US crypto reserve confirmed by Trump
EU mid-market update: Money floods into European defense names as US-Ukraine relationship sours and EU reinforces commitment at London Summit; US Crypto Reserve confirmed by Trump.
Notes/observations
– Markets started the week with cautious optimism following the weekend’s geopolitical developments. Asian stocks were led by a recovery theme, with Indonesia’s stocks surging 3.5% – its biggest one-day gain in four years. Eurostoxx and DAX also followed suit at open, mirroring the positive momentum. Cryptos saw a dramatic recovery, with Bitcoin rising 10% following Trump’s executive order on digital assets. However, attention quickly turned to trade developments as US tariffs on Canada and Mexico are set to go into…
