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. spot gold loss of about 9% and spot silver – Seen as a safe-haven hedge against U.S. volatility – plunged 31.4% Worst day since March 1980 – Both precious metals continued their losses over the weekend.

Cryptocurrencies also plummetedand Bitcoin As of 7:45 a.m. Singapore time (6:45 p.m. ET), it was trading around $77,250, its lowest level since April.

Elsewhere, policy and politics are evolving rapidly.

India announced its federal budget for fiscal year 2026 on Sunday. Finance Minister Nirmala Sitharaman said the government expected the fiscal deficit and debt-to-GDP ratio to fall and planned to Encourage manufacturing across multiple sectors. Separately, Trump said on Saturday India to buy Venezuelan oil According to Reuters, the product replaces some Russian crude oil.

Elections in Asia will be in the spotlight over the coming week. Thailand and Japan Opinion polls will be held on Sunday, with the results closely watched by markets and policymakers.

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.

AstraZeneca enters the US market. This comes days after the announcement Invest billions in China. The company wanted a close relationship with the United States, its largest market, but was attracted by China’s innovation-friendly environment.

Major U.S. stock indexes fell on Friday,and S&P 500 Index publish its Third consecutive day of losses But growth was still achieved in January. Gold, silver and Bitcoin plummet, while Stronger dollar. Pan-European Stoke 600 Add 0.64%.

(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 yesazon will be released after the market closes on Thursday. Fred Ebert, CNBC Break down what to expect.