The US stock market is still handling the latest events as Trump’s tariff suspension leads to a recovery and Bitcoin exceeds $82,000.
Major stock indexes are still recovering from the panic brought about by the growing US trade war. On April 11, the S&P 500 scored 43.75 points, up 0.83% to 5,531. At the same time, the Nasdaq increased by 168.65 points or 1.02% at 16,555.96, while the Dow Jones rose by 39,910, or 0.80% or 316.40 points.
The relatively strong performance of the high-tech NASDAQ suggests that investors are more prepared to take risks. As a result, crypto prices have also risen, with Bitcoin (BTC) increasing by 4.47%, trading at $82,708. Ethereum (ETH) has also recovered, increasing by 5.68% to $1,587.01.
Inflation fear reduction bond market
Still, the lingering issues continued, with stocks being fixed after the release of consumer sentiment figures. A University of Michigan survey showed consumer sentiment to 50.8 points compared to 57.0 in March. This figure was worse than the Dow Jones estimate of 54.6, which fell 34.2% year-on-year.
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The same study found that fear of inflation is likely to condemn the decline in consumer trust. Yearly inflation expectations rose to 6.7% from 5.0% the previous month. This uncertainty about inflation is that consumers are making their finances even more tense.
Inflation, trade and prolonged fears of potential recession are also affecting the bond market. Treasury yields rose to 4.466% in 2010, indicating a lack of liquidity in the market. This is especially true for foreign holders who are concerned about political and economic uncertainty under the Donald Trump administration.
“If you’re a foreign owner, there’s real pressure to sell the Treasury and corporate bonds all over the world. There’s a real concern that you don’t know where Trump is heading,” said Peter Chill, us head of macro strategy at Academy Securities.
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