Bitcoin Hits $90,000, Tesla Lifts Nasdaq Futures – Europe Market Wrap

US stock futures moved higher as investors awaited new information on growth and interest rate policy. Gold increased, and Bitcoin surpassed the $90,000 milestone.

S&P 500 contracts rose slightly before the outset, while Nasdaq 100 futures rose 0.4% as Tesla shares soared in premarket trade on anticipation Trump’s administration could relax self-driving car regulations. Gold surged more than 1% after Goldman Sachs analysts projected the precious metal would set a new record by the end of next year. Bitcoin recovered from its largest two-day drop since the US election.

This week’s focus is on Trump’s selection for Treasury secretary, as well as Nvidia earnings on Wednesday, which will put the sustainability of AI-led stock gains to the test. While the S&P 500 has given up more than half of its surge since Trump’s presidential victory, analysts predict gains will resume in the long run.

In Europe, the Stoxx 600 fell 0.2% on persistent concerns about potential US tariffs under the new government and China’s weakening. The Eurozone and UK inflation data, which are anticipated on Tuesday and Wednesday, respectively, will assist markets judge the prospects for BoE and ECB policies. A number of officials from the respective universities are also scheduled to speak.

Oil has recovered, with Brent oil trading near $72 per barrel.