US Stocks Set to Recover April Losses on Renewed Trade Optimism

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US Stocks Set to Recover April Losses on Renewed Trade Optimism

US futures

2.7% at 42314

3.1% at 5832

4% at 20848

In Europe

0.58% at 8600

0.55% at 23617

• Stocks surge after US-China trade deal following talks in Geneva
• The two sides agree to pause tariffs at pre-Liberation Day levels for 90 days
• Apple (NASDAQ:) jumps 6%,
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  (NASDAQ:) soars 7%
• soars 3% on US–China trade deal

Stocks Rise as the US & China Reduce Tariffs

U.S. stocks opened significantly higher as the US and China agreed to a deal to reduce tariffs, signaling a de-escalation in the trade war.

The US will lower tariffs to 30%, down from 145%, and ******** taxes on US imports will fall to 10% from 125%. These new measures will be effective for 90 days. The market is now reassessing what these lower tariffs mean for the

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of US businesses and the economy.

The volatility index, which is considered to be Wall Street’s fear gauge, briefly slips below the key 20-point threshold for the first time since late March as the mood improves.

The deal between the US and China comes just days after the US-*** trade agreement eased concerns that Trump’s reciprocal tariffs, announced five weeks ago, would spark a worldwide recession.

has fully recovered from its declines from the April 2 tariffs, thanks to Trump’s softening stance and upbeat earnings reports.

Whilst trade developments will remain a key focus, attention will also be on US inflation data due on Tuesday, , and a speech by Federal Reserve Jerome Powell on Thursday.

The market currently expects the to deliver two rate cuts by the end of 2025, in accordance with its guidance.

Corporate News

Apple’s stock is rising 6.5% following the US-China trade deal, and according to reports, the tech giant is considering raising prices for its iPhones.

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is jumping over 7% as the e-commerce giant’s supply chains are heavily linked to China.

majors, including Chevron (NYSE:) and Exxon Mobil (NYSE:), are rising around 2%, tracking oil prices higher in the wake of a trade deal between the two largest oil consumers in the world.

******** stocks, including Alibaba (NYSE:), JD.com, and

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(NASDAQ:), are trading substantially higher. This is because ******** stocks benefit from easing tensions between the US and China.

Pharmaceuticals such as Pfizer (NYSE:), Eli Lilly (NYSE:), and Johnson & Johnson (NYSE:) are falling after Trump promised to cut prescription drug prices by 59% but gave no details of how he would achieve this.

Nasdaq 100 forecast – Technical Analysis.

The Nasdaq’s recovery from the 16325 low has surged above resistance at the 200 SMA at 20,220 as it heads towards 21k. The RSI is above 50, supporting further gains while it remains out of overbought territory. Buyers will look to rise above 21k to bring 22k into focus ahead of 22,235 and fresh record highs. Support is seen at 20,300, the 200 SMA, and 20k, the psychological level. Below here, sellers could look towards 19k.

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FX Markets – USD Rises, EUR/USD Rises

The rises sharply as the sell America trade unwinds following the US–China agreement. The UD has risen to a monthly high after the two sides agreed to temporarily lower tariffs.

The is falling sharply, down 1.3% at the time of writing, marking its steepest selloff so far this year. The EUR is giving back the gains it saw on almost safe haven flows away from the USD as trade tariffs were announced.

is falling amid USD strength and after comments from BoE deputy Governor Clare Lombardelli, who warned that risks to inflation remain. Lomardelli voted to cut rates last week. However, she said wage growth remains too high for inflation to cool to 2%.

Oil Jumps After Trade Talks.

Oil prices jumped 3% on Monday after the US and China said they would reduce some of their tariff measures, raising hopes that the trade war between the world’s two largest consumers of crude oil could soon end.

Positive talks between the world’s two largest economies could help boost the demand

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as trade between the two is restored. Oil gained over 4% last week after the US trade deal with the ***, which boosted optimism that disruptions from US tariffs may soon be avoided.

Furthermore, talks between Iranian and US negotiators ended on Sunday, and further negotiations are planned to resolve disputes regarding Tehran’s nuclear programme. Any sign of a USU run could deal with concerns over the global oil supply, which may pressure oil prices.

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#Stocks #Set #Recover #April #Losses #Renewed #Trade #Optimism

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