EUR/USD
1.13649
-0.190%
Gold
3301.94
-0.461%
Oil
59.386
-0.875%
USD/JPY
142.856
0.377%
GBP/USD
1.33425
-0.480%
GBP/JPY
190.615
-0.060%
Real-time News
Nasdaq futures fell 2%, Dow futures fell 0.85%, and the S&P 500 fell 1.45%.On April 30, Peter Andersen, founder of Anderson Capital Management, said that the U.S. economic contraction should not be surprising, but the market behaved as if it was. During this period, Trump is trying to get the market to accept his tariff policy through negotiations, which makes modeling, forecasting, etc. extremely difficult. When the market cannot make reasonable predictions, it tends to turn to a pessimistic interpretation of things.The pan-European Stoxx 600 banks index fell 3%, on track for its biggest one-day drop since April 9.The CBOE Volatility Index, the most-anticipated near-term volatility gauge, rose following the release of the U.S. GDP data, rising 2.18 points on the day to 26.35.U.S. economic growth slowed sharply in the first quarter of 2025 as businesses stockpiled goods before President Trumps sweeping tariffs took effect. Still, economists warned that the report may not fully reflect economic growth, noting that the data could be noisy due to a surge in imports as companies try to get ahead of tariffs. Economists note that increased imports may appear to slow economic growth, but that doesnt tell the whole story. "There has never been a recession caused by imports," wrote Michael Pierce, deputy chief U.S. economist at Oxford Economics. "While imports are recorded as a subtraction from GDP, imports appear as offsetting positive growth in other ways, such as increases in consumption or business investment, or are recorded as increases in inventories."
