Friday's Markets Update (April 11, 2025)

12 Apr 2025 by rate3

The crypto market followed stocks upward, with BTC reaching 83K.

Equities are in greed again after Trump's 'optimistic' comments on the China deal. Producer prices dropped unexpectedly for the first time in half a year, with gasoline costs plunging. Additionally, food and other costs (core PPI) decreased far below expectations. This might be the first sign of stagnation, where consumers reduce consumption, prompting producers to react by lowering prices. Consumer sentiment fell to its lowest level since June 2022, dropping from 57 in March to 50.8 in April (the fourth straight month, down more than 30% since December 2022). Inflation expectations for 2025 stand at 6.7%, the highest since 1981.

Commodities and Currencies:

- Gold surged to an absolute record (above 3240).
- The euro rose to new highs as the dollar fell to a three-year low.

The State Of Markets: stocks are in the green following Trump's comments, despite rapidly deteriorating economic fundamentals.