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(Bloomberg) -- Investors sold European bonds and bought defense stocks on speculation a meeting in Paris between the bloc’s leaders will point toward higher spending on the continent’s security. Most Read from BloombergWhy Barcelona Bought the Building That Symbolizes Its Housing CrisisProgressive Portland Plots a ComebackPor qué Barcelona compró el edificio que simboliza su crisis inmobiliariaA Filmmaker’s Surreal Journey Into His Own Private WinnipegHow to Build a Neurodiverse CityThe German 1

(Bloomberg) -- Federal Reserve Bank of Philadelphia President Patrick Harker said monetary policy is well positioned as officials wait for more progress on inflation.Most Read from BloombergWhy Barcelona Bought the Building That Symbolizes Its Housing CrisisProgressive Portland Plots a ComebackPor qué Barcelona compró el edificio que simboliza su crisis inmobiliariaA Filmmaker’s Surreal Journey Into His Own Private WinnipegHow to Build a Neurodiverse CityHarker said policy “remains restrictive”

President Donald Trump has significantly influenced the cryptocurrency industry in recent months, as he has positioned himself as a pro-crypto advocate. His stance has sparked increased market activity, with several cryptocurrencies experiencing notable movements this year and poised for further gains in the coming months.

The investment enables participation in Kinto’s mining program, which rewards asset deposits on the chain with token emission.

Donald Trump has leaned into his unofficial role as the “ crypto president ” in ways that can both help the crypto industry and enrich himself and his family. Once a skeptic of cryptocurrencies, Trump has made a complete reversal and embraced digital currencies in a way no other elected official has done. The cryptocurrency industry, which spent heavily to help Trump win last year’s election, has expressed mixed feelings about some of his crypto ventures.

When the Trump administration’s crypto czar, David Sacks, recently held a news conference to announce a new congressional working group to advance cryptocurrency regulation, many digital asset enthusiasts were unimpressed and underwhelmed. “There were a lot of people on X who felt like this wasn’t, you know, a mind-blowing announcement,” Sacks said on a podcast a few days later, referring to the social media outlet formerly known as Twitter. “Time is critical,” Ji Hun Kim, president and acting CEO at the Crypto Council for Innovation said at a recent House committee hearing titled: “A Golden Age of Digital Assets: Charting a Path Forward.”

Bitcoin's lackluster price action may receive a jolt from this week's macroeconomic calendar.

Personal health and wellness is one of the many secular tailwinds for healthcare companies. But speed bumps have persisted in the wake of COVID-19 as players destocked inventories in 2023 and 2024. This has weighed on the returns lately as the industry has pulled back by 1.7% over the past six months, a noticeable divergence from the S&P 500’s 9% return.

Semiconductors are the silicon backbone of the digital revolution. Demand for chips is variable though, meaning that corporate inventory levels and sentiment can significantly impact the industry. Uncertainty surrounding these factors has hurt semiconductor stocks over the past six months as they have pulled back by 7.5%. This drawdown is a far cry from the S&P 500’s 9% ascent.

Most consumer discretionary businesses succeed or fail based on the broader economy. Lately, it seems like demand trends have worked in their favor as the industry has returned 15.5% over the past six months, outpacing S&P 500 by 6.6 percentage points.