{"id":11465,"date":"2025-04-29T08:57:38","date_gmt":"2025-04-29T08:57:38","guid":{"rendered":"https:\/\/sib.co.ke\/reports\/?p=11465"},"modified":"2025-04-30T09:24:31","modified_gmt":"2025-04-30T09:24:31","slug":"sib-global-markets-weekly-market-brief-29-apr-2025","status":"publish","type":"post","link":"https:\/\/sib.co.ke\/reports\/sib-global-markets-weekly-market-brief-29-apr-2025\/","title":{"rendered":"SIB GLOBAL MARKETS WEEKLY MARKET BRIEF | 29 Apr 2025"},"content":{"rendered":"\n
SIB Weekly GM Brief 29 Apr 2025<\/a>Download<\/a><\/div>\n\n\n\n

Highlights:<\/h4>\n\n\n\n

The way to make the markets cheerful about a 10% tariff is to start from a 245% tariff rate. U.S. equities surged during the week, with the S&P 500 advancing by over 4.5% and the Nasdaq Composite gaining 6.43% from the previous week\u2019s close. Several reports emerged within the week indicating that the ongoing trade tensions between the U.S. and China could be de-escalating. Similarly, President Trump\u2019s apparent walking back of earlier threats to fire the Fed Chair Jerome Powell added to the optimism in the markets boosting expectations that the worst-case scenario may be avoidable. In addition to this, a slew of better-than-expected corporate earnings releases added on to the positive sentiment as 73% of the companies that had reported first-quarter results through Friday morning had beaten earnings expectations. The positive cheer was mirrored in Europe as the pan-European Euro Stoxx 600 was up 3.76% in the week. European Central Bank (ECB) Chief Economist Philip Lane told Bloomberg News that tariff uncertainty would curb economic growth, but a recession was unlikely given the bloc\u2019s diversified trading relationships. However, the German government cut its growth forecast and now expects stagnations as opposed to the 0.3% expansion expected in January in light of the impact of the U.S. trade tariffs on the export-focused nation. Meanwhile, mainland Chinese stock market advanced for the week as expectations were high that the government would roll out more stimulus measures to cushion China\u2019s economy from the impact of the U.S. tariffs. On Friday, China\u2019s Politburo\u2014the ruling Communist Party\u2019s 24-member executive policymaking body\u2014said it would \u201cfully prepare\u201d emergency plans in response to external shocks.<\/p>\n\n\n\n

Data highlights:<\/h4>\n\n\n\n

In Canada, retail sales YoY in February was reported at 4.7% lower than the 5.3% reported previously. In the Eurozone, the government debt to GDP ratio was at 87.4% in 2024, a slight increase compared to 87.3% in 2023. The balance of trade February 2025 report showed a \u20ac24 billion surplus in trade in goods with the rest of the world. An increase compared to \u20ac21.7 billion in February 2024. Retail sales YoY in the UK, grew to 2.6% in March from a revised 1.8% in February. This was higher than the 1.8% expectation by analysts.<\/p>\n\n\n\n

Week ahead:<\/h4>\n\n\n\n

Japan Retail Sales YoY, Australia Inflation Rate YoY, Eurozone GDP Growth Rate YoY, U.S GDP Growth Rate Q1 – Wednesday | Japan BOJ Interest Rate Decision \u2013 Thursday | Eurozone Unemployment Rate, U.S Non-Farm Payroll \u2013 Friday<\/p>\n\n\n\n

<\/p>\n\n\n\n

SIB Weekly GM Brief 29 Apr 2025<\/a>Download<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Highlights: The way to make the markets cheerful about a 10% tariff is to start from a 245% tariff rate. U.S. equities surged during the week, with the S&P 500 advancing by over 4.5% and the Nasdaq Composite gaining 6.43% from the previous week\u2019s close. Several reports emerged within the week indicating that the ongoing…<\/p>\n","protected":false},"author":3,"featured_media":11164,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"footnotes":""},"categories":[172,1],"tags":[180,181,169,118,182,116,139],"class_list":["post-11465","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-global-markets-reports","category-weekly-reports","tag-china","tag-euro-stoxx","tag-european-central-bank","tag-fed","tag-philip-lane","tag-sp-500","tag-trump"],"yoast_head":"\nSIB GLOBAL MARKETS WEEKLY MARKET BRIEF | 29 Apr 2025 - Standard Investment Bank<\/title>\n<meta name=\"description\" content=\"President Trump\u2019s apparent walking back of earlier threats to fire the Fed Chair Jerome Powell added to the optimism in the markets boosting expectations that the worst-case scenario may be avoidable.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sib.co.ke\/reports\/sib-global-markets-weekly-market-brief-29-apr-2025\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SIB GLOBAL MARKETS WEEKLY MARKET BRIEF | 29 Apr 2025\" \/>\n<meta property=\"og:description\" content=\"President Trump\u2019s apparent walking back of earlier threats to fire the Fed Chair Jerome Powell added to the optimism in the markets boosting expectations that the worst-case scenario may be avoidable.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/sib.co.ke\/reports\/sib-global-markets-weekly-market-brief-29-apr-2025\/\" \/>\n<meta property=\"og:site_name\" content=\"Standard Investment Bank\" \/>\n<meta property=\"article:published_time\" content=\"2025-04-29T08:57:38+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-04-30T09:24:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2024\/05\/SIB-Weekly-Global-Markets-Report.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Egla\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"SIB GLOBAL MARKETS WEEKLY MARKET BRIEF | 29 Apr 2025\" \/>\n<meta name=\"twitter:description\" content=\"President Trump\u2019s apparent walking back of earlier threats to fire the Fed Chair Jerome Powell added to the optimism in the markets boosting expectations that the worst-case scenario may be avoidable.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2024\/05\/SIB-Weekly-Global-Markets-Report.png\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Egla\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/sib.co.ke\/reports\/sib-global-markets-weekly-market-brief-29-apr-2025\/\",\"url\":\"https:\/\/sib.co.ke\/reports\/sib-global-markets-weekly-market-brief-29-apr-2025\/\",\"name\":\"SIB GLOBAL MARKETS WEEKLY MARKET BRIEF | 29 Apr 2025 - 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