Today's News Update - 30th April 2025
Asia
Asia-Pacific markets closed mixed on Tuesday, following Wall Street’s lead after the Trump administration announced steps to reduce auto tariffs. HSBC's earnings exceeded expectations, fueled by strong wealth and banking divisions.
In China, the CSI 300 fell 0.17%, while Hong Kong’s Hang Seng rose 0.16%. Australia’s S&P/ASX 200 gained 0.92%. Japanese markets were closed for a public holiday.
US
The Dow Jones Industrial Average rose on Tuesday, hitting its daily high after the White House confirmed a major trade deal was nearly complete.
The Dow gained 300.03 points, or 0.75%, closing at 40,527.62. The S&P 500 climbed 0.58% to 5,560.83, and the Nasdaq Composite added 0.55%, finishing at 17,461.32. Both the Dow and S&P 500 marked their sixth consecutive day of gains.
Commodity
Gold fell nearly 1% on Tuesday as reduced safe-haven demand followed signs of easing U.S.-China trade tensions, with investors looking ahead to key economic data for clues on the Fed’s policy. Spot gold dropped 0.8% to $3,315.84, while U.S. gold futures were down 0.4% at $3,333.60.
Oil prices also declined by over 2% amid concerns about an OPEC+ output increase and the potential impact of Trump’s tariffs on global demand. Brent crude dropped 2.44% to $64.25, and U.S. West Texas Intermediate fell 2.63% to $60.42.
The above analysis is only for the views of market researchers and is for reference only and is not Regarded as a specific investment suggestion.
#Forex #trading #tradingforex
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