Market Information Tuesday 4 March 2025

The S&P 500 fell 1.76% on Monday, extending February’s losses and turning negative for the year, as President Trump confirmed upcoming tariffs. The Dow Jones dropped 1.48%, and the Nasdaq declined 2.64%, with Nvidia leading the losses. The market downturn deepened after Trump reaffirmed 25% tariffs on imports from Mexico and Canada, and a 10% duty on China. These tariff concerns overshadowed any positive market sentiment.

South Korean defense stocks surged on Tuesday, led by Hanwha Aerospace (up 16.67%) and Hyundai Rotem (up 11.51%), as the Russia-Ukraine war drove global security concerns. The rise follows increased military orders and expectations of higher defense spending, particularly in Europe. Analysts predict European defense spending could grow to 3.1% of GDP by 2029.

Bitcoin’s rally faded on Monday as traders focused on concerns about the economic impact of proposed tariffs. Bitcoin dropped 8% to $86,000, and Ether fell 15% to $2,100. Stocks related to cryptocurrencies, like Coinbase and Robinhood, also reversed gains. Despite initial excitement about a U.S. strategic crypto reserve, analysts believe the impact was short-lived, and market concerns remain.

The 6M Euribor decreased with 3 basis points to 2.36% compared to previous business day. The 10Y Swap increased with 6 basis points to 2.40% compared to previous business day.

In the attachment, today’s market data on money and capital market rates as well as other rates are presented.