Tuesday's session on European markets saw rises in indices from the Old Continent. The DAX gained more than 0.37%, and France's CAC40 gained nearly 0.9%.
Sentiment on Wall Street is rather optimistic, although the main indexes are moving in a sideways trend. Investors are waiting for tomorrow's CPI inflation report from the US, which is likely to be the last key macroeconomic indicator before the FOMC meeting in early May.
Bitcoin's breakout above the psychological $30,000 barrier triggered a powerful rally in the shares of listed companies with significant exposure to the digital asset market. Companies such as Riot Blockchain (RIOT.US), Silvergate Capital (SI.US) and Coinbase (COIN.US) are trading up between 7% and 14%.
The Swiss franc and the euro are the best performers in the FX market at the moment. Under pressure are the New Zealand dollar and the Japanese yen.
China's inflation reading showed a decline below analyst consensus. On a year-on-year basis, the year-on-year growth rate of prices for goods and services was 0.7%, compared to the 1% recorded earlier and signaled by the consensus.
The start of the new week brings a rise in sugar contract prices. SUGAR is 2% higher today and managed to break above the level of $24.06 per pound i.e. the 2016 maximum. As a result, the price was briefly at its highest level since April 2012, an 11-year peak. The strong upward momentum initiated in late March is driven by positive fundamental factors for the price.
US natural gas prices (NATGAS) are gaining more than 2.5% higher today. NATGAS has already risen more than 10% from Thursday's low. A new set of weather forecasts for the U.S. can be pointed to as a reason for the improvement in natural gas sentiment this week.
WTI crude oil is currently gaining more than 2% in the face of recently announced production cuts by OPEC+ and relatively good sentiment among energy sector listed companies.
In the face of the specter of economic uncertainty, the all-time dynamic upward momentum is being maintained by gold and silver, which are trading up 0.7% and 1% today, respectively.
Bitcoin is garnering the most attention in the crypto market today, as the cryptocurrency tests the psychological level of $30,000 and is trading at its highest level since early June 2022.
Solana cryptocurrency is gaining 12% today, thanks to the scheduled Thursday launch of the Saga phone, an Android phone powered by Solana's blockchain.
