The yen rose across the board after Japan’s ruling coalition lost its majority in the upper house, suggesting the result was mostly priced in, while investors braced for market disquiet ahead of a deadline on U.S. tariff negotiations.
Cryptocurrency investment products posted record-breaking inflows last week as they recorded gains for a 14th consecutive week. Global crypto exchange-traded products recorded $4.4 billion of inflows for the trading week that ended Friday, CoinShares reported
The S&P 500 and the Nasdaq hit record highs on Monday, lifted by Alphabet and other megacaps ahead of several earnings reports this week, while investors bet on potential trade deals to blunt economic damage from the Trump administration’s global tariffs.
Gold prices rose as a weaker U.S. dollar and ongoing geopolitical and economic uncertainty boosted demand for the safe-haven metal, while platinum prices eased after reaching their highest level since 2014.
Crude oil futures were little changed on mixed U.S. economic and tariff news and worries about oil supplies following the European Union’s latest sanctions against Russia for its war in Ukraine.
The U.S. dollar slipped against the euro on Friday but held on to weekly gains, as investors weighed expected Fed policy amid signs that tariffs may be starting to increase some inflation pressures and as Trump continued to criticise Chair Jerome Powell.
