US markets are rebounding as the debate over Greenland fades. At the time the article was being prepared, there were minutes left before the important data of the day would be announced. BTC is above 90 thousand dollars and gains exceeding 2 percent in altcoins are noteworthy. It is quite positive that the dark clouds are dissipating as we move towards the last day of the week.
US and European Markets
Trump’s The continuation of the relief rally regarding the Greenland decision and the activity in the artificial intelligence sector were very good for stocks. US stock markets are recovering after the last big sell-off. S&P 500 futures rose 0.5% after the index posted its biggest gain since November. Shares of companies linked to artificial intelligence infrastructure are rising in premarket trading as Nasdaq 100 contracts rose 0.8%.
Goldtreasury bonds and money markets are volatile. Risk assets are relenting as silver pulls back. However, it is unclear how long this will last because Trump is likely to suddenly occupy the agenda with another topic of discussion.
NATO Although the details of the agreement with Trump are unclear, Trump is happy with it. On Thursday, the NATO secretary general informed that this agreement does not include a discussion on the sovereignty of the region. Maybe because Trump, as always, acts with the logic of “ask for more, settle for less”, he exaggeratedly demanded that Greenland be included in his borders.
The S&P 500 has yet to recoup its weekly loss, while gold is on course for its biggest weekly gain since October. So unless Trump suddenly backs out, there’s plenty of upside room in the risk markets. BTC At least he needs to get back the 94 thousand dollars he lost due to Greenland.
Will Trump Go Crazy Again?
Trump wanted Greenland to be included in his borders and was ready to make huge payments for it. However, he said yesterday that he had reached an agreement with NATO. We learn from the statements he just made that he has given up his land claim. These statements may continue the relief rally in cryptocurrencies.
“The US can establish as many bases as it wants in Greenland. The US will have all the military access it needs in Greenland.
“If we cannot get the Supreme Court decision we want on customs duties, we will do something else.”
The Supreme Court emphasis is the next ticking time bomb. Experts do not expect the decision to be made before February 20, and we will probably see this issue pressure the risk markets next month. Moreover, MSCI’s crypto reserve companies delist risk has not disappeared.
