US STOCKS MOVE HIGHER AFTER TAMER CPI, YIELDS LOWER, USD WEAKER
Better-than-expected US CPI data boosts stocks and pushes yields lower.
US dollar weaker but rebounding amid volatile trading.
US debt market: 2-year yield at 3.940%, 5-year at 4.026%, 10-year at 4.285%.
MOSCOW WARY OF ‘JUMPING THE GUN’ AFTER THE U.S. AND UKRAINE UNITE OVER A CEASEFIRE DEAL Moscow responds cautiously to the U.S. and Ukraine’s agreement on a temporary ceasefire. U.S. and Ukrainian officials agreed on a 30-day ceasefire, but Russia must still accept the terms. The
EUROPE RETALIATES AGAINST TRUMP’S 25% TARIFFS ON STEEL AND ALUMINUM IMPORTS EU responds to Trump’s 25% tariffs on steel and aluminum. Counter-tariffs on $28.33 billion of U.S. goods to start in April. No 50% tariff increase on Canada, as initially planned.
Franklin Templeton applied to the SEC to launch an XRP ETF (a type of investment fund). The company submitted an S-1 filing on Tuesday. The SEC (Securities & Exchange Commission) delayed decisions on similar XRP ETF applications from Canary Capital and Grayscale.
The total crypto market is now worth $2.75 trillion after dropping 4% on Tuesday. Ethereum (ETH), Dogecoin (DOGE), and Chainlink (LINK) were the biggest losers among the top 20 cryptos. Traders are worried because Mt. Gox is about to return $930 million worth of Bitcoin (BTC). This could increase