It has been a wild ninety minutes in markets where Nasdaq swings from approx. 5% loss to a 5% gain and then returned to flat in very rapid order on a history-sensing denied by the White House-to-President Trump considered a ninety day’s delay in the implementation of his customs regime for all countries except China.
“False news,” said press secretary Caroline Leavitt in the White House in response to the delay ridden.
Swing also touched cryptos, with Bitcoin (BTC) rose from $ 74,400 to over $ 80,000 before retiring to $ 79,000, still lower by 4.3% over the last 24 hours. Ether (ETH) remains lower by more than 11%, while XRP is down 9.3%.
In the midst of the ongoing market span, however, there are some green shots where EU Commissioner Ursula von der Leyen says: “Europe is ready to negotiate with the US,” including zero-by zero-tariffs on industrial goods.
President Trump meanwhile said, “Countries from all over the world speak to us,” and claimed Japan is sending a “top team” to negotiate.