Morning Economic Report 4-23-25

Nerves have been calmed as Donald Trump has reportedly no intention to fire the Fed chair, he merely wants to see lower interest rates. US Treasury Secretary hopes for a de-escalation in the US-China trade tension. Euro zone February trade surplus stood at €24 billion, higher than in the corresponding month of 2024. HCOB preliminary composite euro zone PMI, compiled by S&P Global, retreated to 50.1 in April as business sentiment sours. European equities are climbing higher, so is the dollar, whilst gold is on the retreat.