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Stocks surge in relief rally after Trump pauses tariffs – Apr 10 2025

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What could move markets today

  • China PPI and CPI inflation (March)
  • U.S. CPI inflation (March)
  • U.S. 30-year Treasury bond auction
  • Seven Fed officials scheduled to speak at various events and locations
Index Last Change % Change
trading higher

40,608.45 +2962.86 7.87%Positive
trading higher

17,124.97 +1857.06 12.16%Positive
trading higher

5,456.90 +474.13 9.52%Positive
Index Last Change % Change
trading higher

34,220.60 +2506.57 7.90%Positive
trading higher

20,754.34 +489.85 2.42%

Source: LSEG, opens new tab – data delayed by at least 15 minutes

Fixed Income

A steep selloff in bonds this week easing on Thursday.
US 10-year Treasury yield last at 4.3160%, after a high of 4.5150% in the previous session

Equities

The news of a tarrif pause brought relief to the market. S&P 500 ended 9.5% higher, Nasdaq rose 12.2% in its second-biggest on record. But investors said uncertainty about the longer-term plan for tariffs persisted.

Nikkei (.N225), opens new tab surged 8%, while European futures shot up.

Forex

DXY rose 0.25% to 103.03, strengthened against JPY by 1.04% and against CHF by 1.01%.
EUR down 0.08% at $1.0947.

Commodities

Oil rose on optimism over the pause on tariffs.
Brent rose $2.66, or 4.23%, to settle at $65.48. U.S. crude rose $2.77, or 4.65%, to $62.35.
Spot gold extended its climb and was last up 0.5% at $3,097.52 an ounce.

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