Market Indices and Crypto Extend Losses Amid Defensive Trading
Equities and cryptocurrencies continued their downward trajectory as traders shrugged off US inflation data and trade relief developments. S&P 500 futures declined 0.37%, while Nasdaq 100 futures slipped 0.29%. Dow futures fell sharply by 257 points, erasing momentum toward record highs.
The Producer Price Index release failed to stir market sentiment, with investors already positioned defensively. Global tensions drove capital toward traditional SAFE havens, weakening the dollar to three-year lows against a basket of currencies.
Risk-off sentiment spread across European markets, with the STOXX 600 joining the selloff. Cryptocurrencies mirrored the broader market retreat, though no specific digital assets were mentioned in the context of these movements.
