Morning Economic Report 4-14-25

Economy Update

US bourse futures led equities higher as tariffs are reprieved on smartphones and semiconductors, for now. However, Trump says they are just moving to another tariff category, and nobody is getting off the hook. Confusion reigns but there is enough for bourses to keep relief rally alive. China exports increased 12.4% YoY, explained as front-loading ahead of tariffs. Imports were down 4.3%. European stocks adhere to the better risk mood as the DAX outperforms. The USD is under attack with all peers benefiting which probably makes ECB job of cutting interest rates easier. Gold still on the rampage but has backed off the all-time high. DAX +2.12%, CAC +1.85%, FTSE +1.69%, Euro STOXX600 +2.13%. Worry over US Treasuries and scare stories on demise of greenback gives the USD another whack against all peers, DXY 99.42. Gold still the favourite, 3225. BTC $84,368.