Market Overview - US stock market opened lower but rebounded, with the Dow Jones recovering most of its early losses. The Dow closed down 73.14 points (-0.15%) at 48,904.78, while the Nasdaq rose 80.65 points (+0.36%) to 22,748.86, and the S&P 500 gained 2.74 points (+0.04%) to 6,881.62 [1] - European markets saw significant declines, with Germany's DAX30 down 684.17 points (-2.70%) at 24,627.94, the UK FTSE 100 down 134.79 points (-1.24%) at 10,775.76, and France's CAC40 down 186.43 points (-2.17%) at 8,394.32 [1] Asian Market - The Nikkei 225 index fell by 1.35%, and the Bombay Stock Exchange index in India decreased by 1.29% [2] Cryptocurrency and Commodities - Bitcoin increased by over 5% to $69,223.53, and Ethereum rose by over 5.4% to $2,045.95 [3] - Crude oil prices surged, with light crude for April delivery up $4.21 (+6.28%) to $71.23 per barrel, and Brent crude for May delivery up $4.87 (+6.68%) to $77.74 per barrel [3] - The US dollar index rose by 0.79% to 98.382, with notable currency exchange rates including 1 Euro at 1.1707 USD and 1 GBP at 1.3422 USD [3] Metals - Spot gold increased by 0.8% to $5,322.44, while spot silver was reported at $89.308 [4] Economic Insights - Economists noted that US manufacturing expansion hit a six-month low in February, indicating a slowdown in overall economic growth. Concerns over customer orders and exports were highlighted, with minimal wage growth in factories [5] - The US Court of Appeals rejected a request from the Trump administration to delay tariff refunds, allowing the process to move forward. This decision could lead to a lengthy refund process for numerous companies [6] Geopolitical Impact - Former US Treasury Secretary Janet Yellen indicated that the ongoing conflict in Iran complicates the Federal Reserve's decision-making regarding interest rates, as it could impact inflation and economic growth [7][8] - Allianz Investment is reconsidering its stance on the US dollar, moving towards a neutral position due to the renewed demand for the dollar as a safe-haven asset amid geopolitical tensions [8] Company News - Nvidia-backed AI startup Reflection AI is seeking to raise at least $2 billion in a new funding round, with a valuation exceeding $20 billion, doubling from last October's valuation of $8 billion [10] - Amazon has closed its warehouses in Abu Dhabi and suspended delivery services in the region due to ongoing geopolitical tensions, affecting logistics for approximately 300,000 local third-party sellers [11] - Tesla's CEO Elon Musk's AI company xAI plans to repay $3 billion in debt ahead of schedule, with a significant portion of the debt being redeemed at a premium [12]