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Markets Update: Main U.S. indexes increase by more than 1%. Trump's tariffs might be more limited than anticipated. Treasury yields and the dollar climb; gold falls from its record high. Cocoa jumps; grains and cotton show mixed results.
Global Markets Roundup: 24 March 2025
U.S. stocks soared on Monday, participating in a global equities recovery, as investors reacted positively to reports suggesting that the Trump administration's forthcoming tariffs might be more selective than initially anticipated. This optimism increased risk appetite, raised Treasury yields, and strengthened the U.S. dollar, while precious metals and certain commodities declined.
Tariff Optimism Lifts Risk Assets
Markets were buoyed by reports from The Wall Street Journal and Bloomberg suggesting that President Donald Trump’s reciprocal tariffs, set to take effect April 2, may exclude certain sectors, easing concerns over a broad economic impact. Trump confirmed Monday that new 25% tariffs will target countries buying oil or gas from Venezuela, but further details remain unclear.
Stocks Rebound as Global Sentiment Improves
Dow Jones Industrial Average rose 526.18 points (1.26%) to 42,515.62
S&P 500 climbed 87.01 points (1.55%) to 5,755.38
Nasdaq Composite gained 353.95 points (1.99%) to 18,139.45
The rally followed weeks of pressure from trade uncertainty. The MSCI All-Country World Index rose 1.10%, snapping a four-week losing streak.
Economic Data Sends Mixed Signals
The S&P Global flash U.S. Composite PMI rose to 53.5 in March from 51.6, indicating expansion. However, business confidence fell to its second-lowest level since 2022, reflecting continued tariff and spending concerns.
Europe, Asia Mixed on PMI Data
STOXX 600 edged up 0.11 points, as eurozone PMI rose to 50.4, its best since August
Germany’s private sector PMI rose to 50.9, helping lift the DAX by 0.3%
Asia-Pacific stocks mostly advanced, following gains in U.S. futures
Bonds and Dollar Firm on Trade Outlook
Hopes that targeted tariffs may reduce the inflationary blow helped push Treasury yields higher:
10-year yield climbed 7.1 bps to 4.323%
30-year yield rose 2.2 bps to 4.5784%
2-year yield fell 2.6 bps to 3.931%, reflecting more cautious Fed expectations
The dollar rose, bolstered by Fed’s steady tone and political developments abroad:
Commodities: Oil Rises, Gold Slips, Cocoa Surges
Crude oil rose for a second session, supported by fresh U.S. sanctions on Iran and uncertainty around Ukraine peace talks:
WTI rose 0.69% to $68.75/bbl
Brent gained 0.6% to $72.60/bbl
Gold pulled back after last week’s record high, as investor appetite shifted:
Spot gold fell 0.4% to $3,010.33/oz
U.S. gold futures dipped 0.2% to $3,015.50/oz
Other precious metals also softened:
Silver down 0.2% to $32.97/oz
Platinum down 0.5% to $970.47/oz
Palladium down 0.9% to $949.25/oz
Cocoa prices soared as short-covering intensified on slowing export expectations from Ivory Coast:
ICE NY Cocoa (May) up 4.38%
London Cocoa (May) up 4.05%
Grain markets were mixed:
Soybeans fell 0.1% to $10.08¾/bushel
Corn dropped 0.5% to $4.61¾/bushel
Wheat declined 0.9% to $5.53/bushel
Cotton futures were steady to slightly lower, continuing their decline amid falling Chinese demand linked to retaliatory tariffs. Friday’s close marked a 210-point weekly drop for the May contract.
Looking forward refer to the economic calendar below to see the upcoming events scheduled for today and the rest of the week.
General news - Information source from multiple newswires.
The article and the data is for general information use only, not advice!
The Trade Academy Team