American Bitcoin is born + Gold price hits another record + IPO at Newsmax Inc. with share price increase of over 500%

American Bitcoin is born $HUT (+2.4%)

• Bitcoin miner Hut 8 merges with Trump sons' company.
• Hut 8, one of the world's largest Bitcoin miners, joins American Data Centers. The Trump sons' company receives the mining business in return.
• https://www.btc-echo.de/schlagzeilen/bitcoin-miner-hut-8-fusioniert-mit-unternehmen-der-trump-soehne-204694/

Gold price climbs to another record

• Fueled by concerns about the consequences of the aggressive US tariff policy, gold continued its record rally on Tuesday.
• The price of a troy ounce (approx. 31.1 grams) rose by almost 0.8 percent to almost 3,148 US dollars in early trading on the London Stock Exchange.
• On Monday, the price of gold had climbed above the 3,100 dollar mark for the first time.
• This means that gold has already risen in price by a fifth this year, after the price of the precious metal had already risen by almost half in the previous three years.
• In addition to the uncertainty caused by wars and conflicts, one of the price drivers is US customs policy.
• Trump recently threatened that no country would be spared from the planned tariffs imposed by the United States.
• "They would start with all countries," he said during a flight on the presidential plane Air Force One.
• In addition to the US tariff policy, the record hunt for gold is also explained by geopolitical risks.
• According to the report, the latest efforts to achieve a ceasefire in the Ukraine war have shown little progress.
• In addition, the situation in the Middle East came to a head again after the Israeli military expanded its ground attacks in the Gaza Strip.

Conservative news portal Newsmax Inc. $NMAX
records a share price increase of over 500 % on its debut

• Shares in Newsmax , the newly listed conservative news outlet, soared on its first day of trading.
• The company, which recently announced the completion of an initial public offering under Regulation A+ for small-cap companies, saw its stock price soar $51 per share in early trading, or 510%.
• The Class B common stock was priced at $10 per share.
• The enthusiasm for the stock could be an indicator of the success of conservative media, while the Trump administration is imposing a number of onerous conditions on the mainstream mediat.
• Current FCC Commissioner Brendan Carr called for investigations into both Disney and Paramount Global's CBS, and the Trump White House is seeking to take control of the organization of news coverage.

Tuesday: Stock market dates, economic data, quarterly figures

• ex-dividend of individual stocks
• Air Products & Chemicals USD 1.79

• Quarterly figures / company dates Europe
• 09:30 Clariant AGM
• 13:00 Bayer Pharma Media Day
• 15:00 Uzin Utz online conference on business development 2024
• 16:00 Intershop AGM
• 17:45 Continental Pre-Close Call 1Q

• Economic data

01:50 JP: BoJ, Tankan report with diffusion index on economic sentiment 1Q PROGNOSIS: 12 previous: 14

03:45 CN: Purchasing Managers' Index/PMI manufacturing Caixin/S&P Global March FORECAST: n/a previous: 50.8

05:30 AU: Reserve Bank of Australia (RBA), Monetary Policy Council Results FORECAST: n/a previously: 4.10%

09:45 IT: Purchasing Managers' Index/PMI Manufacturing March PROGNOSE: 48.0 previous: 47.4

09:50 FR: Purchasing Managers' Index/PMI Manufacturing (2nd release) March FORECAST: 48.9 1st release: 48.9 PREV: 45.8

09:55 DE: Purchasing Managers' Index/PMI Manufacturing (2nd release) March FORECAST: 48.3 1st release: 48.3 previous: 46.5

10:00 EU: Purchasing Managers' Index/PMI manufacturing Eurozone (2nd release) March FORECAST: 48.7 1st release: 48.7 PREV: 47.6

10:30 UK: Purchasing Managers' Index/PMI Manufacturing (2nd release) March FORECAST: 44.6 1st release: 44.6 Previous: 46.9

11:00 EU: Eurozone February Labor Market Data Unemployment Rate FORECAST: 6.2% PREVIOUS: 6.2%

11:00 EU: Eurozone Consumer Prices (flash estimate) March Eurozone PROGNOSE: +0.6% yoy/+2.2% yoy previous: +0.4% yoy/+2.3% yoy Core rate PROGNOSE: +1.0% yoy/+2.5% yoy previous: +0.5% yoy/+2.6% yoy

14:30 DE: ECB President Lagarde, opening of the ECB conference "The transformative power of AI: economic implications and challenges" (18:30 Dinner speech by Chief Economist Lane)

15:45 US: Purchasing Managers' Index/PMI manufacturing (2nd release) March FORECAST: 49.8 1st release: 49.8 previous: 52.7

16:00 US: Construction Spending February FORECAST: +0.3% yoy previous: -0.2% yoy

16:00 US: ISM Manufacturing Index March FORECAST: 49.5 points previous: 50.3 points