Global markets focus on strong corporate earnings amid US-China trade tensions

From Yahoo Finance: 2025-04-25 00:32:00

Global markets are focused on upbeat corporate results amid Trump’s trade war with China. European stock markets are set for a higher open. Google parent Alphabet, Nestle, and Merck report positive sales and profits. Asian shares rise, with Japan’s Nikkei up over 2%. U.S. dollar strengthens, signaling a continued rally.

Expectations rise for trade deals with major partners as Trump’s tariffs are suspended for 90 days. Talks with China are disputed. China may suspend tariffs on some U.S. imports. Earnings forecasts are cut by companies like Fanuc, Procter & Gamble, and PepsiCo. Russia-Ukraine conflict escalates. Economic data calendars are light.

Key developments on Friday include Canada retail sales, U.S. earnings reports from AbbVie, Phillips 66, and Schlumberger, and the University of Michigan survey. France and Britain release business and retail sales reports. Swedish defence firm SAAB reports first-quarter results. Stay informed with Tariff Watch for market-moving news.



Read more at Yahoo Finance: Focus on earnings while US and China quibble