當投資者等待特朗普對比特幣的決定時

美國總統唐納德·特朗普（Donald Trump）在社交媒體上宣布了他期望將五個數字資產包括在新的儲備中，包括比特幣，以太，XRP，索拉納和卡達諾。

Asian share markets made guarded gains on Monday as investors waited anxiously to see if imminent tariffs would go ahead, while bitcoin surged on news it would be included in a new US strategic reserve of cryptocurrencies.

週一，當投資者急切地等待著即將繼續關稅時，亞洲股票市場在周一獲得了保護的收益，而比特幣則飆升了新聞，它將被包括在美國新的加密貨幣戰略儲備中。

US President Donald Trump on social media announced five digital assets he expected to be part of the reserve, which he said was being created to "enrich our treasury and provide maximum economic and technological strength".

美國總統唐納德·特朗普（Donald Trump）在社交媒體上宣布了他期望成為該保護區的一部分的五個數字資產，他說正在創建這是“豐富我們的財政部並提供最大的經濟和技術實力”。

Bitcoin, the world's largest cryptocurrency by market value, shot up 10 per cent to $92,905, while ether, the second-largest cryptocurrency, pulled back to $2,443 after climbing 13 per cent over the weekend.

比特幣是全球最大的加密貨幣按市場價值劃分的，上漲了10％，至92,905美元，而第二大加密貨幣以太幣在周末上漲13％後，降至2,443美元。

MSCI's broadest index of Asia-Pacific shares outside Japan edged up 0.3 per cent, while Japan's Nikkei rose 1.0 per cent. Chinese blue chips added 0.8 per cent, helped by a pick-up in the manufacturing to 50.8 in February, from 50.1.

MSCI在日本以外的亞太地區最廣泛的指數佔0.3％，而日本的Nikkei則增長了1.0％。中國藍芯片增加了0.8％，在2月的製造業中提取到50.8，從50.1起。

S&P 500 futures and Nasdaq futures were both flat, having staged a late rally on Friday after a week of heavy losses.

標準普爾500年的期貨和納斯達剋期貨都很平坦，經過一周的慘重損失，週五舉行了一次末期集會。

50 futures firmed 0.3 per cent, while FTSE futures and DAX futures rose 0.6 per cent.

50個期貨穩定0.3％，而FTSE Futures和DAX期貨上漲了0.6％。

Investor concerns

投資者擔心

Investors seemed encouraged that European leaders agreed to draw up a Ukraine peace plan to take to the United States, following President Volodymyr Zelenskiy's clash with Trump in the Oval Office.

投資者似乎鼓勵歐洲領導人同意制定一項烏克蘭和平計劃，在沃羅迪米爾·澤倫斯基（Volodymyr Zelenskiy）與特朗普在橢圓形辦公室發生衝突之後，將其帶到美國。

However, worries about the health of the U.S. economy had also been fanned by a string of soft data that had seen the closely watched Atlanta Fed GDPNow tracker swing to an annualised -1.5 per cent, from +2.3 per cent, sparking talk of a possible recession.

但是，對美國經濟健康的擔憂也被一系列軟數據所煽動，這些數據已經看到了亞特蘭大的GDPNOW TRACKER SWIST的密切關注的GDPNOW TRACKER SWIST，達到了年度化的-1.5％，從+2.3％開始，引發了人們可能經濟衰退的話題。

Those fears were fanned on Sunday when U.S. Commerce Secretary Howard Lutnick said tariffs on Canada and Mexico will go into effect on Tuesday, but that Trump would determine whether to stick with the planned 25 per cent level.

當美國商務部長霍華德·盧特尼克（Howard Lutnick）表示，對加拿大和墨西哥的關稅將在周二生效，但特朗普將決定是否堅持計劃中的25％的水平，這些擔心會在周日煽動。

An extra 10 per cent levy on Chinese imports is also due to come into effect this week, just as the country's National People's Congress opens its third annual session on Wednesday where stimulus measures and possible reprisals against the U.S. could be announced.

