tab added 0.8%, helped by a pick-up in the Caixin/S&P manufacturing PMI to 50.8 in February, from 50.1.
S&P 500 futures and Nasdaq futures were both flat, having staged a late rally on Friday after a week of heavy losses.
EUROSTOXX 50 futures firmed 0.3%, while FTSE futures and DAX futures rose 0.6%.

An extra 10% levy on Chinese imports is also due to come into effect this week, just as the country’s National People’s Congress opens its third annual session on Wednesday where stimulus measures and possible reprisals against the U.S. could be announced.

Forex

EUR up 0.5% to $1.0421 on hopes for progress in a Russian-Ukrainian peace deal.
USD eased back to 1.4445 CAD, after rising 1.7% last week.
USD dipped to 20.4586 Mexican pesos.
JPY 150.32
DXY down slightly at 107.180.

Commodities

XAU firmed 0.5% to $2,873, having dropped around 3% last week.
Brent rose 76 cents to $73.57, U.S. crude added 74 cents to $70.50 per barrel.

For more news visit Reuters.com
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