The market got what they wanted.

Investors breathed a sigh of relief after U.S. President Donald Trump appointed Kevin Warsh to lead the Federal Reserve. Markets were reassured by Warsh’s experience at the central bank (he served from 2006 to 2011, a period marked by the global financial crisis) and the perception that he would not always bend to Trump’s will.

Richard Saperstein, chief investment officer at Treasury Partners, said: “The nomination of Kevin Warsh as Fed chairman is exactly what the market has been waiting for because he is a steady person, has a good reputation in market circles and is expected to maintain the independence of the central bank, which is critical to the market.”

this Dollar That news was reinforced after Trump’s announcement, which suggested the market recognized Warsh’s credibility and autonomy.

However, risk assets fell. Major U.S. stock indexes ended lower on Friday amid weakness in technology stocks.

Commodities are facing a severe sell-off. spot gold and spot silver Assets seen as a hedge against U.S. volatility plunged nearly 9% and 31.4% respectively on Friday, with the latter hitting Worst day since March 1980. two precious metals Fall continues on Monday During the Asian session, gold was down about 8% and silver was down about 10.5% as of 2:30 p.m. in Singapore (1:30 a.m. ET).

Cryptocurrencies also plummetedand Bitcoin trading around 75,103, falling below $80,000 for the first time since April.

The impact on Asian markets is equally severe. Korean Cospi The drop exceeded 5%, triggering a temporary suspension of trading. According to official instructions. Hong Kong Hang Seng Index Japan fell nearly 3% Nikkei 225 Index Shedding is about 1%.

Oil prices also fell, with global benchmark Brent crude down 5.3% and U.S. crude down 5.5%. However, their price movements are more a result of what Trump told reporters on Saturday was happening in Iran. “Serious dialogue” with the United States., calm Concerns about oil supply shock.

In the coming week, technology giants Alphabet and Amazon will release earnings reports on Wednesday and Thursday respectively, giving investors some hope that strong reports may reverse the market’s risk aversion.

Kevin Wash explains. While serving at the Fed from 2006 to 2011, Warsh played an important role in the design and implementation of programs to stabilize credit markets. However, Wash, as a Fed critics.

‘Confident’ government shutdown will end on Tuesday, U.S. House Speaker Mike Johnson said on Sunday. He added that he believed he has votes end part government shutdown to Tuesday.

China factory activity grows at fastest pace since October. Seasonally adjusted RatingDog China General Manufacturing PMI compiled by S&P Global, rose to 50.3 in January As expected, this was down from 50.1 last month. That marked the highest level since October, when private surveys When I came in it was 50.6.

Asia-Pacific markets fell on Monday. South Korean stock market plummetstriggering a trading halt, while other regional indexes also plummeted. Major U.S. stock indexes fell on Friday S&P 500 Index publish its Third consecutive day of losses But growth was still achieved in January.

(PRO) Watch Alphabet and Amazon’s earnings. In a busy earnings week, Google’s parent company will report results after the bell on Wednesday, and Amazon’s It was released after the market closed Thursday. Fred Ebert, CNBC Break down what to expect.

Why the catastrophe bond market is so hot right now

Catastrophe Bond Issuance surged to $25.6 billion By 2025, this figure will be 45% higher than the record of nearly $17.7 billion set in 2024, according to specialist data provider Artemis.bm. CAT bonds were first created in the 1990s as a financial instrument designed to raise funds for insurance companies in the event of a natural disaster such as a hurricane or earthquake.

The emergence of this asset class as an increasingly mainstream financial instrument comes at a time climate crisis Leading to an increase in the frequency and intensity of extreme weather events.

— Sam Meredith