Market Information Thursday 24 April 2025

US stock markets saw a surge on Wednesday fueled by speculative comments from President Trump about tariffs and trade. Despite early gains, optimism faded after the Treasury Secretary dismissed tariff reduction rumors, with the S&P 500 closing up 1.7 percent. Analysts caution that erratic US policy decisions could impact economic stability, with markets remaining below levels seen at Trump’s inauguration.

The IMF forecasts slower global growth and higher U.S. inflation due to President Trump’s tariffs, predicting U.S. output to drop to 1.8% by 2025. These tariffs have increased economic uncertainty, prompting retaliatory actions from China and Canada, with the risk of a U.S. recession rising to 40%. Trump’s trade policies challenge inflation control and threaten global productivity, particularly impacting poorer countries.

Brazil’s top foreign policy adviser, Celso Amorim, stated that China and other Brics nations will advocate for international cooperation as the US retreats from multilateral engagement under President Trump. Amorim emphasized Brazil’s commitment to strengthening Brics and fostering good relations globally while noting Brazil’s own cautious approach towards China’s Belt and Road initiative. He believes that while the US remains integral to the global order, Brazil will pursue diplomacy that avoids conflict but still voices its independent opinions.

The 6M Euribor increased with 2 basis points to 2.17% compared to previous business day. The 10Y Swap increased with 2 basis points to 2.48% compared to previous business day.

In the attachment, today’s market data on money and capital market rates as well as other rates are presented.