📈 Stocks / Finance

Markets rally as Trump pauses most tariffs, hikes China rate

CBS News

Dow surged 2,963 points (7.9%) after Trump paused reciprocal tariffs for 90 days and cut most rates to 10%. S&P 500 jumped 9.5%, Nasdaq 12.2%. China excluded, with U.S. tariffs raised to 125%. 98% of S&P 500 stocks gained.

Trump Tariff Pause Spurs $1.5T Surge in Big Tech

Reuters

The Magnificent Seven stocks gained over $1.5T after Trump paused tariffs for 90 days and cut duties for some nations. Nvidia, Meta, and others rose up to 22.7%, reversing part of a $3.4T slide. AI capex plans are expected to resume amid eased trade friction.

Treasury Yields Spike After Trump’s Tariff Pause

Yahoo Finance

The 10-year Treasury yield surged 53 bps in three days to 4.40%, its largest jump since 2001, following Trump's 90-day tariff pause and new China tariffs. Analysts cite inflation fears, foreign demand concerns, and stagflation risks amid market confusion.

🪙 Crypto

Crypto Tokenisation Forecast to Hit $19T by 2033

Forbes

BlackRock-backed asset tokenisation is projected to surge from $600B to $19T by 2033, per a Ripple-BCG report. Bitcoin rebounded above $80K amid global trade turmoil, while the broader crypto market lost $1.3T since January highs.

🌎 Global Economy

Pound Drops on Trump Tariffs, BoE Dovish Signals

FX Street 

The Pound fell to 1.2765 vs USD as Trump’s 104% China tariffs raise global recession fears. Deutsche Bank expects a 50 bps BoE cut in May. The BoE cited weaker data and labor concerns. GBP trades below 20-day EMA; RSI hovers near 40.

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