The financial markets this week were dominated by trade negotiations, corporate earnings, and key economic data releases. Gold prices saw volatility as markets reacted to US-China trade talk uncertainties and later to positive trade progress hints. Equity markets were mixed, with the S&P 500 struggling despite a late-week recovery, while the Nasdaq surged on strong earnings from Big Tech. Currency markets were influenced by central bank decisions and trade policies, with GBP/USD reaching multi-year highs and USD/JPY climbing on BoJ inaction. Cryptocurrencies remained resilient, with Bitcoin maintaining stability amid broader risk-on sentiment. Economic indicators painted a mixed picture, with robust hiring data offset by a contraction in Q1 GDP, highlighting ongoing economic uncertainties.
Financial Markets Weekly Recap
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