Key Takeaways
- China’s Victory Day parade showcased military might, sparking sharp tensions with the U.S.
- Bond markets steadied after recent turmoil, though Japan’s 30-year yield hit fresh highs and Europe faced renewed fiscal pressure.
- U.S. job openings fell to a 10-month low, fueling expectations that the Fed will cut rates this month, while gold surged past $3,570.
- Bitcoin held above $112K with modest gains, while safe-haven demand lifted gold and silver to multi-year highs.
Geopolitics & Market Sentiment
On September 4, 2025 markets showed resilience as investors weighed rising geopolitical tension triggered by Beijing’s sweeping display of military power against softer U.S. labor data that reinforced expectations of a Federal Reserve rate cut.
On the diplomatic front, China hosted one of its most significant Victory Day parades in decades, featuring a wide array of advanced weaponry before a crowd that included Russian President Vladimir Putin and North Korean leader Kim Jong Un.
The display included nuclear-capable weapons launched from land, sea, and air, along with hypersonic missiles like the DF-61 and the DF-5C intercontinental ballistic missile. The parade also showcased anti-ship glide vehicles, autonomous unmanned systems, such as submarine drones and robotic units, and a newly developed main battle tank.
The U.S. response to the parade was led by President Donald Trump, who described the event as a “beautiful ceremony” and “very, very impressive,” but criticized China for not explicitly acknowledging America’s role in defeating Japan during World War Two.
Speaking from the Oval Office, Trump said, “I thought that the United States should have been mentioned last night during that speech, because we helped China very, very much.”
However, in a post on Truth Social, he wrote: “Please give my warmest regards to Vladimir Putin, and Kim Jong Un, as you conspire against the United States of America.”
On the economic front, calm returned to global bond markets after a heavy selloff earlier in the week, though Japan’s 30-year yield pushed above 3%.
In Britain, fiscal credibility remained in focus after Prime Minister Keir Starmer reshuffled his team, while France’s government braced for a confidence vote tied to its debt plan.
In the U.S., the Labor Department reported that job openings fell by 176,000 in July to a 10-month low of 7.18 million, marking the first time since 2021 that unemployed workers outnumbered vacancies.
In response to these developments, gold extended its record rally past $3,570 an ounce as investors sought protection from fiscal and geopolitical uncertainty, while silver surged to its highest level since 2011.
In energy, Russia confirmed a 6% reduction in oil exports from western ports this month, citing higher refinery demand and infrastructure risks from drone strikes.
In Crypto, Bitcoin traded near $112,000 with modest gains, Ethereum advanced more than 3% to $4,460, Solana slipped slightly below $209, and Bitcoin’s market dominance eased as altcoins captured selective investor flows.
Price movements
Global Indices
- S&P 500 Index (SPX): 6,448.27 (+0.51%)
- Dow Jones Industrial Average (DJI): 45,271.23 (-0.05%)
- Nasdaq Composite Index (IXIC): 21,497.73 (+1.02%)
- Nikkei 225 Futures (NK2251-D): 42,110.0 (+0.24%)
- Euronext 100 Index (N100-D): 1,583.27 (+0.51%)
- FTSE 100 (FTSE): 9,181.7 (+0.13%)
Cryptocurrencies
- Bitcoin (BTCUSD): 111,930 (+0.62%)
- Ethereum (ETHUSDT): 4,460.43 (+3.10%)
- Binance Coin (BNBUSDT): 854.93 (+0.37%)
- Solana (SOLUSDT): 208.58 (-0.51%)
- BTC Dominance (BTC.D): 58.40% (-0.29%)
Major Stocks
- Nvidia (NVDA): 170.2 (-0.09%)
- Tesla (TSLA): 334.09 (+1.44%)
- Microsoft (MSFT): 505.35 (+0.05%)
- Meta Platforms (META): 737.05 (+0.26%)
- Apple (AAPL): 229.72 (+3.04%)
- Amazon (AMZN): 225.34 (+0.60%)
Commodities
- Silver (XAGUSD): 40.906 (+3.06%)
- Gold (XAUUSD): 3,557.385 (+2.57%)
- WTI Crude (USOIL): 65.55 (+2.42%)
- Brent Crude (BRENT): 68.166 (-3.68%)
Forex
- U.S. Dollar Index (DXY): 97.329 (-0.65%)
- EUR/USD: 1.1658 (-0.02%)
- GBP/USD: 1.3439 (-0.03%)
- USD/JPY: 148.06 (+0.03%)
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