Real Vision: Finance & Investing China Trade Talks, Eurozone Inflation, and U.S. Jobs Anticipation: PALvatar Market Recap, May 02 2025
May 2, 2025
Optimism brews as the U.S. non-farm payrolls take center stage, hinting at market volatility. China's readiness to revive trade talks uplifts global equities. Eurozone inflation remains steady, and unemployment rates hit record lows. Additionally, manufacturing shows promising signs, while tech giants Apple and Amazon exceed earnings expectations, albeit with tariff concerns. Meanwhile, Bitcoin climbs toward the coveted $100K mark, keeping investors on their toes.
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China Trade Talks Boost Markets
- Global equities rose on optimism after China announced readiness to restart trade talks with the US.
- This development had a positive impact despite mainland Chinese markets being closed for a holiday.
Tech Giants Beat Earnings, Warn Risks
- Apple and Amazon beat revenue and profit expectations.
- Both companies warned of potential tariff risks ahead which may affect future performance.
Eurozone Inflation and Manufacturing
- Eurozone inflation held steady at 2.2% in April, slightly above expectations but near ECB target.
- Manufacturing output grew at the fastest rate in over three years despite contraction in overall factory activity.