Morning Report 24 Apr 25: Wall Street ends higher on hopes of trade war de-escalation

Wall Street surged overnight as investor sentiment improved following President Trump's softened stance on trade, fueling hopes for a deal with China. Technology stocks led the rally, with notable gains across the sector. Tesla shares rose after Elon Musk signalled a pullback from DOGE-related activity, while Boeing reported a smaller-than-expected loss despite ongoing trade war concerns. US bond yields were mixed amid Trump's latest pivot on the Federal Reserve and tariffs, while the US dollar rebounded as the White House moved to ease tensions with China. In commodities, oil prices retreated more than 2%, and gold slid as demand for safe-haven assets waned. Closer to home, futures point to a flat start for the ASX, following yesterday’s gains. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.

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