Mon, 14 Apr 2025

Mon, 14 Apr 2025 US stock markets rise on Trump tariff rollback

The US president exempts some Chinese goods such as smartphones from levies but says it is temporary.

* US stock markets rose on Monday: + Dow Jones Industrial Average: up 0.64% + S&P 500: up 0.79% + Nasdaq index: up 0.78%
* Apple's share price jumped by: + 5% in early trading + Settled at 2.2% higher
* Other companies that rose include: + Chip maker ASML: up + Tech firm Dell: up
* European stock markets also rose: + UK's FTSE 100: up 2.1% + Main stock indexes in France and Germany: both climbed
* Despite the partial rebound, global stock markets are still lower than before Trump's tariffs announcement on April 2.
* The US dollar fell against the British pound by: + 0.8% on Monday + 2.8% since Thursday
* Bond market appeared stable with a key interest rate on US government debt at: + 4.4%, down from earlier highs but still higher than before April 2.
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