Stock Indices Rise on Positive US-Japan Talks Ahead of ECB Meet
From Investing.com: 2025-04-17 04:33:00
Asian stocks rose slightly on Thursday as traders evaluated trade talks between the U.S. and Japan, while concerns over Trump’s tariffs kept the mood cautious. Fed Chair Jerome Powell gave a hawkish message, projecting higher inflation and a weaker job market due to tariffs. Gold prices dipped to $3325/oz amid profit taking. Oil rose after Trump vowed to cut Iran’s oil exports to zero. Taiwan Semiconductor’s net income jumped 60.3%, but Trump’s trade policies pose challenges. The ECB meeting and U.S. retail sales data are key events today. Crude oil prices broke resistance, but global dynamics may limit further gains.
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