📉 The U.S. stock market sell-off has paused, though major indices closed in the red yesterday:
🔴 Nasdaq 100 lost nearly 0.3%
📉 Futures on US500, US100, and US30 are slightly down today
⚠️ VIX volatility index is rising 0.8%
🌏 Asian session saw mixed sentiment:
📉 Hang Seng dropped over 1%
📊 Key Events Today:
📢 🇺🇸 US CPI data (12:30 PM GMT) 🔥
📊 🛢️ OPEC report & Crude oil inventory changes (+2M barrels expected vs. previous 3.6M)
🏦 🇨🇦 Bank of Canada rate cut (-25 bps from 3% → 2.75%)
💵 Forex Market:
📈 USD Index rebounds +0.3%
📉 EUR/USD down 0.2%
🎤 ECB speakers today: Christine Lagarde, Simkus, Villeroy, Panetta, Lane
⚖️ Trade Wars Update:
🏛️ 🇺🇸 White House confirms a 25% tariff on steel & aluminum for all trading partners (from midnight, March 12)
🇺🇸 Trump’s advisor Navarro stated that the planned 50% tariffs on Canadian steel & aluminum will now start April 2nd instead 🚧
🛢️ Commodities:
📉 Oil & gas slightly down (-0.3% to -0.6%)
📉 Precious metals show minor losses, but gold remains stable at $2,913/oz
💰 Crypto Market:
📉 Bitcoin falls over 2% to $81,500
📉 TrumpCoin plunges more than 5%
🇪🇺 European index futures show slight gains, supported by:
🤝 Constructive talks in Saudi Arabia between Ukraine & the White House
🇺🇦 Ukraine ready for a 30-day ceasefire on land, sea & air
🇷🇺 U.S. to discuss a potential resolution with Russia
📉 US API Crude Oil Stock Change: 4.247M (Forecast: 2.1M, Previous: -1.455M)
⛽ Gasoline inventories: -4.56M (Prev: -1.25M)
🌾 Grain Market:
📉 Soybeans, wheat & corn slightly down after WASDE report
🌾 U.S. wheat stocks up due to higher imports & lower exports
📉 USDA lowers 2024/25 US farm price estimates
📈 Raises production forecasts for 🇷🇺 Russia, 🇺🇦 Ukraine, 🇦🇷 Argentina, 🇦🇺 Australia
📍 Stay tuned for more updates! ⏳📊
🚀 Morning Update (12.03.2025) was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.