Morning Economic Report 4-17-25

After FED Chair Powell's speech in which he talked on unprecedented uncertainty and that pressure to inflation will keep the FED conservative, the ensuing equity fall has been somewhat repaired by relief today which was led by APAC as TSMC rallies the East with 60% increase in Q1 profits although analysts are quick to point out activity is tariff avoidance by buyers. WTO cuts world 2025 growth by 0.2%. ECB expected to cut by 25-basis points. Few other data drivers, but more results from Netflix among others. Trump hails trade meeting with Japan and Ukraine talks set to continue in Paris. Gold makes another all-time high overnight. DAX -0.17%, CAC -0.44%, FTSE +0.53%, Euro STOXX600 -0.51%. USD still coming second in FX pairings but currencies quiet as they await ECB decision, DXY 99.48. Gold 3322. BTC $84,469.