European stocks opened mixed, the US dollar paused its decline, and spot gold fell slightly

Wallstreetcn
2025.05.30 22:27
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Under the shadow of tariff uncertainty, the US dollar rose slightly by 0.21% to 99.54 points, alleviating a decline for the fifth consecutive month. Major European stock indices opened mixed, with the Stoxx 50 index opening down 0.02%. The yield on the 10-year US Treasury bond is currently at 4.41%. Spot gold fell slightly by 0.5% to USD 3,295.62 per ounce

On Friday the 30th, under the shadow of tariff uncertainty, the US dollar rose slightly, alleviating a decline for the fifth consecutive month. Major European stock indices opened mixed, and the yield on 10-year US Treasury bonds stabilized. Spot gold fell slightly.

Trump's tariff agenda faces legal challenges. According to Xinhua News Agency on the 29th, the US Court of Appeals has reinstated the tariff policy, providing breathing room for the Trump administration. White House officials stated that they plan to launch an unprecedented two-step strategy, known as the “Plan B”, to ensure that their tariff policy can continue to be implemented despite any legal obstacles. The market is concerned about the resurgence of "stagflation and tariffs," leading to a cooling of market risk appetite.

  • The S&P 500 index futures changed little. The Nasdaq 100 index futures fell by 0.1%.

  • Major European stock indices opened mixed. The Euro Stoxx 50 index opened down 0.02%. The German DAX index opened up 0.1%. The UK FTSE 100 index opened up 0.24%. The French CAC 40 index opened down 0.07%.

  • The Nikkei 225 index closed down 1.2%, at 37,965.1 points. The Tokyo Stock Exchange index closed down 0.4%. The Seoul Composite Index closed down 0.8%.

  • The US dollar spot index rose slightly by 0.21%, now at 99.54 points.

  • The euro fell 0.2% against the dollar to 1.1349 USD. The yen rose 0.3% against the dollar to 143.81.

  • The yield on 10-year US Treasury bonds changed little, at 4.41%.

  • The yield on 10-year Japanese government bonds fell by 2 basis points to 1.500%.

  • Spot gold fell 0.5% to 3,295.62 USD per ounce.

  • West Texas Intermediate crude oil fell 0.2% to 60.79 USD per barrel.

  • Most cryptocurrencies fell, with Bitcoin down over 2% and Ethereum down over 3%.

"No matter what happens, the market realizes we are facing a prolonged period of uncertainty," said Win Thin, global market strategist at Brown Brothers Harriman & Co.:

"Allowing tariffs to continue will increase the risk of stagflation, which is negative for both the dollar and the stock market."

Meanwhile, Trump told Federal Reserve Chairman Powell that he believes it is a mistake for the Fed chairman not to cut interest rates. Dallas Fed President Logan hinted that it may take some time for officials to adjust interest rates.

【15:33】

European stocks opened mixed, with the Euro Stoxx 50 index opening down 0.02%, German stocks opening up 0.1%, UK stocks opening up 0.24%, and French stocks opening down 0.07%.

The 10-year U.S. Treasury yield changed little, at 4.41%.

The U.S. Dollar Spot Index rose slightly by 0.21%, currently at 99.54 points.

Spot gold fell by 0.5% to $3,295.62 per ounce.

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