Archives April 2025

Asian and European stock indexes are rallying after President Donald Trump said he would pause “reciprocal” tariffs for 90 days for all trading partners except China.

U.S. stock futures are pointing lower after major indexes skyrocketed Wednesday. Goods from China entering the U.S. now face a 125% tariff, while Beijing has imposed an 84% levy on U.S. imports. Imports to the U.S. from other markets still face a 10% duty, and economists said the tariffs in place can still do economic damage.

Dow Jones Industrial Average futures are about 1.7% lower after the blue-chip index closed almost 8% higher yesterday, a gain of nearly 3,000 points. S&P 500 futures are falling 2.1% after the index jumped 9.5% for its biggest gain since 2008. Nasdaq futures are down 2.4% after the tech-heavy index surged more than 12% for its biggest gain since 2001.

Japan’s Nikkei and Hong Kong’s Hang Seng, which had ended trading yesterday before Trump’s pause announcement, closed 9% and 2% higher Thursday, while the Stoxx Europe 600 index is up 5%.

The 10-year Treasury yield, which affects borrowing costs on all sorts of loans, is now down to 4.29% after moving as high as 4.52% Wednesday morning, its highest level since mid-February.

“The market discipline that forced Trump to blink was not only a bear market in equities but also and more importantly the spike in bond yields and credit spreads (especially HY) and the risk of a disorderly collapse in the dollar,” economist Nouriel Roubini wrote in a post on X. “So Trump blinked and decided for the 90 days tariff pause.”

Countries are reacting to widespread tariffs proposed by the U.S.—and there are two distinct approaches.

Some countries are attempting to negotiate deals with the U.S. in hopes of lowering tariffs. While none has been successful yet, President Donald Trump paused his most extreme tariffs Wednesday just hours after they had been implemented in an effort to make tailored deals with each country, the administration said.

Others retaliated in the early hours of the day, enforcing their own additional tariffs on U.S. goods. In response to the largest retaliation, Trump ratcheted the import duties on Chinese goods. Other countries that answered Trump’s tariffs with import taxes of their own did not see any U.S. response yet.

Here are the countries taking these different approaches.

Retaliating

Several countries are responding to Trump’s tariffs with additional import taxes on U.S. products. Trump has said that if countries retaliate, he will increase the “reciprocal” tariffs on that country.

China

China had already planned a 34% retaliatory tariff last week. In response, Trump ratcheted up tariffs on Chinese goods to 104% and those went into effect early Wednesday morning.

The Chinese government responded by raising its levy on U.S. goods to 84%.

“The U.S.’s practice of escalating tariffs on China is a mistake on top of a mistake, which seriously infringes on China’s legitimate rights and interests and seriously damages the rules-based multilateral trading system,” China’s Ministry of Finance said.

In response, Trump increased tariffs on Chinese goods to 125% instead of giving the country a reprieve, as with most others.

“As I repeatedly said, China is the most imbalanced economy in the history of the modern world and they are the biggest source of the U..S.’s trade problems.” said Treasury Secretary Scott Bessent in a press conference with reporters after the increased tariffs were announced.

European Union

European Union officials voted Wednesday to implement retaliatory tariffs on U.S. goods.

The bloc’s tariffs will affect around $23.2 billion in U.S. exports, according to Bloomberg, and are in response to the steel and aluminum tariffs previously implemented, according to a statement released by officials.

“The EU considers U.S. tariffs unjustified and damaging, causing economic harm to both sides, as well as the global economy,” the statement said. “The EU has stated its clear preference to find negotiated outcomes with the U.S., which would be balanced and mutually beneficial.”

The tariffs will be implemented on April 15 and could be suspended should the two governing bodies reach a deal.

Canada

The U.S.’s neighbors to the north also focused on auto tariffs, implementing a 25% import tax on American-made vehicles. These tariffs, like the U.S. counterparts, exclude USMCA automobiles.

“We are responding today with, and we responded throughout with, carefully calibrated and targeted counter-tariffs,” Canadian Prime Minister Mark Carney reportedly said during a press conference.

