Author: Euronews
Published on: 23/04/2025 | 00:00:00
AI Summary:
Stocks rebounded, the US dollar strengthened, and gold prices retreated as investor sentiment improved. President Trump said tariffs on China would be reduced “substantially” though “they won’t be zero” Trump said he had “no intention” of firing Fed Chair Jerome Powell. Hong Kong’s Hang Seng Index was up 2.4%, Japan’s Nikkei 225 rose 1.91%, South Korea’s Kospi climbed 1.54%, and Australia’s ASX 200 rallied 1.41%. The US dollar index surged by more than 1% to 99.25, recovering from a three-year low just above 98. Haven currencies such as the euro, Swiss franc, and Japanese yen weakened against the dollar. Notably, the EUR/USD
Original: 604 words
Summary: 102 words
Percent reduction: 83.11%
Then the markets are stupid and rigged.
Instability and uncertainty should not cause gains.