Bitcoin in recovery, stocks edge up after a wild week in the markets

The US stock market still deals with the latest events, because Trump’s price break leads to the recovery, while Bitcoin is back above $ 82,000.

The main stock clues are still recovering from the panic caused by the escalation of the American trade war. On April 11, the S&P 500 won 43.75 points, up 0.83%, reaching 5,531. At the same time, the Nasdaq was 16,555.96, up 168.65 points or 1.02%, while the Dow Jones was at 39,910, up 0.80%or 316.40.

The relatively stronger performance of Nasdaq, heavy with technology, suggests that investors are ready to take more risks. For this reason, the prices of the crypto have also increased, with Bitcoin (BTC) In addition to 4.47%, negotiating $ 82,708. Ethereum (Eth) Also recovered, increasing by 5.68% to $ 1,587.01.

Declining bond market for inflation fears

However, persistent problems persist and the actions corrected after the release of consumer feeling figures. The survey of the University of Michigan puts the feeling of consumers to 50.8 points Compared to 57.0 in March. The figure was worse than the estimate of Dow Jones of 54.6, down 34.2% from one year to the next.

According to the same survey, fears of inflation are likely to blame the lowest consumer confidence. The expectations of inflation of the year reached 6.7%, compared to 5.0% the previous month. This uncertainty about inflation makes consumers more nervous about their finances.

Persistent fears on inflation, trade and potential recession also have an impact on the bond market. Yield on treasury bills at 10 years old increased to 4.466%indicating a lack of liquidity on the market. This is particularly the case for foreign holders, concerned about political and economic uncertainty under the administration of Donald Trump.

“There is real pressure around the world to sell treasury bills and corporate obligations if you are a foreign holder. There is a real global concern that they do not know where Trump is going.” said Peter Tchir, head of the American macro strategy at Academy Securities.

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