The Information and Analytical Center of the Association of Ukrainian Banks has prepared a brief overview of the main trends in international financial markets.
Cryptocurrencies
Over the past month, Bitcoin has been trending in a range of $107-117, with a slight decline in recent days. Since the beginning of the year, the return on investment has been 21.96% in US dollars.
The cryptocurrency market declined amid large-scale liquidations of margin long positions worth over $1.5 billion.
Currency market
The US dollar to euro exchange rate has been relatively stable over the past month, falling 13.76% since the beginning of the year.
Stock markets
S&P 500 futures fell 0.3% after hitting a record high last week amid expectations of a Fed rate cut.
US stocks are likely to decline as investors look for new drivers at the start of a relatively quiet week.
Porsche AG shares fell the most in history after cutting its electric vehicle production plans.
Monetary policy and data
The US Federal Reserve cut interest rates for the first time this year.
The main macroeconomic indicator this week will be Friday's publication of core inflation data.
Next week's US employment report could be a key factor for the markets.
Precious metals
Gold exceeded $3,700 per ounce, reaching a record high thanks to a three-year record inflow of funds into ETFs.
Silver rose to its highest level since 2011.
The price increase (+40% since the beginning of 2025) is supported by expectations of further Fed rate cuts, geopolitical risks, and demand for safe-haven assets.
The AUB Information and Analytical Center will continue to monitor key changes in global markets and inform participants in the financial sector.
Sincerely,
Information and Analytical Center of the Association of Ukrainian Banks
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