Financial news May 9: Bitcoin tops $103,000, gold dips, oil rises 3%, and global markets await the Fed. Stay updated with LiveTrade Pro.
1. Geopolitics Heat Up: US–UK Deal, Iran–India Tensions Rise
US–UK Sign Major Trade Agreement
The US and UK finalized a comprehensive trade deal, slashing tariffs on key goods.
Market impact:
Wall Street rallied on hopes for stronger trade flows.
London markets reacted cautiously, fearing US imports may undercut domestic producers.
Trump Invites China to Mediate in Ukraine Conflict
US President Donald Trump invited China to serve as a mediator in the Russia–Ukraine war. While Beijing has yet to respond, the proposal signals a new diplomatic direction.
Iran Warns of “Unleashing Hell” If Attacked
Iran’s Defense Ministry warned of “unprecedented retaliation” if the US or Israel targets its strategic military sites. Tensions have escalated following Iran’s new missile tests.
India–Pakistan Clash at Kashmir Border
India confirmed it had destroyed a Pakistani air defense system near Kashmir, marking the most serious military escalation between the two countries in 2025.
2. For the First Time in History: An American Pope
Cardinal John Matthew was elected as Pope Leo XIV, becoming the first-ever American leader of the Catholic Church.
He pledged to uphold tradition while embracing necessary reforms for a globalized, modern era.
3. Markets Overview: Gold Eases, Bitcoin Rallies, Oil Rebounds
Gold Slips After US–UK Deal
Global gold price: $3,314.97/oz
Vietnam SJC gold: VND 118.5–120.5 million/tael
→ Investors scaled back safe-haven positions amid renewed trade optimism.
Bitcoin Breaks Past $103,000
Bitcoin surged over 5% day-on-day to $103,000/BTC.
Driving forces: Increased institutional flows, ETF accumulation, and bullish sentiment from equity markets.
Oil Prices Jump Nearly 3%
Brent crude: $63.06/barrel
Traders bet on renewed US–China trade talks boosting energy demand.
Currency Volatility Increases
USD/VND rose as Vietnam’s central bank lifted the reference rate.
CNY also gained post-holiday, reflecting rising foreign exchange demand.
4. Stock Market Outlook: Eyes on the Fed
S&P 500 and Dow Jones edged down after a 5-day rally.
Investors are awaiting the Federal Reserve’s next interest rate decision.
Energy stocks rose in tandem with oil prices, while tech shares pulled back due to earnings pressure.
5. Vietnam: Rising FX Rates, Trade Tariff Concerns
Reference exchange rate climbed by 20 VND — the biggest daily increase since the holiday.
Vietnamese exporters are bracing for potential new US tariffs, adjusting supply chains and shifting markets toward ASEAN.
The government is pushing decentralization in infrastructure planning, empowering local investment opportunities.
Summary & Investment Outlook
| Asset | Trend | Outlook |
|---|---|---|
| Gold | Slightly down | Neutral – wait for Fed signals |
| Bitcoin | Up >5% | Bullish – capital inflows rising |
| Brent Oil | Up nearly 3% | Rebounding – trade optimism |
| Equities | Slight correction | Cautious – eyes on the Fed |
| USD/VND | Rising | Exporters should stay alert |
Closely monitor developments from the Fed, China, and US trade policy.
Focus on low-leverage defensive setups in volatile conditions.
Consider short-term opportunities in Bitcoin and energy stocks as momentum builds.
Stay ahead of the market with LiveTrade Pro – your trusted source for fast, accurate, and strategic financial news. Check our Market News section daily to catch new investment opportunities before anyone else.
Invest anytime, anywhere on any type of asset with the most stable and reliable pricing in the industry