Canada was included in the countries with a base tariff of 10% under the pause announced Wednesday by Trump, Bessent said, but it was not immediately clear what that meant for tariffs announced previously on the country that were not included in the “reciprocal” framework.

Negotiating

Treasury Secretary Scott Bessent said 70 countries had called to negotiate trade deals at the beginning of the week. Trump has posted on Truth Social that he has met with or had calls with several countries.

Below are some countries that are confirmed to be making an attempt to negotiate lower tariffs.

Japan

Japanese government officials have been in talks with Trump since the beginning of the week, according to reports.

The country seeks to negotiate down the 24% tariff that the U.S. is charging on Japanese imports. Japan has long been an economic ally, with the U.S. importing $148.2 billion of goods from Japan last year.

Bessent has said Japan will likely “get priority” because they came forward quickly.

Vietnam

Vietnam’s first attempt at a deal was dismissed by Trump’s trade adviser Peter Navarro early in the week but it reportedly is still attempting to negotiate with the administration.

Many companies moved their manufacturing out of China in recent years as wages have increased and tariffs put on China in Trump’s first administration increased costs. Nike, for example, sources large portions of its shoes and apparel from Vietnam, according to its most recent annual report.

Bloomberg reported that a top Vietnamese official has headed to Washington for negotiations.

South Korea

On Tuesday, Trump wrote on the social media site Truth Social that he had “a great call” with South Korean Acting President and Prime Minister Han Duck-soo.

“We have the confines and probability of a great DEAL for both countries,” Trump wrote. “Their top TEAM is on a plane heading to the U.S., and things are looking good.”

The U.S. levied a 25% tariff on South Korean goods when widespread tariffs went into effect in the early hours Wednesday.

Update, April 9, 2025: This article was updated to include information about President Donald Trump’s pause on “reciprocal” tariffs.

Real estate investment trusts (REITs) have outperformed the broader market and could maintain their edge in an uncertain economic environment, UBS analysts said Wednesday.

REITs—companies that own, operate, or finance income-generating real estate—generated returns about 4 percentage points greater than the S&P 500 index in 2025 through Monday’s close, according to a UBS analysis.

REITs began pulling ahead of the benchmark stock index around March 4, when the Trump administration imposed tariffs on goods from Canada and Mexico and raised import taxes on products from China, UBS said in a research note. REITs could also continue performing better than the broader market because real estate may be better-insulated from tariffs than other sectors represented in the S&P 500, the analysts said.

“This is due in part to the defensive nature of the group; they are backed by real assets, limited international exposure, and should see a delayed impact from tenants,” the note said.

It’s unclear how President Donald Trump’s trade policies will evolve. He announced on Wednesday a 90-day pause on at least some tariffs.

Some REIT Assets Seen as Safer Choices

In such a volatile environment, REITs with self-storage facilities and triple net leases—where commercial tenants are responsible for property tax, insurance, and maintenance expenses—could be more stable choices than others, UBS said. Single-family rental homes, apartments on the coasts, and manufactured homes are also likely to be stable, the analysts said.

The prospect of tariffs and a consumer slowdown may hurt industrial tenants and sap demand for warehouse and cold storage space, UBS said. Shopping centers and other retail properties may also face headwinds, the analysts said.

REITs surged Wednesday, amid broader market gains after Trump announced a pause on some tariffs. Shares of UDR (UDR), which owns apartments, jumped about 8%, while shares of Extra Space Storage (EXR), which rents storage units, added over 7%. Shares of Equity LifeStyle Properties (ELS), which owns manufactured home communities and resorts, rose close to 4%. (Read Investopedia’s live coverage of Wednesday’s market action here.)

Just days after suffering their worst stretch in years, stocks rebounded on Wednesday to notch one of their best days of the 21st century after President Trump announced a 90-day pause on the tariffs that sent stocks across the globe spiraling last week.

