Trump’s Tariffs are Winning
I have said on various podcasts that a 10% tariff is really a tariff. Beyond that, it is political to force free trade. Most countries are dropping tariffs on [...]
Market Talk – April 3, 2025
ASIA:
The major Asian stock markets had a negative day today:
• NIKKEI 225 decreased 989.94 points or -2.77% to 34,735.93
• Shanghai decreased 8.12 points or -0.24% to 3,342.01
• Hang Seng decreased 352.72 points or -1.52% to 22,849.81
• ASX 200 decreased 74.80 points or -0.94% to 7,859.70
• SENSEX decreased 322.08 points or -0.42% to 76,295.36
• Nifty50 decreased 82.25 points or -0.35% to 23,250.10
The major Asian currency markets had a mixed day today:
• AUDUSD increased 0.00376 or 0.60% to 0.63367
• NZDUSD increased 0.00674 or 1.18% to 0.58024
• USDJPY decreased 3.175 or -2.13% to 146.099
• USDCNY decreased 0.01283 or -0.18% to 7.28315
The above data was collected around 14:03 EST.
Precious Metals:
• Gold decreased 55.16 USD/t oz. or -1.74% to 3,107.47
• Silver decreased 1.839 USD/t. oz. or -5.44% to 31.938
The above data was collected around 14:08 EST.
EUROPE/EMEA:
The major Europe stock markets had a negative day today:
• CAC 40 decreased 259.85 points or -3.31% to 7,598.98
• FTSE 100 decreased 133.74 points or -1.55% to 8,474.74
• DAX 30 decreased 673.45 points or -3.01% to 21,717.39
The major Europe currency markets had a mixed day today:
• EURUSD increased 0.01827 or 1.68% to 1.10353
• GBPUSD increased 0.00995 or 0.77% to 1.31020
• USDCHF decreased 0.02098 or -2.38% to 0.86104
The above data was collected around 14:20 EST.
US/AMERICAS:
US Market Closings:
- Dow declined 1,679.39 points or -3.98% to 40,545.93
- S&P 500 declined 274.45 points or -4.84% to 5,396.52
- Nasdaq declined 1,050.44 points or -5.97% to 16,550.6
- Russell 2000 declined 134.82 points or -6.59% to 1,910.55
Canada Market Closings:
- TSX Composite declined 971.41 points or -3.84% to 24,335.77
- TSX 60 declined 57.67 points or -3.79% to 1,462.84
Brazil Market Closing:
- Bovespa declined 97.17 points or -0.07% to 131,093.17
ENERGY:
The oil markets had a mixed day today:
• Crude Oil decreased 4.91 USD/BBL or -6.85% to 66.800
• Brent decreased 4.936 USD/BBL or -6.59% to 70.014
• Natural gas increased 0.0802 USD/MMBtu or 1.98% to 4.1352
• Gasoline decreased 0.078 USD/GAL or -3.48% to 2.1602
• Heating oil decreased 0.0511 USD/GAL or -2.28% to 2.1872
The above data was collected around 14:25 EST.
• Top commodity gainers: Natural Gas (1.98%), Canola (1.45%), Cocoa (3.76%) and Methanol (2.70%)
• Top commodity losers: Potatoes (-16.28%), Lumber (-6.95%), Crude Oil (-6.85%) and Brent (-6.59%)
The above data was collected around 14:29 EST.
BONDS:
Japan 1.3510% (-12.82bp), US 2’s 3.72% (-0.183%), US 10’s 4.0480% (-14.7bps); US 30’s 4.48% (-0.072%), Bunds 2.6420% (-8.2bp), France 3.3780% (-4.5bp), Italy 3.7730% (-4.3bp), Turkey 30.47% (-8bp), Greece 3.457% (-6.9bp), Portugal 3.186% (-6.2bp); Spain 3.293% (-4.8bp) and UK Gilts 4.5310% (-11.3bp)
The above data was collected around 14:38 EST.
Latest Posts
Tariffs are NOT Reciprocal
How did the Trump Administration come up with these tariff rates? Why would a nation like Madagascar, for example, with a small economy, be hit with a 47% tariff? Reciprocal [...]
Eric Adams Leaves the Democratic Party
New York City Mayor Eric Adams, the man who fought tooth and nail to maintain sanctuary city status for migrants, has abandoned the Democratic Party. The Democrats have become so [...]
Trump vs Putin
https://www.armstrongeconomics.com/wp-content/uploads/2025/04/Zelensky-Reniggs.mp4 QUESTION: I take it you agree with Putin that Zelensky is not legitimate and that Trump is wrong. Would you care to explain your position? WG ANSWER: I [...]
