Thursday's Markets Update (April 10, 2025)

12 Apr 2025 by rate3

Thursday's Markets Update:

The crypto market turned red again, with ETH and SOL shedding more than 8%, while BTC slid 3%, dipping below 80K once more.

Stocks fell sharply on China’s new 145% tariffs after Wednesday’s historic rally, with Tesla, Nvidia, Apple, and Amazon being the most exposed. Meanwhile, inflation eased to 2.4% (down from 2.8%, below the 2.6% forecast), with the core component reaching its May 2020 level.

World's Markets:

- EU equities rallied in response to a pause in tariffs (it happened before the announcement of China’s new levies).
- China’s producer prices decreased more than expected (by 2.5% vs. a forecast of 2.3%), with the steepest drop occurring in mining (-8.3%). China’s stock indexes rose as CCP officials held an ad-hoc meeting to discuss responses to the tariffs.

Commodities and Currencies:

- Gold soared to a new ATH, while the dollar fell.
- The euro reached a 20-month high, and the dollar is at a 6-month low, while oil prices dropped 5% on recession expectations.

The State Of Markets: In the red, markets shed almost all gains from the previous day as the tariff war with China escalates