👋 Hello traders, welcome! We’re excited to share today’s financial market news with you. Today is Tuesday, April 30, 2024, and we’re ready to explore the latest developments in the global financial market:

Crypto, stock, China, France, and Japanese market news:

🌟 The People’s Bank of China has upped its gold reserves by 160,000 ounces, reaching a total of 2,262 tons. This is part of its strategy to ease off from U.S. Treasuries amid global tensions.

📉 Bitcoin and Ethereum are on the decline as fears of stagflation grip the market. The crypto scene is wavering between possible U.S. Treasury actions to boost liquidity and ongoing economic slowdown.

🛢️ Oil prices have stabilized, reaching about $88 after a 1.2% drop. This follows progress in Middle East peace talks.

📈 Japanese markets are upbeat, with the Nikkei 225 up 1.2%. This rise follows strong corporate earnings after market reopening.

✈️ Lufthansa is optimistic about recovering from recent strike losses and is expecting a strong summer, highlighted by a 16% increase in bookings from last year. Its shares have risen by 0.69%.

🖥️ Microsoft’s CEO has unveiled a $1.7 billion plan to boost cloud and AI development in Indonesia, including building new data centers. However, Microsoft shares have dropped by 1.00%.

🚗 Elon Musk is making significant cuts to Tesla’s senior management and laying off more staff amidst slow sales and prior layoff challenges, sending Tesla shares soaring by 15.31%.

🇫🇷 France’s economy grew by 0.2% in the first quarter, slightly ahead of forecasts and continuing its steady growth from the last quarter.