The S&P 500 soared 9.5% on Wednesday, its biggest one-day gain since October 2008. The tech-heavy Nasdaq Composite skyrocketed 12.2%—its second-largest daily gain since the turn of the century and its best day since January 2001. The Dow Jones Industrial Average rose 7.8%, its best day since March 2020 and fifth-best since 2000.

Investors breathed a sigh of relief on Wednesday when President Trump implemented a 90-day pause on most of the tariffs that went into effect overnight. Trump shocked Wall Street last Wednesday when he unveiled tariffs that were broader and steeper than investors had expected. Stocks tumbled in the following days as economists warned the tariffs would likely weigh on global growth and stoke inflation. 

Wednesday’s rally recouped much of the losses the major indexes have suffered in the last week. The Nasdaq, which finished yesterday’s session more than 13% off its pre-“Liberation Day” close, is now down just 2.7%. The S&P 500 has pared its losses from 12.1% to 3.8%, and the Dow closed Wednesday 3.8% off its level before the tariffs were announced. 

“The stock market rebound is a combination of speculative investors needing to cover short positions; less fear of recession and stagflation; and optimism that tariff rates will ultimately end up lower than they are threatened today,” Comerica Bank Chief Economist Bill Adams said.  

The tariff pause comes just days before big banks are slated to kick off first-quarter earnings season, with JPMorgan Chase (JPM) scheduled to report on Friday. Its CEO Jamie Dimon warned in his annual letter to shareholders on Monday that the tariffs would slow down growth, and early Wednesday Dimon called a recession “a likely outcome” of the tariffs. Bank stocks surged in response to the tariff pause Wednesday.

Wednesday’s pause and rally could change the tone of earnings calls in the coming weeks. “This pause may provide companies with a clearer backdrop for their guidance, offering some relief to a market hungry for direction,” wrote Gina Bolvin, President of Bolvin Wealth Management Group, on Wednesday. (Analysts have been expecting tariff uncertainty to cause the number of companies offering sales and earnings guidance to drop sharply this quarter.) 

“However, uncertainty looms over what happens after the 90-day period, leaving investors to grapple with potential volatility ahead,” Bolvin added. 

The Trump administration has paused plans to tighten restrictions on sales of Nvidia’s (NVDA) H20 chip to companies in China, NPR reported Wednesday.

The H20 is less powerful than Nvidia’s latest chips and is tailored to meet existing U.S. export restrictions. The White House had been considering curbing Nvidia’s ability to sell the chip in China, but those plans were put on hold after CEO Jensen Huang attended a dinner at Mar-a-Lago last week, where President Trump made an appearance, according to the report.

Nvidia declined to remark on the report, while the Commerce Department did not immediately respond to a request for comment.

Nvidia shares soared over 18% Wednesday amid a broader market rally after Trump announced a 90-day pause on most of the tariffs his administration announced last week. In a Truth Social post, Trump said he felt the pause was needed because “more than 75 countries” had contacted his administration to make trade deals. The pause excluded China, which is instead facing a higher rate as tariffs on goods from the country increase to 125%. (Read Investopedia’s live coverage of today’s market action here.)

​New blockchain initiatives use crypto pre-sales as their favourite funding strategy to obtain capital through early investor acquisition. During pre-sales, investors can acquire tokens at lower prices than official exchange launch prices, hence unlocking strong potential benefits from a project’s growing popularity. Among various upcoming projects, AurealOne and DexBoss represent two advanced platforms because they promise to enhance user experience specifically for gaming together with DeFi applications.

Unlocking Potential: The Benefits of Crypto Pre-Sales

Pre-sale token acquisition through crypto allows investors to purchase AurealOne and DexBoss tokens at their initial release prices. Investors who take part in pre-sales obtain tokens at discounted prices ahead of public market launches which creates chances for strong gains when the projects establish themselves with investors. The opportunity to invest early provides a strong appeal to searchers of upcoming new cryptocurrencies.

AurealOne: The Future of Gaming on the Blockchain

The AurealOne platform functions as a progressive blockchain system made exclusively for gaming systems and metaverse applications. The platform targets both developers and gamers through its instant transaction processing along with minimal gas charge requirements. Descending from its core, the native cryptocurrency DLUME supports financial operations and functions as in-game currency within all hosted projects on the platform.

