Daily Report

3 de Abril de 2025
Financial Markets | daily report 03.04.2025
  • Yesterday all eyes were on Trump's tariffs announcement, which took place after US markets had closed. Trump finally set tariffs close to the worst expectations, with a 34% tariff for China, 20% for the EU and 24% for Japan. Asian equities are down at today's session (Nikkei around 3%), while stock index futures for Europe and the US point to similar losses.
  • Returning to Wednesday's close, Eurozone sovereign yields rose in a volatile session amid rumours of the EU's response to Trump's tariffs. US Treasury yields rose as the ADP survey showed a stronger than expected rise in payrolls in March, and both factory orders and durable goods orders for February also came in higher than expected.
  • On the stock market, eurozone indices diverged slightly, with the Iberian indices rising while the German Dax and the broader Eurostoxx50 fell. US equity indices rose in a volatile session. In the currency market, the dollar weakened against its peers, particularly the euro, and in commodities, oil prices rose as some traders anticipated milder tariffs.