April 25, 2025
United States:
Stocks Halt Rally on Conflicting Tariff Signals
A solid week on Wall Street is ending on a softer note, with stocks falling as investors digested the gains of the past few sessions amid conflicting signals on whether the US-China trade spat is de-escalating.
The S&P 500 halted a three-day rally on speculation the world’s two largest economies won’t set aside their differences so quickly.
Europe:
ECB’s Lagarde Sees Euro-Area Inflation Hovering Around 2% Target
European Central Bank President Christine Lagarde said that disinflation “is well on track,” while warning that high uncertainty makes it impossible to give clear signals on interest rates.
“Most measures of underlying inflation suggest that inflation will settle at around our medium-term target on a sustained basis,” she said on Friday. “Looking ahead, inflation is expected to hover around our 2% target.”
Asia:
Tokyo Inflation Quickest in Two Years as Rice Prices Soar 93%
The pace of inflation in Tokyo accelerated from the previous month to the fastest pace in two years, supporting the Bank of Japan’s rate-hike stance that is now complicated by uncertainty stemming from US tariff measures.
Consumer prices excluding fresh food gained 3.4% in the capital in April from a year earlier, as a mixture of impacts from last year’s school fee cuts and higher food and energy costs pushed up prices, according to a Ministry of Internal Affairs report released on Friday.
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