Sentiment fragile as German politics hits European equities – Scotiabank

By: bitcoin ethereum news|2025/05/06 23:45:01

Markets are generally quiet and G10 currencies are trading in a mixed fashion against the US Dollar (USD), with no clear overriding theme or risk tone as we head into Tuesday’s NA session, Scotiabank’s Chief FX Strategist Shaun Osborne notes. USD is mixed vs. G10 currencies “JPY, GBP, and SEK are outperforming with modest gains, while CHF and AUD are weak and MXN is down marginally. CAD, EUR, NOK and NZD are all trading flat vs. the USD. In Asia, markets have returned from week long holidays to relief over the stabilization in the TWD following a spectacular 13% rally from early April. The rally had generated some anxiety about the implications for other currencies in the region, most notably CNY/CNH and the risks around China’s response. The PBoC has chosen to keep its CNY (onshore) reference rate steady and appears to be pushing back on recent CNH (offshore) strength.” “In Germany, incoming Chancellor Merz was unable to secure a parliamentary vote for his confirmation, casting a pall on the German DAX and European equity markets more broadly. The broader tone appears tentative, as US equity futures gently extent their pullback from recent highs. Asian indices were generally green in their post-holiday trade but the news out of Germany appears to have taken hold of the market narrative. In government bond markets, US 10Y yields are quietly consolidating around 4.35% while the German 10Y does much of the same above 2.50%. In commodities, the price of oil is recovering and WTI is climbing back toward $60/bbl after a short-lived dip to the mid-$50s.” “Technically, the candle charts show that WTI ‘hammered’ a low on Monday with a ‘hammer doji’ formation, typically seen as a bullish reversal candle. The price of copper continues to trade quietly at the midpoint of its recent violent range while gold is finding impressive renewed strength, likely buoyed by the uncertainty out of Germany as well as China’s pushback against CNH (and broader Asian currency) strength. For Tuesday’s NA session, the focus will be on the scheduled meeting between President Trump and PM Carney. The US data calendar is limited to trade for March (ahead of the US tariff announcement in early April). The Fed begins its two day meeting ahead of Wednesday’s policy decision, a widely anticipated hold.” Source: https://www.fxstreet.com/news/usd-sentiment-fragile-as-german-politics-hits-european-equities-scotiabank-202505061158

On March 4, 2026, DDC Enterprise Limited (NYSE American: DDC) today announced preliminary, unaudited full-year financial performance for the year ended December 31, 2025. The company expects to achieve record revenue and record positive adjusted EBITDA, primarily driven by continued growth in its core consumer food business and overall margin improvement. The final audited financial report is expected to be released in mid-April 2026.

2025 Full-Year Financial Highlights

Revenue: Expected to be between $39 million and $41 million, reaching a new company high.

Organic Growth: Excluding the impact of the company's strategic contraction of its U.S. operations, core revenue is expected to grow 11% to 17% year over year.

Gross Profit Margin: Expected to be between 28% and 30%, reflecting continued operational efficiency improvements.

Adjusted EBITDA: The company expects to achieve a positive full-year result in 2025, a significant improvement from a $3.5 million loss in 2024, mainly due to rigorous cost controls and a higher-margin sales mix.

Core Consumer Food Business Performance

In 2025, DDC's core consumer food business maintained strong operational performance.

The company also disclosed Core Consumer Food Business Adjusted EBITDA, a metric that further excludes costs related to its Bitcoin reserve strategy and non-cash fair value adjustments related to its Bitcoin holdings from adjusted EBITDA to more accurately reflect the core business performance.

In 2025, Core Consumer Food Business Adjusted EBITDA is expected to be between $5.5 million and $6 million.

Bitcoin Reserve Update

In the first half of 2025, DDC initiated a long-term Bitcoin accumulation strategy, holding Bitcoin as its primary reserve asset.

As of December 31, 2025: The company holds 1,183 BTC.

As of February 28, 2026: Holdings increased to 2,118 BTC

Today's additional purchase of 65 BTC brings the company's total holdings to 2,183 BTC

DDC Founder, Chairman, and CEO Norma Chu stated, "We are proud to have closed 2025 with record revenue and positive adjusted EBITDA, demonstrating the steady growth of the company's consumer food business and the ongoing improvement in profitability. We are building a disciplined, growth-oriented food platform and strategically allocating capital to Bitcoin assets with a long-term view, aligning with our core beliefs. We believe that this dual-track model of 'Steady Consumer Business + Strategic Bitcoin Reserve' will help DDC create lasting long-term value for shareholders."

Adjusted EBITDA Definition
For the full year 2025, the company defines "Adjusted EBITDA" (a non-GAAP financial measure) as: Net income / (loss) excluding the following items:· Interest expense· Taxes· Foreign exchange gains/losses· Long-lived asset impairment· Depreciation and amortization· Non-cash fair value changes related to financial instruments (including Bitcoin holdings)· Stock-based compensation

About DDC Enterprise Limited

DDC Enterprise Limited (NYSE: DDC) is actively implementing its corporate Bitcoin Treasury strategy while continuing to strengthen its position as a leading global Asian food platform.

The company has established Bitcoin as a core reserve asset and is executing a prudent, long-oriented accumulation strategy. While expanding its portfolio of food brands, DDC is gradually becoming one of the public company pioneers in integrating Bitcoin into its corporate financial architecture.

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DDC Enterprise Limited Announces 2025 Unaudited Preliminary Financial Performance: Record Revenue Achieved, Bitcoin Treasury Grows to 2183 Coins