Key Features of AurealOne

1. Lightning-Fast Transactions: The advanced technology of Zero-Knowledge Rollups enables AurealOne to manage efficient and scalable processing of gaming transactions at high speed.
    
2. User Engagement and Governance: Stakers of DLUME earn rewards and gain governance powers that contribute to active ecosystem development through their holding tokens.
    
3. Initial Coin Offering (ICO) Structure: The presale consists of 21 defined rounds beginning at $0.0005 in Round 1 with upward price adjustments leading to Round 21 at $0.0045. The ICO seeks to obtain $50 million through its fundraising initiative.
    
4. Primary Project: Clash of Tiles emerges as the first official game on AurealOne which demonstrates platform features to encourage developers for additional game growth.
    
5. Community Support: On the web platform, users find an easy method to view their coin balances, which creates transparency and enables increased participation by community members. Security features on the platform come with available support channels that help resolve user issues.

Tokenomics of AurealOne

• Total Supply: Wide distribution begins with initial allocation to promote future stakeholding and rewards programs for long-term investments.

• Presale Rounds: For the initial twenty rounds the project distributes one billion tokens per allocation until the final round issues five hundred million tokens. Each price point in the investment rounds operates to attract initial investors.

DexBoss: Your Gateway to Simplified DeFi

The platform DexBoss brings decentralization in finance (DeFi) to provide analogue financial services across blockchain technology. The platform functions to make DeFi simpler while bringing new users on board and creating better liquidity possibilities for traders.

Key Features of DexBoss-

1. User-Friendly Interface: The platform caters its services to traders of all experience levels, which delivers straightforward trading experiences that dissolve challenges in understanding DeFi complexities.
    
2. Liquidity and Advanced Financial Products: DexBoss resolves liquidity problems common to DeFi networks through enormous liquidity reservoirs and combines this with financial products including margin trading and liquidity farming and staking.
    
3. Real-Time Execution: Order execution on the platform works rapidly which helps users take advantage of trading opportunities in the unpredictable crypto market.
    
4. $DEBO Token Lifecycle: The DEBO native token has an entire supply of 1 billion units. By the seventeenth round, the presale price will begin at $0.01 and conclude at $0.0505 to reach a funding goal of $50 million.
    
5. Community Incentives: The platform implements token redemption when combined with burning procedures that control supply while creating long-term value growth which attracts an active user base to the platform.

Tokenomics of DexBoss

• Allocation: Pre-sale distributions occupy 50% of the total supply, while team incentives receive 10%, liquidity pools obtain 20%, and marketing receives 10%.

• Transaction Fees: Buybacks are funded by transaction fees which provide benefits to investors who maintain their tokens in the long term.

Smart Moves: Why Investing in AurealOne and DexBoss Could Be Your Next Big Crypto Win

Investing in AurealOne and DexBoss is a strategic move for several reasons:

• Innovative Technology: The platforms employ blockchain technology to improve user experiences thus attracting investors who search for excellent cryptocurrency investment opportunities.

• Strong Community Focus: The practice of community governance, together with user engagement, creates dedicated users who form the foundation of lasting business success.

• Robust Tokenomics: Through strategic presale stages supported by advantageous offers for initial stakeholders the projects maintain strong opportunities for investor compensation as they expand.

Conclusion

AurealOne and DexBoss represent the innovative direction that digital finance continues to follow. The platforms enhance the landscape through their concentration on community dynamics and efficient systems as well as their advanced technological solutions which guide users to examine all possibilities of blockchain technology within gaming and financial domains. The combined strategies and interactive systems of AurealOne and DexBoss position them as promising projects that may soon reach levels of XRP Ripple and can emerge as the next cryptocurrencies reaching the $1 mark.

