Suggestions




·

Global Markets Breathe A Sigh Of Relief As Trump Announces 90-Day Tariff Pause

April 10, 2025
by

Global shares soared and bond markets stabilised after U.S. President, Donald Trump, announced a surprise 90-day pause on new tariffs imposed on dozens of countries.

This move sparked a relief rally, with major stock indexes surging worldwide. The S&P 500 jumped 9.5% on Wednesday, its largest gain since 2008, while the Nasdaq rose 12.2%, its biggest one-day increase since January 3, 2001. European shares followed suit on Thursday, with the pan-continental STOXX 600 index up 5.3%, on track for its largest one-day gain since March 2020.

Join our WhatsApp Channel

In Asia, Japan’s Nikkei advanced over 8%, and a broader gauge of Asia-Pacific stocks excluding Japan rose 4.4%.

Currency and bond markets also recorded significant shifts. The dollar weakened around 0.9% against the yen and Swiss franc, failing to sustain its previous jump.

READ ALSO:

The benchmark 10-year Treasury yield dropped 10 basis points to 4.2985%, easing fears of fragility in the world’s biggest bond market.
German Bunds, previously a safe haven, sold off on Thursday, with the 10-year yield up 8 basis points at 2.659%.

Commodities and Expert Insights

Oil prices fell as investors worried about the continued growth shock from the worsening Sino-US trade war. Brent crude futures were down 2.3% at $63.97 per barrel. Spot gold extended its climb, up 0.9% at $3,109 an ounce.

Experts attributed the market surge to relief and uncertainty about the longer-term plan for tariffs. “You’ve had a relief rally after the realisation that market pressure is something that resonates with the US president,” said George Lagarias, chief economist at Forvis Mazars.

For press releases, tip-off, and corporate information, call 08149575257 (hotline) 

Email: publisher@primebusiness.africa and editor@primebusiness.africa

Website |  + posts

Prime Business Africa

Related Posts

Previous Story

Elumelu To Nigerian Govt: Expedite Action To Pay Debts Owed GenCos

Next Story

Dangote Refinery Slashes Petrol Price To N865 As FG Promises To Continue Naira-for-crude Deal

Featured Stories

Related Posts

Latest from Markets

Aston Martin to Cut 20% of Workforce Over Rising Losses

British luxury carmaker Aston Martin has announced plans to reduce its workforce by up to 20 percent, following widening annual losses linked to US tariffs and weak demand in China. The cuts will affect around 600 employees, out of the company’s 3,000-strong

Week Ahead: Nigeria CPI Cools, US-Iran Talks & US PCE in Focus 

By Lukman Otunuga In a welcome development for Nigeria’s economy, inflation unexpectedly slowed in January, with prices rising 15.1% year-on-year. This represented a slight decline from 15.2% in December and was well below the 19.5% medium estimate. Lower food prices have helped
Previous Story

Elumelu To Nigerian Govt: Expedite Action To Pay Debts Owed GenCos

Next Story

Dangote Refinery Slashes Petrol Price To N865 As FG Promises To Continue Naira-for-crude Deal

Don't Miss

Minimum Wage Debate: NECA Warns Of Business Collapse Over N400,000 Demand

Minimum Wage Debate: NECA Warns Labour Union Of Business Collapse Over N400,000 Demand

The Director-General of the Nigeria Employers’ Consultative Association (NECA), Mr.

FG Halts Enugu’s NAFEST 2025 Amid Rising National Security Concerns

The Federal Government has postponed the 2025 National Festival of