What a wild ride Wednesday turned out to be for the markets! I mean, who would’ve thought European stocks would lead the charge after Germany unveiled a whopping €500 billion infrastructure plan? And just when you thought we could catch a break, Trump hints at tariff relief for automakers, sending shockwaves through the trading floor. It’s like watching a high-stakes poker game unfold, isn’t it? The dollar seemed to lose its cool as it slid across the board, while bond yields surged—proof that investors are ready to embrace a bit of risk despite the mixed bag of economic data we’re seeing. Ready to dive deeper into the market’s biggest movers and shakers from the past trading sessions? You might want to buckle up! LEARN MORE.The major assets staged a strong comeback on Wednesday, with European stocks leading the way after Germany unveiled a €500 billion infrastructure plan and Trump hinted at tariff relief for automakers.
The dollar slid across the board, while bond yields surged as investors moved away from safe havens and embraced risk despite mixed economic data.
Here’s a breakdown of the biggest moves and movers in the last trading sessions:
Headlines:
- AUD dips despite Australia’s solid Q4 growth as traders focus on trade risks
- Japan Jibun Bank Services PMI Final for February 2025: 53.7 (53.1 forecast; 53.0 previous)
- China Caixin services PMI for February: 51.4 (50.8 forecast, 51.0 previous)
- China sticks to “around 5%” growth target for 2025 as U.S. trade war looms
- RBNZ Gov. Adrian Orr resigned, Deputy Gov. Hawkesby will be the acting governor until March 31
- BOJ Deputy Governor Uchida remains hawkish but ruled out a March rate hike by saying it “wasn’t as if we would hike rates at every meeting”
- Swiss Inflation Rate for February 2025: 0.6% m/m (0.4% m/m forecast; -0.1% m/m previous); 0.3% y/y (0.2% y/y forecast; 0.4% y/y previous)
- Germany HCOB Services PMI Final for February 2025: 51.1 (52.2 forecast; 52.5 previous)
- Euro area HCOB Services PMI Final for February 2025: 50.6 (50.7 forecast; 51.3 previous)
- Euro area PPI for January 2025: 0.8% m/m (0.3% m/m forecast; 0.4% m/m previous); 1.8% y/y (1.3% y/y forecast; 0.0% y/y previous)
- Germany to ease government debt limits in major step aimed at boosting economy, defense spending
- U.S. crude oil inventories rose by 3.6M barrels in the week ending Feb 28 following a 2.3M-barrel draw in the previous week
- U.S. S&P Global Services PMI Final for February 2025: 51.0 (49.7 forecast; 52.9 previous)
- U.S. ISM Services PMI for February 2025: 53.5 (52.7 forecast; 52.8 previous); Employment Index rose to 53.9 vs. 52.3; Prices Index rose to 62.6 vs. 60.4 previous
- U.S. ADP Private-sector payrolls increased by 77,000 in February, down from a revised 186,000 in January
- Canada files formal complaint to WTO over U.S. tariffs
- Trump grants one-month exemption for US automakers from new tariffs on imports from Mexico, Canada
Broad Market Price Action:
Dollar Index, Gold, S&P 500, Oil, U.S. 10-yr Yield, Bitcoin Overlay Chart by TradingView
Markets roared back on Wednesday after President Trump signaled he might delay new tariffs on Canadian and Mexican auto imports for a month. That was a welcome relief for automakers like General Motors, Ford, and Stellantis, especially after direct talks between Trump and industry executives.
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