Morning Economic Report 5-1-25

All bourses steady up on US tariff deals promises and a China TV report that the US has reached out in negotiation. Participants are limited as much of the East and Europe is closed due to May Day. BoJ keeps rates unchanged and the mixed rhetoric from the press conference leaves markets none the wiser. The Nasdaq takes a hike, marching S&P and Dow higher as Microsoft and META earnings beat expectation with their shares rallying over 5% after market. But with GDP down, PCE up and ADP employment lower, stagnation opinion pieces find copy on US economy. DAX +0.87%, CAC +1.34%, FTSE -0.33%, Euro STOXX600 +0.51%. JPY pressured after BoJ decision and the USD fares a little better, DXY 99.84. Gold 3221. BTC $95,750.