Trading Day began on a citrus note – or a strong, based on your stance on tariff – former President Trump announced through social media that he would impose one 25% tariff on Apple products not manufactured in America The market quickly replied: Apple shares declined for seventh straight sessionFalling from a peak On May 14 $ 213.94 from today $ 195.27A -8.73% decline,
Trump did not stop there. In a follow -up post, he proposed Flat 50% tariff on European UnionSet to start 1 JuneLater during the day, he confirmed his position, said, “I am not looking for a deal with the European Union. It’s set to 50%.” The message is clear-Tramp remains stable on tariffs, whether it targets foreign nations or America-based companies.
If the European Union verses, the additional growth may occur on the horizon. This reflects the pattern seen with China, where tariffs are at its peak 145% before being Temporarily reduced by 30% In form of 12 MayUnder 90-day dialogue windowThat clock is now standing.
Markets open less on news. Although equity was somewhat recovered intraday, they returned to the middle of the day’s boundary.
Closing Number – 23 May, 2025
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Dow Jones: -256.02 pts (-0.61%) at 41,603.07
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S&P 500: -39.29 PTS (-0.67%) at 5,802.82
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Nasdac Composite: -188.53 PTS (-1.00%) at 18,737.21
Weekly performance
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Dow: -2.47%
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S&P 500: -2.61%
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Nasdaq: -2.47%
The US Yield started the day and although reduced the day, some loan sales occurred in the US session (yield went more). The last value near the end of the week sees: “
- 2 years yield 3.993%, -0.6 basis points
- 5 -year yield 4.077%, -2.5 basis points
- 10 -year yield 4.509%, -4.4 basis points
- 30 -year yield 5.031%, -3.3 basis points.
For Trading Week, the yield curve is standing and with one
- 2 years yield unchanged
- 10 years yield is 6.4 base points
The yield of 30 years rose 12.7 base points faster (it is above 5.0%.
Today speaking policy makers gave the voice of caution:
- Chicago Fed President. Speaking at the CNBC, Auston Goolsbee emphasized that businesses are demanding stability in the policy amidst the uncertainty made by rapidly changing tariffs – especially the proposed 50% of the proposed 50% of the proposed 50% of the proposed 50% of the European Union tariffs as a disruptive and dangerous growth for supply chains. He referred to the growing concern among the firms about inflation pressure arising from ongoing tariff announcements and warned that such steps could result in the worst situation for a central bank. Goolsbee emphasized the importance of waiting for clear data before acting, accepting that the current policies could have an impact in speed, but may not yet be seen in economic reports. Although he still believes that the US economy is fundamentally strong, he indicated that his previous forecast to cut rates by the end of the year could now be a delay of up to 16 months due to uncertainty.
- St. Louis Fed President. Musalem warned that the fed is closely monitoring that short -term inflation expectations may leak in long -term approaches, a dynamic. They are eager to escape. He said that businesses are already expecting high input and output prices and struggling to manage rising uncertainty. While GDP is currently close to its capacity, inflation remains above the target. The Muslim also emphasized that the present environment is different from the era of epidemic, saying that the possibility of cutting a near-term fed rate is low-in one of the five.
- Finally, the Census City Federal Reserve President. Jeffrey Shamid emphasized that the current uncertainty is being conducted by tariffs running to a large extent. He said that there will be more weight on the fed Rigid figure Instead of forecasting the interest rate, take care against the overraction Soft -dettaSchmid also highlighted the need to focus on its future use carefully Balance letterHe admitted that the markets have already paid the price 83 base point of rate cut In the coming year.
Fed – Like businesses – Trump is struggling with uncertainty from administration and their policy works.
The US dollar will reduce all major currency pairs with the largest mover against NZD /1.44%) and AUDUSD (-1.31%).
Greenback also fell close to 1%vs. JPY (-1.0%), CHF (-0.93%), and CAD (-0.93%).
For trading week, dollar weak versus also as all major currencies ::
- EUR: -1.81%
- JPY, -2.13%
- GBP, -1.99%
- CHF -1.93%
- CAD -1.69%
- AUD, -1.47%
- NZD, -1.82%
Looking at other markets:
- Crude oil fell marginally -0.29% this week
- Gold increased by 4.82% with its biggest weekly benefits since 7 April
- Bitcoin increased from $ 106,520 to $ 108,234
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