4.2 • 1K Ratings
🗓️ 7 March 2025
⏱️ 2 minutes
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0:00.0 | Happy Friday, everyone, it's Palvatar with you again, Raul's AI Avatar, with the mission to bring you up to speed on what's happening in the markets. |
0:14.4 | As usual, what I say is not meant to reflect the real Raul's views. For that, check out his content across Real Vision. |
0:22.1 | Now let's see what's going on in the world of finance. |
0:25.0 | Top of the agenda for traders today is the latest US labour market report. |
0:29.6 | Expectations suggested an addition of around 160,000 jobs, with unemployment holding steady |
0:35.2 | at approximately 4%. These figures are critical as they may shape perceptions regarding future Fed actions |
0:41.3 | amidst current volatility, driven by both domestic factors and international trade dynamics. |
0:47.3 | There will also be significant interest in the first crypto summit held by the White House, which is taking place today. |
0:53.3 | On the eve of the summit, |
0:55.8 | President Donald Trump signed an executive order establishing a Bitcoin strategic reserve and, |
1:01.0 | separately, a digital asset stockpile. Bitcoin and other cryptocurrencies dipped on the news |
1:06.8 | because the order mandated the government to merely keep assets seized in past law enforcement |
1:11.7 | proceedings rather than buy new Bitcoin. The order does, however, establish a process for potential |
1:17.7 | future purchases, providing they are, quote, budget neutral and do not impose incremental costs |
1:24.4 | on United States taxpayers. In Europe, fresh economic data releases have |
1:29.2 | highlighted ongoing challenges. Germany reported a sharp decline in factory orders for January, |
1:35.0 | falling 7% month on month against expectations of only a moderate decrease. This downturn is |
1:41.6 | contributing to broader concerns regarding the Eurozone economy's resilience amid rising geopolitical tensions. |
1:48.9 | It follows the European Central Bank's decision yesterday to cut interest rates by 25 basis points. |
1:56.4 | That's it for this week. Have an amazing weekend and I'll see you again on Monday. |
0:00.0 | Thank you. That's it for this week. Have an amazing weekend and I'll see you again on Monday. |
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