📉 Wall Street ended lower yesterday, with the S&P 500 inching toward its worst quarter since 2023.
📈 U.S. futures are up ~0.1%, but rising VIX ⚠️ signals caution — the rebound may not last.
🚗 Automakers like Ford and GM fell sharply on fears of higher costs from tariffs.
📊 Today’s key events: 🕧 12:30 GMT — U.S. PCE inflation (Feb)
🕑 14:00 GMT — Final University of Michigan sentiment & inflation expectations
🥇 Gold is shining bright — up 0.8% to a record $3,085/oz, boosted by uncertainty and tariffs.
💵 USD is slightly stronger:
EUR/USD slips to 1.078
USD/JPY drops 0.3% after Tokyo inflation surprised to the upside (2.4% vs 2.2%)
🛢️ Oil & gas are flat, while 🌾 wheat leads agri losers, down 0.6%+.
💥 Crypto market under pressure:
bitcoin falls 1.5% to $85,500Polygon, Sandbox, Gala drop over 7%
🗣️ Fed speak:
📌 Thomas Barkin says the Fed should wait for clarity before acting on rates.
📌 Susan Collins highlights growing uncertainty and inflation risks — tariffs may raise prices short-term.
🇨🇦 Canada says it will respond to U.S. tariffs.
🇬🇧 The UK also reacted, but remains open to talks with the Trump administration.
🌅 Morning Update | 28.03.2025 was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.