Oil prices rose over 2% to end last week as the International Energy Agency said the market was tighter than it appears, while U.S. tariffs and possible further sanctions on Russia were also in focus.
President Donald Trump on Saturday threatened to impose a 30% tariff on imports from Mexico and the European Union starting on August 1, after weeks of negotiations with the major U.S. trading partners failed to reach a comprehensive trade deal.
The U.S. dollar rose against major currencies including the euro and the Swiss franc as currency markets largely shrugged off President Donald Trump’s latest tariff missives, except in Brazil where a threatened 50% levy sent the real sliding.
Nvidia’s stock market value ended the trading session above $4 trillion for the first time on Thursday, solidifying the AI chipmaker’s position as one of Wall Street’s most-favored stocks.
Bitcoin price hit new highs as a stablecoin liquidity metric pointed to fresh capital flowing into BTC. Retail investor inflows dropped while Binance’s market share surged past 49%, highlighting institutional investors’ role in driving the rally.
The U.S. dollar’s share of global currency reserves reported to the International Monetary Fund nudged lower to 57.7% in the first quarter of 2025 while the share of euro-denominated reserves gained, International Monetary Fund data showed.
