TradingKey - Against a backdrop of intertwined geopolitical risks and macroeconomic uncertainty, global market sentiment has repeatedly diverged. In Friday pre-market trading ET, the three major U.S. index futures continued to trend lower, signaling that risk assets are under pressure. Bitcoin, which saw an optimistic trend in March, moved lower in tandem, at one point falling below the 68,000 mark.
As of now, Nasdaq 100 Futures have extended their decline to 0.20%, S&P 500 Futures are down 0.11%, and Dow Jones Futures have fallen 0.18%. The tech-heavy Nasdaq futures led the declines, reflecting more pronounced pressure on the growth sector amid shifting interest rate expectations and risk sentiment.
Amid ongoing conflicts this week, Bitcoin reversed its strong momentum from February and early March and continued to face downward pressure, having briefly broken below the $68,000 level.
Meanwhile, the commodities market extended its strong performance. Brent Crude Oil broke above $104 per barrel, gaining more than 2% intraday, showing that supply-side uncertainties continue to drive up risk premiums. Rising oil prices are generally viewed as a signal of geopolitical tension or supply disruptions, further fueling market concerns about rebounding inflation.
Market analysts believe the market is currently in a phase of the "seesaw effect between risk assets and energy prices," reflecting the reallocation of capital in an uncertain environment. Overall, until macro and geopolitical factors become clearer, the market may maintain a high-volatility regime, and the divergence in asset price trends will persist.
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