Global sentiment leaned positive as a court’s tariff rollback gave futures a lift. Crypto markets steadied after recent turmoil, and Indonesia’s unrest reminded markets how quickly politics can sway investor confidence.

A U.S. appeals court struck down much of the Trump-era tariffs regime, offering traders cautious optimism, though markets know similar duties could return through alternate channels. Tech names, especially those with China exposure, pulled back (hinting at renewed wariness), even as financials and energy gained ground on the shift.

Crypto markets stabilized after recent turbulence, with Bitcoin edging higher and Ethereum broadly steady. Liquidations slowed, and net flows suggest calmer hands at work. Institutional rotation continued, Ethereum funds saw billions in inflows even as Bitcoin ETFs gave back some ground, pointing to strategic shift, not panic.

Political unrest in Indonesia escalated, with protesters looting the finance minister’s home amid outcry over MP perks and inequality. The president vowed a crackdown. Risk-averse investors are tracking the fallout, especially given emerging markets’ sensitivity to political shocks.

Today was a tale of balance: trade optimism pushing markets upward, crypto regaining composure, and geopolitical instability reminding us that calm can evaporate fast. As we head into a packed week, with jobs data, earnings, and Fed signals on deck, staying nimble and informed remains key.