Crypto Market is volatile, and therefore, investors must be careful when investing in cryptocurrencies.  ​

Disclaimer: The views and opinions presented in this article do not necessarily reflect the views of CoinCheckup. The content of this article should not be considered as investment advice. Always do your own research before deciding to buy, sell or transfer any crypto assets. Past returns do not always guarantee future profits.

Intel (INTC) shares soared Wednesday amid a huge rally for chip stocks after President Trump announced a 90-day pause on “reciprocal” tariffs.

The stock may also be attracting interest following reports the chipmaker tentatively agreed to form a joint venture with Taiwan Semiconductor Manufacturing Company (TSM) that would run the U.S. company’s foundry business.

While tariff developments will likely continue to drive near-term sentiment in the stock, confirmation of a potential deal with TSMC that ramps up domestic contract chip manufacturing could act as a catalyst for further upside.

Intel shares have outperformed the S&P 500 since the start of the year as of Wednesday’s close, though the stock has lost 44% over the past 12 months amid uncertainty surrounding the chipmaker’s restructuring plans and constant deal speculation. The stock gained 19% on Wednesday to close at $21.53.

Below, we analyze Intel’s monthly chart and apply technical analysis to identify crucial levels that investors may be watching.

Bullish Reversal

After forming a double top between January 2020 and April 2021, Intel shares have trended sharply lower, with a countertrend rally to the 50-month moving average (MA) in December 2023 running into immediate selling pressure.

More recently, bears drove a brief sell-off below last year’s September low before bulls reclaimed this key level during Wednesday’s bullish reversal, potentially setting the stage for follow-though buying. However, investors should brace for further volatility ahead, with trading volume picking up in the stock since August last year.

Let’s identify key overhead areas to monitor and also point out a crucial zone of support worth watching amid the potential for further tariff-driven volatility.

Key Overhead Areas to Monitor

Follow-through buying from current levels could initially see the shares climb to around $25. This area on the chart may provide selling pressure near a trendline that links multiple peaks and troughs on the chart extending back to mid 1997.

Buying above this level could form part of a longer-term bullish reversal to $35. Investors who have bought the stock’s recent lows may look to offload shares in this region near the 200-month MA and a multi-year horizontal line the links a range of comparable trading activity on the chart between January 1999 and September 2023.

Crucial Zone of Support Worth Watching

During future moves lower in the stock, investors should keep track of a crucial zone of support on Intel’s chart between $18.50 and $17. This region will likely continue to attract significant attention from investors, given it’s the location that marked the stock’s recent low and sits near a range if similar price points stretching back to the late 90s.

The comments, opinions, and analyses expressed on Investopedia are for informational purposes only. Read our warranty and liability disclaimer for more info.

As of the date this article was written, the author does not own any of the above securities.

Written by the Market Insights Team

Biggest policy reversal in history

George Vessey – Lead FX & Macro Strategist

It was only a matter of time before markets forced the hand of President Trump. The plunge in equities, including a 20% drawdown in the Nasdaq, left Trump unfazed, holding firm on his aggressive tariff policies. However, it appears it was the intense selloff in US bonds this week that prompted the President to execute one of the biggest economic policy reversals in modern history.

Before the sun set on “reciprocal tariff day” Trump announced a 90-day pause on tariffs for most countries, which saw stock markets roar back with a vengeance. The S&P500 surged over 9% and the Nasdaq over 12% – both staging one of their biggest one-day gains on record. The Magnificent Seven surged as much as 11%, the largest gain since the index’s creation in 2015. Curiously, the recovery in stocks came about three hours after Trump urged Americans to stay calm and continue investing…

Part of the Trump Administrations’ plan was to get rates down, but with long-end yields surging higher on stagflation fears, the White House went from declaring no exemptions, no pauses and negotiations one country at a time to eliminate every trade deficit – to a 90-day pause with tariffs dropping to 10% on the majority of the countries on the original list. Apart from China that is. China now faces 125% levies on all goods exports in response to an earlier move by Beijing.

The tariff pause allows for strategic negotiations, which is good news, but the most critical factor for the global economy remains in escalation mode – this trade war is really only about the US versus China. Will Xi reverse course in attempt to de-escalate? Moreover, markets may be overlooking the fact that a 10% tariff on everything isn’t nothing, and the reality is more uncertainty, and a lack of clarity, for the next three months.

