Relief rally stutters as markets take stock of Trump's U-turns

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SINGAPORE: Stocks drifted on Thursday and a rebound in the dollar lost traction as investors tried to sift through the noise from the Trump administration and its fickle stance on tariffs and the Federal Reserve's leadership.

"I think that's Trump - he wants to try and find the right levers to pull, and I don't think he's scared of trying something, and I don't think he's scared of walking it back if it doesn't work".

Longer-dated Treasuries steadied as Trump's reversal on Powell seemed to ease the threat to U.S.monetary and fiscal credibility, with the 30-year yield little changed at 4.7980%.

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Category: EconomyBusiness

Markets: MalaysiaChinaHong KongJapanSingaporeUnited States

Topics: Securities Markets /Business/Business News Equities Trading Stock Asia

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-24 @ 11:17:00 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

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Copyright Owner: © The Star

News ID: 28182070

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