6 PM After-Hours Flash: Mexico’s economy contracts in first quarter | U.S. issues new sanctions against Cuban military, government regime | Trad

Bitcoin is trading at 79,779, down 2.2 percent over the past 24 hours and sitting within 2 percent of the 80,000 level as traders weigh fresh geopolitical risk. In the Asian market, Mexico's economy contracted at a 3.2 percent annualized pace in the first quarter according to official preliminary estimates, adding to caution across emerging markets and regional currencies. In the European market, the US issued new sanctions targeting Cuba's military and government to cut off access to illicit assets while a US trade court rejected President Trump's proposed 10 percent global tariffs, calling them unjustified under 1970s trade law. On the oil front, Iran accused the United States of violating the ceasefire by targeting its oil tankers in the Gulf of Oman and vowed a crushing response, keeping a risk premium in crude. Fed Governor Collins said she agreed with last week's FOMC dissenters over the wording in the post-meeting statement that suggested rate cuts would resume. SPX closed the US session at 7,337 while the VIX sits at 17.08. Russell's Morning Outlook is right around the corner — stay with VixShield. I am your VixShield news reporter.