Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
Asian Stocks Fall as Bond Yields Surge Ahead of Trump-Xi Summit 
Canadian Dollar Faces Pressure as Fed-BoC Policy Gap Widens 
Dollar Falls as Oil Eases, Yen Jumps on Intervention Signals 
RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
European Stocks Fall as Bond Yields and Geopolitical Risks Weigh 
China Agrees to Buy 20 Million Tons of U.S. Coal 
Asian Currencies Mixed as Dollar Holds Near Two-Month High 
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
Oil Prices Fall on U.S.-Iran Hormuz Deal Hopes 
Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
Gold Prices Fall as Treasury Yields Rise on Fed Rate Hike Bets 
Dollar Holds Near Two-Month High as Yen Approaches 160 
Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
Mexico-US Trade Talks Delayed to October as Tariff Negotiations Continue 
Japanese Yen Rebounds as Trump Flags Currency Weakness 
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China’s exports surged 8.1% year-on-year in April, significantly exceeding forecasts of 1.9%, despite escalating trade tensions with the U.S. While slower than March’s 12.4% growth, the figure highlights the limited impact of the ongoing tariff war on outbound trade volumes.
Imports also outperformed expectations, contracting less than anticipated, signaling steady domestic demand despite Beijing’s 125% retaliatory tariffs on U.S. goods. The resilience comes after the U.S. imposed a 145% tariff on Chinese imports in April, escalating the trade standoff.
China’s trade surplus narrowed to $96.18 billion from $102.64 billion in March, below the projected $97 billion. This contraction suggests diminishing monetary gains from exports, with Chinese exporters likely absorbing some tariff costs or rerouting shipments at reduced prices.
The robust export figures are supported in part by a sharp devaluation of the yuan, which boosted competitiveness, and by both nations exempting key goods from tariff hikes—particularly electronics and select industrial inputs.
The latest trade data precedes high-stakes negotiations between U.S. and Chinese officials this weekend. President Trump recently signaled a willingness to reduce tariffs to 50% if talks progress favorably. In response, China’s top trade official, Vice Minister Chunying Hua, stated that U.S. tariffs were unsustainable and reaffirmed Beijing’s readiness for all potential outcomes.
Despite rising protectionism, China’s trade performance in April suggests both resilience and strategic policy maneuvering amid geopolitical uncertainty. Market watchers now await the outcome of trade talks, which could reshape the global trade outlook in the coming months.
