U.S. stock futures edged higher Friday morning, building on two consecutive days of gains. At the same time, Bitcoin surged over $103,000 reaching a 2025 high. This as investors remained optimistic about potential tariff rollbacks following a new trade agreement between the U.S. and the U.K.
Major Indexes as of 9:58 AM ET:
- Dow Jones Industrial Average: 41,475.31 (+0.26%)
- S&P 500: 5,663.94
- NASDAQ Composite: 17,928.14
Investors are also anticipating upcoming U.S.-China trade talks scheduled for this weekend in Switzerland, which could further influence market sentiment.
💹 Bitcoin Breaks Above $103K
Bitcoin (BTC) continued its upward trajectory, surpassing the $103,000 mark. As of 9:55 AM ET, BTC is trading at $103,452, reflecting a 4.1% increase from the previous close.
The surge in Bitcoin’s price is attributed to increased investor appetite for risk assets amid easing trade tensions and positive developments in global markets.
🌐 Global Markets Overview
Asia-Pacific:
- Nikkei 225 (Japan): 37,503.33 (+1.56%)
- Hang Seng Index (Hong Kong): 22,867.74 (+0.40%)
- Shanghai Composite (China): 3,342.00 (-0.30%)
Europe:
- FTSE 100 (UK): 8,558.96 (+0.32%)
- CAC 40 (France): 7,762.61 (+0.89%)
- DAX (Germany): 23,538.36 (+0.80%)
The positive momentum in global markets is largely driven by optimism surrounding the U.S.-UK trade deal and the potential for further easing of international trade tensions.
🛢️ Commodities and Currencies
Commodities:
- Brent Crude Oil: $63.37 per barrel (+0.84%)
- Gold: $3,325.70 per ounce (+0.88%)
Currencies:
- EUR/USD: 1.1258 (+0.27%)
- GBP/USD: 1.3289 (+0.31%)
- USD/JPY: 145.00 (-0.52%)
The commodities market is experiencing gains, with oil and gold prices rising amid improved investor sentiment.
📊 Earnings Reports to Watch
Several companies are scheduled to report earnings today, including:
- NeoGenomics (NASDAQ: NEO): Expected EPS of $0.00 on revenue of $120.47 million
- Anika Therapeutics (NASDAQ: ANIK): Estimated EPS of $0.09 on revenue of $28.07 million
- Gogo (NASDAQ: GOGO): Projected EPS of $0.08 on revenue of $214.44 million
Investors will be closely monitoring these reports for insights into corporate performance amid the current economic climate.
Outlook
With global markets responding positively to recent trade developments and Bitcoin reaching new highs, investors are cautiously optimistic.
However, attention remains focused on upcoming U.S.-China trade talks and potential policy shifts that could influence market dynamics in the coming weeks.
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