FX markets remain on edge. Safe havens have been sold heavily on the pause news, while those EM and commodity-linked currencies in the firing line of a global trade war have come back strongly. Overnight volatility in the major currencies remains elevated despite tariff reprieve as traders turn focus to today’s release of US inflation data.

Bond sell-off went too far

George Vessey – Lead FX & Macro Strategist

A mass departure from longer-dated US Treasuries drove yields sharply higher, triggering the most significant selloff in these so-called safe assets since 2020. Rising borrowing costs were delivering yet another blow to the global economy, already strained by President Trump’s aggressive tariff policies.

Interest rate differentials – the gap between two countries’ interest rates – act like magnets for investors’ money and play a key role in shaping exchange rates. We’re now observing a shift in dynamics though. The reversal in the usual relationship between US Treasury yields and the dollar suggests that markets are now demanding higher risk premiums on traditionally safe US assets.

This shift likely stems from concerns about stagflation, reputational damage and missteps in policymaking. Other factors include hedge fund deleveraging, speculation of foreign investors offloading US bonds, and a shift toward cash-like shorter-term securities as risk assets falter.

Higher yields, impacting everything from mortgages to loan rates, are undermining a key objective of Trump’s economic policy – lowering borrowing costs to benefit consumers, as highlighted by Treasury Secretary Scott Bessent.

The bottom line – investors were gripped by concerns that something may break in the financial plumbing as volatility and stress build across markets. It seems the bond sell-off went to far and forced Trump to surrender.

Pound recovers with equities, but bonds pose a problem

George Vessey – Lead FX & Macro Strategist

Stress in the bond markets has been evident in the UK too. Yields are rising as worryingly as they are doing in the US and this poses a headache for the UK government’s finances, which is already challenged by tight public finances and a weakening growth outlook. The Bank of England (BoE) has stated the global risk environment has deteriorated, and uncertainty has intensified. The pound has had a torrid week against most peers, especially the yen and swissy, down 2% and 3% respectively before the tariff delay was announced.

What’s interesting is the divergence in yields across the curve. Long-dated yields are rising amid renewed inflation fears driven by escalating US-China trade tensions. For example, the UK’s 30-year gilt yield, rose to its highest level since 1998. In contrast, fears of an economic slowdown has left the 2-year yield relatively unchanged as investors ramp up bets on BoE rate cuts. Markets now price in 93bps of easing this year, including growing expectations of a 50bp cut in May. Meanwhile, if the BoE determines the gilt market is becoming dysfunctional, it may be forced to pause its bond selling programme.

What about the pound? The relief rally in global equity markets, and prospect for stabilization in the UK bond market, is fuel for a recovery in the UKcurrency. GBP/USD is back above $1.28 as risk appetite returns, but the big talking point is GBP/EUR which had suffered its biggest 5-day drop since 2020 and was trading near 1-year lows as traders flocked to the high-liquid appeal of the euro. The pair sharply went into reverse though and now today trading back above €1.17 following Trump’s capitulation to market forces.

More broadly, sterling is becoming increasingly sensitive to market risk. No longer is it being dubbed a tariff safe haven. It continues to fluctuate against most of its peers in line with broader market sentiment and due to the fact the UK will not come away unharmed by a global trade war and economic slowdown.

The direct effect of tariffs looks relatively small because Trump’s regime did not include services exports, which make up the majority of the UK’s nearly £900bn of annual exports. However, lower global demand will hit the already feeble UK economy, which has barely grown over the past six months.

S&P500 erases losses

Table: 7-day currency trends and trading ranges

Key global risk events

Calendar: April 7-11

All times are in BST

Have a question? [email protected]

*The FX rates published are provided by Convera’s Market Insights team for research purposes only. The rates have a unique source and may not align to any live exchange rates quoted on other sites. They are not an indication of actual buy/sell rates, or a financial offer.