{"id":56573,"date":"2025-04-03T13:42:04","date_gmt":"2025-04-03T13:42:04","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=56573"},"modified":"2025-04-03T13:42:04","modified_gmt":"2025-04-03T13:42:04","slug":"morning-update-03-04-2025","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=56573","title":{"rendered":"Morning Update | 03.04.2025"},"content":{"rendered":"

\ud83d\udcdc Trump signs executive order on tariffs<\/strong>
\ud83c\uddfa\ud83c\uddf8 A blanket 10% tariff<\/strong> on all U.S. imports kicks in from 5 April<\/strong> (Canada & Mexico excluded via USMCA).
\ud83d\udeab Retaliatory tariffs effective 9 April<\/strong>:
\ud83c\uddea\ud83c\uddfa EU: 20%
\ud83c\uddef\ud83c\uddf5 Japan: 24%
\ud83c\uddec\ud83c\udde7 UK: 10%
\ud83c\udde8\ud83c\uddf3 China: extra 34% \u2192 Total: 54%<\/strong>
\ud83d\ude97 Auto tariffs? Already in effect from\u00a0today<\/strong>.<\/p>\n

\ud83d\udcc9 Wall Street: Green closes, red futures<\/strong>
\ud83d\udfe2 Yesterday:
S&P 500: +0.87%
DJIA: +0.56%
Nasdaq: +0.87%
Russell 2000: +1.65%
\ud83d\udd34 After-hours plunge post \u201cLiberation Day\u201d speech:
S&P 500: -2.7%
DJIA: -2%
Nasdaq: -3.2%
Russell 2000:\u00a0-4%<\/p>\n

\u26a0\ufe0f Magnificent 7 meltdown<\/strong>
\ud83d\udcc9 Tesla -8% | Apple -7% | Amazon -6%
\ud83d\udcc9 Nvidia -5.7% | Meta -4.7% | Alphabet -3.5% | Microsoft -2.9%<\/p>\n

\ud83c\uddea\ud83c\uddfa Von der Leyen responds:<\/strong>
Slams U.S. tariffs, calls for \u201c\ud83d\udd4a\ufe0fnegotiation not confrontation.\u201d
\ud83d\udd28 EU preparing countermeasures on steel & aluminium.<\/p>\n

\ud83d\udcac Fed\u2019s Kugler<\/strong>: No rush to cut rates amid inflation worries.
\ud83d\udcca UBS warns<\/strong>: Tariffs could push \ud83c\uddfa\ud83c\uddf8 inflation to\u00a05%<\/strong>.<\/p>\n

\ud83c\udf0f Asia-Pacific deep in red<\/strong>
\ud83c\uddef\ud83c\uddf5 Nikkei 225: -3.3%
\ud83c\udded\ud83c\uddf0 HSCEI: -1.7%
\ud83c\udde8\ud83c\uddf3 Shanghai: -0.5%
\ud83c\uddf0\ud83c\uddf7 Kospi: -1.15%
\ud83c\udde6\ud83c\uddfa ASX 200:\u00a0-0.95%<\/p>\n

\ud83d\udcc8 China Services PMI<\/strong> surprises:
\ud83e\uddfe 51.9 (forecast 51.5) \u2192 Best new business growth since Dec, plus lower costs & hiring\u00a0surge.<\/p>\n

\ud83d\udcc8 Australia Services PMI<\/strong> rises:
From 51.3 \u2192 51.6
Growth driven by lower price pressures & highest employment jump since April\u00a02023.<\/p>\n

\ud83d\udcb1 FX Market:<\/strong>
\ud83d\udca5 After Trump\u2019s speech, the dollar weakens<\/strong> across the board (USDIDX: -0.75%).
\ud83d\udcc9 USDJPY: -1.4%
\ud83d\udcc8 CHFUSD: +1.1%
\ud83d\udcb6 EURUSD: +0.85% \u2192 Above 1.09
\ud83c\udfc3\u200d\u2642\ufe0fCapital flows to safe\u00a0havens<\/strong>.<\/p>\n

\ud83d\udcb0 Commodities bleeding:<\/strong>
\ud83e\udd47 Gold: -0.19% ($3,129\/oz)
\ud83e\udd48 Silver: -2.13% ($33.15\/oz)
\ud83d\udee2\ufe0f Brent & WTI: -2.5%
\ud83d\udd25 NATGAS:\u00a0-1.7%<\/p>\n

\ud83e\ude99 Crypto in retreat:<\/strong>
\u20bf bitcoin: -2.6% ($83,440)
\u039e ethereum: -2.6% ($1,831.50)
\ud83d\udcc9 Trump token: -7.5%
\ud83d\udcc9 Solana: -4.5%
\ud83d\udcc9 Chainlink: -2.9%<\/p>\n

\ud83c\udf05 Morning Update | 03.04.2025<\/a> was originally published in Coinmonks<\/a> on Medium, where people are continuing the conversation by highlighting and responding to this story.<\/p>","protected":false},"excerpt":{"rendered":"

\ud83d\udcdc Trump signs executive order on tariffs \ud83c\uddfa\ud83c\uddf8 A blanket 10% tariff on all U.S. imports kicks in from 5 April (Canada & Mexico excluded via USMCA). \ud83d\udeab Retaliatory tariffs effective 9 April: \ud83c\uddea\ud83c\uddfa EU: 20% \ud83c\uddef\ud83c\uddf5 Japan: 24% \ud83c\uddec\ud83c\udde7 UK: 10% \ud83c\udde8\ud83c\uddf3 China: extra 34% \u2192 Total: 54% \ud83d\ude97 Auto tariffs? Already in effect […]<\/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-56573","post","type-post","status-publish","format-standard","hentry","category-interesting"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/56573"}],"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=56573"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/56573\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=56573"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=56573"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=56573"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}