Thursday's Markets Update (March 6, 2025)

08 Mar 2025 by rate3

Thursday's Markets Update:

BTC, SOL, and ETH are down following stocks, with ADA leading the way with an 8% drop.

Equities are in deep red, falling to a four-month low as job cuts skyrocketed to 170K—the highest monthly total since 2009—with 62K government workers laid off (including by DOGE), followed by retail (39K) and tech (14K). Additionally, the trade deficit reached a new record of -131B due to tariffs, with imports surging to an ATH of 400B, primarily for metals, pharmaceuticals, and computers.

World's Markets:

- The ECB cut its rate to 2.65 from 2.9, as expected. It also projected inflation at 2.3% in 2025 and 1.9% in 2026, with GDP growth projected at 0.9% (2025) and 1.2% (2026). EU retail sales continued to slow, while construction activity—especially residential—dropped the steepest in three months, led by France. EU stocks are up on tariff relief, led by autos.
- Brazilian equities are mixed, while Indian equities are rising on relief from levies.
- Chinese stocks are also rising, driven by tech, including a 9% surge in Alibaba prices due to AI development, supported by the People's Congress focusing on innovations.

Commodities and Currencies:

- The dollar slipped but then recovered a bit on technicals, remaining under pressure from slowing economic growth and tariffs.

The State Of Markets: Mixed, with America's equities continuing to fall due to tariffs and an economic slowdown, EU stocks are rising on defense spending, while Asian markets are in the green due to a renewed tech rally.