The U.S. dollar strengthened against the Swiss franc and euro but weakened versus the yen as positive sentiment from a new U.S. trade deal was offset by political uncertainty surrounding Japanese Prime Minister Shigeru Ishiba’s future.
The S&P 500 rose to a record high, lifted by Nvidia and GE Vernova, as the European Union and the U.S. appeared headed toward a trade deal similar to an agreement U.S. President Donald Trump struck with Japan.
Oil prices fell for a third consecutive session, as hopes faded for a trade deal between the U.S. and Europe, feeding fears of an economic slowdown in the world’s largest oil markets.
SpaceX has moved 1,308 Bitcoin, worth approximately $153 million, in its first onchain activity in three years. The movement was flagged by Arkham Intelligence, which tracks wallets tied to the company.
Wall Street shares were mixed, with steep losses in General Motors and a gain in Tesla as investors focused on recent and upcoming quarterly reports. GM tumbled almost 7% after the automaker reported a $1 billion hit from tariffs to its quarterly result
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.
