(Bloomberg) – The euro earned early trading with Eastern European currencies, where the leaders of the region were quick to provide their support to Ukraine amid fears of American withdrawal.
Most of them read from Bloomberg
The joint currency increased by 0.3 % against the dollar, surpassing their main peers and exceeding some loss last week. Zloty also acquired the Polish and Roman LEU. Asian stocks opened higher, without Trump's installation preparing to slap the long definitions that were presented to Canada, Mexico and China.
“The American shift is definitely a historical opportunity for Europe to address an independent European defense issue with very positive economic repercussions because we know that many innovations with military application can have great civil benefits – the Internet for example,” said Christopher Dembek, chief investment manager in Pictet Asset Management. “But beware of excessive optimism.”
Bitcoin maintained a large extent at the Sunday gathering after President Donald Trump talked about his plan to obtain a strategic encryption reserve.
The markets started the week with one other geopolitical punch, as European leaders pledge to increase defense spending and collect what Britain called “an alliance of those who wish” to secure Ukraine. This is followed by the Saddam of an oval office between Trump and Ukrainian President Folodimir Zelinski due to the possibility of a ceasefire with Russia without American security guarantees.
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The possibility of a mutation in defensive spending by European countries has led to a sharp gathering in the shares of the companies participating in this sector, such as Rheinmetall AG in Germany, the UK Systems, and Rolls-Royce PLC, as well as Leonardo Spa Italy. However, the decline in the relevant government spending may affect the debt market in the mass.
“Will you see the negative markets? Pierre Yves Gaiter, President of Alvavaloy, said that the negatives are unlikely to be very complicated.” For markets, it is likely that the work is usual with the conviction now that the good round of European defense shares exists to remain. “
The S&P 500 rose by 1.6 % on Friday, while the cabinet spread in the February Rally, with revenue for two years less than 4 % after the data showed that inflation did not increase the heating. The basic personal consumption expenses index increased in January, which excludes food and energy elements, by 0.3 % from December. A year ago, it increased by 2.6 %, which corresponds to the smallest annual increase since early 2021.
Australian and Japanese stocks rose in early trading while the future of the American stock index was fixed. Hong Kong shares may decrease as investors are waiting for any negotiations at the last minute to avoid an additional increase in American commercial tariffs on Chinese goods that are scheduled to enter into force this week in addition to fees on Mexico and Canada.
In Asia this week, the hopes of merchants are increasing that an increase in financial spending will be announced at the National People's Conference in China to enhance local demand, which compensates for the risk of American definitions and maintain this year's gathering. The Chinese yuan has strengthened about 0.6 % this year, while a scale of stocks in the country jumped more than 12 %, or nearly five times the earnings of the global stock index, according to the data collected by Bloomberg.
“We are reasonably confident that optimism and momentum moved by artificial intelligence in Hang Singh here to stay in the short term, but there is a justification for a period of monotheism after the standard gains,” said Bny's chief strategic expert in BNY.
Elsewhere, this week, growth data in Australia as well as inflation readings in Latin America. The European Central Bank will submit a political decision after inflation readings in France and Italy last week supported the issue for more discounts. Trump will also address a joint session of Congress, and two polls indicate that he is losing support from Americans concerned with economics and inflation.
In goods, oil rose at the beginning of the week as the market is ready for Trump's definitions. Gold.
The main events this week:
Caixin Caixin PMI, Mon
CPI in the euro area, HCob Manufacturing Projects Index, Monday
UK S & P Global Manufacturing PMI, Mon
Japanese unemployment, Tuesday
Unemployment in the euro area, Tuesday
US President Donald Trump's speech to a joint session of Congress, on Tuesday
Australia GDP, Wednesday
Caixin Caixin PMI, Wed Wed
Chinese National Congress, Wednesday
PPI PMI, PPI, Wed Wed Wed
Andrew Billy Governor and his colleagues speak on Wednesday
Retail sales in the eurozone, European Central Bank price decision, Thursday
GDP in the euro area, Friday
US non -agricultural salaries, consumer credit, on Friday
Some of the main moves in the markets:
Shares
S& P 500 futures decreased by 0.1 % from 9:29 am Tokyo time
SENG's hanging futures decreased by 0.2 %
Japanese Topix increased by 0.9 %
S&P/ASX 200 increased in Australia 0.2 %
Futures in Euro Stoxx 50 % decreased by 0.3 %
Currency
The Bloomberg index in dollars decreased by 0.2 %
The euro rose 0.4 % to $ 1.0416
The Japanese yen did not change a little at 150.60 per dollar
Yuan did not change a little bit at 7,2886 per dollar
Cross currencies
Bitcoin fell 0.5 % to 93,833 dollars
The ether decreased by 1.5 % to 2,487.71 dollars
Bonds
The return on the treasury bonds is offered for a period of 10 years
The return of 10 years in Japan has three basis points to 1.400 %
The return of 10 years in Australia has provided four basis points to 4.33 %
Commodity
West Texas Intermediate crude increased by 0.6 % to $ 70.21 a barrel
Gold rose 0.4 % to 2,870.07 ounces
This story was produced with the help of Bloomberg's Option.
-With the help of Greg Ricci, Matthew Burgis, Julian Bonethus and Alegra Catley.
