{"id":56487,"date":"2025-04-03T06:57:45","date_gmt":"2025-04-03T06:57:45","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=56487"},"modified":"2025-04-03T06:57:45","modified_gmt":"2025-04-03T06:57:45","slug":"morning-update-02-04-2025","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=56487","title":{"rendered":"Morning Update | 02.04.2025"},"content":{"rendered":"<p>\ud83d\udcc9\ud83d\udcc8 <strong>Asian markets<\/strong> are trading mixed this morning, following a soft U.S. close:<br \/> \ud83c\udde8\ud83c\uddf3 China is flat to slightly up (0.00\u20130.10%)<br \/> \ud83c\uddef\ud83c\uddf5 JP225 +0.10%<br \/> \ud83c\udde6\ud83c\uddfa AU200 -0.30%<br \/> \ud83c\uddf8\ud83c\uddec SG20\u00a0-0.30%<\/p>\n<p>\ud83d\udcc9 U.S. index CFDs are down 0.10\u20130.20%.<br \/> \ud83c\uddea\ud83c\uddfa European markets also point to a soft\u00a0open.<\/p>\n<p>\ud83d\udccc <strong>Focus of the day:<\/strong><br \/> \ud83d\udd57 At 20:00 GMT, markets await the <strong>Trump administration\u2019s tariff decision<\/strong>.<br \/> \ud83d\udd59 Before that, we\u2019ll see the <strong>ADP jobs report<\/strong> for March\u200a\u2014\u200aan early snapshot of the labour\u00a0market.<\/p>\n<p>\ud83d\udcf0 <strong>From yesterday:<\/strong><br \/> \ud83c\uddfa\ud83c\uddf8 <em>WSJ<\/em> reports the U.S. Treasury &amp; Commerce Depts have proposed a <strong>broad tariff hike<\/strong> (up to 20%) for selected countries.<br \/> \ud83d\udcac Treasury Secretary Bessent: Tariffs are a \u201ccap\u201d and may be lowered later.<br \/> \ud83d\udcb6\ud83d\udcb5 Small boost seen in EUR, AUD &amp; NZD\u200a\u2014\u200athough gains\u00a0faded.<\/p>\n<p>\ud83c\udde6\ud83c\uddfa <strong>RBA\u2019s Kent<\/strong> raised the OMO repo rate by 5 bps (now +10 bps above cash rate), calling it a <em>technical tweak<\/em>, not a policy shift. Still, <strong>AUD is\u00a0gaining<\/strong>.<\/p>\n<p>\ud83c\uddef\ud83c\uddf5 <strong>BoJ\u2019s Ueda<\/strong> warned U.S. tariffs could dent global trade.<br \/> \ud83d\udcc8 USDJPY is up 0.18%, trading near\u00a0<strong>149.88<\/strong>.<\/p>\n<p>\ud83d\udcfa <strong>Chicago Fed\u2019s Goolsbee<\/strong>:<br \/> \u2705 U.S. economy = solid hard data<br \/> \u26a0\ufe0f Confidence = collapsing<br \/> \ud83d\uded1 Tariffs = supply shock risk \u2192 potential inflation<\/p>\n<p>\ud83c\udfd7\ufe0f In <strong>New Zealand<\/strong>:<br \/> \ud83e\uddf1 Feb building permits +0.7% MoM (vs +2.6% prior)<br \/> \ud83d\udcc9 YoY -7.8% (vs +10.6% in Jan)<br \/> \ud83e\ude99 NZD barely moved, still reacting to tariff\u00a0news.<\/p>\n<p>\ud83c\udde9\ud83c\uddea In <strong>Europe<\/strong>:<br \/> Germany\u2019s banking association slashed its <strong>2025 GDP forecast<\/strong> to just <strong>+0.2%<\/strong> (from 0.7%).<br \/> \ud83d\udcc8 Rebound to <strong>1.4%<\/strong> expected in 2026 thanks to gov\u2019t spending.<\/p>\n<p><a href=\"https:\/\/medium.com\/coinmonks\/morning-update-02-04-2025-3db81fdb3e1b\">\ud83c\udf05 Morning Update | 02.04.2025<\/a> was originally published in <a href=\"https:\/\/medium.com\/coinmonks\">Coinmonks<\/a> on Medium, where people are continuing the conversation by highlighting and responding to this story.<\/p>","protected":false},"excerpt":{"rendered":"<p>\ud83d\udcc9\ud83d\udcc8 Asian markets are trading mixed this morning, following a soft U.S. close: \ud83c\udde8\ud83c\uddf3 China is flat to slightly up (0.00\u20130.10%) \ud83c\uddef\ud83c\uddf5 JP225 +0.10% \ud83c\udde6\ud83c\uddfa AU200 -0.30% \ud83c\uddf8\ud83c\uddec SG20\u00a0-0.30% \ud83d\udcc9 U.S. index CFDs are down 0.10\u20130.20%. \ud83c\uddea\ud83c\uddfa European markets also point to a soft\u00a0open. \ud83d\udccc Focus of the day: \ud83d\udd57 At 20:00 GMT, markets await [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-56487","post","type-post","status-publish","format-standard","hentry","category-interesting"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/56487"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=56487"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/56487\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=56487"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=56487"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=56487"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}