Market-Moving News :
🇺🇸 U.S. Tariff Pause and Increased Tariffs on China: President Donald Trump announced a 90-day pause on tariffs for most trading partners but increased tariffs on Chinese imports to 125%. This move led to a surge in global stock markets, with the S&P 500 rising by 9.5% and the Dow Jones by 7.9%.
🇨🇳 China’s Retaliatory Tariffs: In response, China imposed additional tariffs of 84% on U.S. goods, escalating trade tensions and impacting global markets.
Key Data Releases
Thursday, April 10:
Consumer Price Index (CPI) (8:30 AM ET):
Forecast: 0.1%
Previous: 0.2%
Measures the average change over time in the prices paid by consumers for goods and services, indicating inflation trends.
Initial Jobless Claims (8:30 AM ET):
Forecast: 219,000
Previous: 225,000
Reports the number of individuals filing for unemployment benefits for the first time, reflecting labor market conditions.
️ Fed Governor Michelle Bowman Testifies to Senate (10:00 AM ET):
Provides insights into the Federal Reserve’s perspective on economic conditions and monetary policy.
️ Disclaimer: This information is for educational and informational purposes only and should not be construed as financial advice. Always consult a licensed financial advisor before making investment decisions.
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