Real Vision: Finance & Investing Crypto Jumps on Trump’s Reserve Plans, Tariffs Loom & PMI Surprises: PALvatar Market Recap, March 3 2025
Mar 3, 2025
Crypto is making a comeback as Trump hints at a strategic reserve that includes popular coins like Bitcoin and Ethereum. Amid fears of new tariffs on Mexico, Canada, and China, market volatility spikes. Meanwhile, China's manufacturing sector shows promising growth with a surprising PMI jump. On the European front, inflation eases slightly, setting the stage for upcoming decisions by the ECB. It's a whirlwind of developments, and staying informed is crucial for investors navigating these unpredictable waters.
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Crypto Rebound
- Crypto rebounded after a difficult month, boosted by Trump's plan for a strategic reserve.
- This reserve would include Bitcoin, Ether, Solana, Ripple, and Cardano, signaling potential government support.
Tariff Uncertainty
- Trump's planned tariffs on Mexico, Canada, and China add to market uncertainty.
- This follows declines in the S&P 500 and Nasdaq due to trade tension fears.
China's PMI Surprise
- China's Caixin Manufacturing PMI surprised with a rise to 50.8, its highest since November.
- This positive news lifted sentiment in some Asian markets despite tariff concerns.