EUR/USD
1.15564
0.830%
Gold
4669.91
3.523%
Oil
97.354
-4.496%
USD/JPY
158.733
-0.614%
GBP/USD
1.32287
0.344%
GBP/JPY
209.985
-0.270%
Real-time News
Microsoft (MSFT.O) plunged 23% in the first quarter, leading its technology peers and the Nasdaq index in its worst quarterly performance since the 2008 financial crisis.April 1st - U.S. stocks closed higher on Tuesday. The Dow Jones Industrial Average rose 2.48%, the S&P 500 gained 2.9%, and the Nasdaq Composite climbed 3.8%. Nvidia (NVDA.O) surged over 5%, Pinduoduo (PDD.O) climbed 3.8%, Intel (INTC.O) rose 7%, and Tesla (TSLA.O) gained over 4%. The Nasdaq China Golden Dragon Index closed up 2.7%, with NIO (NIO.N) rising 9% and Baidu (BIDU.O) gaining over 4%.On April 1, U.S. District Judge Richard Leon of the District of Columbia ordered the Trump administration to halt the White House banquet hall renovation project on March 31 until congressional authorization is obtained. In his opinion, Leon wrote, "The President of the United States is the steward of the White House, acting as its guardian for the future First Family; however, he is not the owner of the White House." The National Trust for Historic Preservation, a U.S. heritage preservation organization, sued President Trump and several federal agencies on December 12 last year, demanding a halt to the ongoing White House banquet hall renovation project and stating that the project was illegal.On April 1st, oil prices fell as Iran and the United States expressed their willingness to seek a solution to the conflict that has disrupted global energy transport, partially eliminating a long-standing price risk premium in the market. According to a statement from the Iranian presidents office cited by Euronews, the Iranian president stated that Iran is willing to end the war if its demands are met. This comes after the Wall Street Journal reported that Trump told aides he was willing to end the war without reopening the Strait of Hormuz. However, traders remain concerned that the impending solution will not eliminate the numerous disruptions already existing in the global energy system. Shaya Hosseinzadeh, chief investment officer at OnyxPoint Global Management, stated, "Even if this conflict were resolved tomorrow, it would take weeks or even months to restore oil supplies. And price signals do not fully reflect the reality."April 1 – The White House stated on Tuesday that the U.S. military is prepared to thwart any attack by Iran in response to threats made by Irans Islamic Revolutionary Guard Corps (IRGC) against U.S. businesses in the Middle East. "The U.S. military has always been and is prepared to deter any attack from Iran, as evidenced by the 90% decrease in the regimes ballistic missile and drone strikes," a White House official said. The IRGC reportedly announced earlier on Tuesday that it would begin operations targeting U.S. businesses in the region starting April 1 in retaliation for attacks against Iran.
