Weak US economic data impacted markets; the dollar fell, stocks rose, and commodities, including gold and Bitcoin, surged.
AUD/JPY trades near 94.40; short-term bullish signals persist, but overall sentiment remains neutral with mixed indicators.
API survey reports declines: 2.6M barrels crude, 2.2M distillates, 3.3M gasoline; EIA report expected tomorrow.
U.S. crude oil stocks rose slightly to 4.6 million, highlighting market fluctuations and investor caution.
GameStop adds bitcoin to reserves, investing cash or equity; ongoing investigations into alleged manipulation continue.
Dow Jones steady at 42,500 amid low consumer confidence, inflation concerns, and fiscal strength worries affecting sentiment.
UBS strategist Bhanu Baweja predicts an 8% S&P 500 decline, citing weakening consumers, earnings cuts, and policy uncertainty.
Trump defended tariffs, citing revenue and jobs. He mentioned Ukraine-Russia talks and noted market shifts and inflation.
Australia’s inflation holds at 2.5%. Government budget faces opposition over tax cuts, termed an electoral bribe.
Tim Cook praises Deepseek in China, boosting Apple shares, while Nvidia faces a bearish Death Cross downturn.
