From Yahoo Finance: 2025-04-28 06:52:00

As U.S. markets calm down after a volatile April, Treasury Secretary Scott Bessent denies Trump’s claim of tariff talks with China. Trump urges Russia to stop attacks in Ukraine. Canadian prosecutors charge a Vancouver resident with murder. Economists warn of global recession risk. Euro’s surge impacts European earnings.

Wall Street rallies on U.S.-China trade war de-escalation signs. Anxiety remains as major economic concerns persist. Stock index futures slightly down ahead of Monday’s open. Trump’s first 100 days’ impact on real economy to be marked Wednesday. Risk of negative growth print in GDP estimate.

Corporate earnings reports continue this week. Labor market and employment reports due by Friday. Inflation readings expected to be benign. U.S. bond markets monitor Treasury’s funding estimates. Dollar index firm, Canadian dollar weak. Japan resists interest rate hike amidst tariff uncertainty.

GDPNow model shows potential GDP contraction for first quarter. Economic forecasters predict modest expansion. First quarter GDP contraction could signal technical recession risk. Events to watch: Election in Canada, Dallas Fed manufacturing survey, ECB Annual Report, U.S. corporate earnings, and Treasury borrowing estimate.

Read more: The toll from Trump’s tariffs