在本週將對中國進口的進口稅也將額外徵收10％，就像該國全國人民大會在周三開幕的第三屆年度會議上，刺激措施和對美國的可能報復可能會宣布。

"As with other Trump tariff announcements so far, it’s hard to know if this is a bluff or a genuine turn in policy," said JPMorgan economist Michael Feroli.

摩根大通經濟學家邁克爾·費羅利（Michael Feroli）表示：“與迄今為止的其他特朗普關稅公告一樣，很難知道這是虛張聲勢還是真正的政策轉變。”

"However, if it were to be realised it would create a significant new headwind to economic activity, as well as an upside support to consumer prices."

“但是，如果要實現這一目標，它將給經濟活動帶來重大的新逆風，以及對消費者價格的上行支持。”

Payrolls loom

工資單織機

All of this raises the stakes for the January U.S. payrolls report due on Friday, where a weak outcome would fuel market bets the Federal Reserve might have to cut interest rates three times this year.

所有這些都提高了周五至1月的美國工資報告的股份，在這裡，薄弱的結果將為美聯儲今年可能要降低利率三倍。

Fed fund futures now imply 69 basis points of easing by December, compared with 46 basis points a week ago. Yields on 10-year Treasuries extended their rally with a drop to 4.220 per cent, leaving them down 35 basis points in February, the largest monthly decline since late 2023.

美聯儲基金的期貨現在意味著到12月的寬鬆基點，而一周前為46個基點。 10年紀念日的收益率將其集會延長，下降到4.220％，使他們在2月下降了35個基點，這是自2023年底以來每月最大的下降。

Fed Chair Jerome Powell is due to speak on the economic outlook on Friday, just a few hours after the jobs report, and at least seven other officials will appear this week.

美聯儲主席杰羅姆·鮑威爾（Jerome Powell）將於週五（Jobs Report）僅幾個小時就會在周五的經濟前景上發表講話，本週將至少有七名官員出現。

Across the Atlantic, the European Central Bank is widely expected to cut its rates by 25 basis points to 2.50 per cent on Thursday following a run of weak data, and a move towards 2 per cent is expected by year-end.

在整個大西洋地區，歐洲中央銀行被預計將在數據薄弱後的周四將其比率下降25％，至2.50％，並且預計年底將朝著2％的轉移。

In currency markets, the euro edged up 0.5 per cent to $1.0421 EUR=EBS on hopes for progress in a Russian-Ukrainian peace deal, having been as low as $1.0360 on Friday.

在貨幣市場上，歐元上漲了0.5％，至1.0421歐元= EBS，希望在俄羅斯 - 烏克蘭和平協議中取得進展，週五低至1.0360美元。

The dollar eased back to 1.4445 Canadian dollars, after rising 1.7 per cent last week, and dipped to 20.4586 Mexican pesos.

上週上漲1.7％後，美元恢復到1.4445美元，並降至20.4586墨西哥比索。

It edged lower on the Japanese yen to 150.32 yen, while the dollar index was down slightly at 107.180.

它的日元較低至150.32日元，而美元指數略有下跌，為107.180。

Gold prices firmed 0.5 per cent to $2,873 an ounce, having dropped around 3 per cent last week.

上週的黃金價格上漲了0.5％，至每盎司2,873美元，上週下降了約3％。

Oil bounced a little, having slid last week amid speculation the U.S. could ease sanctions on Russian output, while the risk of a global trade war could hit demand for energy.

上週，石油彈跳了一點，由於猜測美國可以減輕對俄羅斯產出的製裁，而全球貿易戰的風險可能會觸發對能源的需求。

Brent futures rose 76 cents to $73.57 a barrel, while U.S. crude futures added 74 cents to $70.50 per barrel.

布倫特期貨上漲了76美分，每桶73.57美元，而美國原油期貨則增加了74美分至每桶70.50美元。