From Yahoo Finance: 2025-04-29 06:40:00

Global markets are calmer this week, awaiting U.S. economic reports and corporate updates. Trade war fears ease as Trump administration plans to reduce automotive tariffs. BP reports a 48% drop in net profit, HSBC warns of trade war fallout. Canadian PM Carney wins election, signaling shift in U.S.-Canada relationship.

Washington appears to be easing tensions with trade partners, potentially leading to bilateral deals. Treasuries rally as U.S. government projects higher borrowing, despite positive economic surprises. Canadian dollar holds firm as Carney’s Liberal Party wins. Stocks react positively as fears of trade war fallout subside.

HSBC and Deutsche Bank report earnings, with HSBC launching a $3 billion share buyback. BP shares drop after reporting lower profits. Market attention in Europe shifts to earnings reports. U.S. corporate earnings include Pfizer, Visa, Coca-Cola, and more. U.S. and global markets await economic data releases and corporate updates.

Read more: Trade fears ebb, Canada’s Carney returns