Global Markets Update – Thursday, 24 April 2025
- NexxtGen Markets
- Apr 24
- 2 min read
Relief Rally or Mirage? Markets Rebound but Risks Remain 🌍📉💼
Here's your latest update from the team at NexxtGen Markets here in the City of London.
🌎 Global Equities: Relief or Reversal?
After recent volatility, global stock markets attempted a bounce-back. The S&P 500 rose 1.7% to close at 5,282.70 📈, the Dow Jones added 419 points (+1.08%) to settle at 39,142.23 🏛️, and the Nasdaq 100 posted a 2.5% gain, boosted by easing Fed fears and hopes of reduced China tariffs.
Over in Europe, the FTSE 100 gained 0.4% 🇬🇧 while Germany’s DAX (GER40) climbed 0.6% 🇩🇪, as earnings optimism started to resurface despite persistent macro uncertainty.
🪙 Crypto: Bitcoin Rockets 🔥
Bitcoin smashed through the $93,000 barrier, hitting a 2025 high as institutional inflows continued. BTC is now up over 35% YTD, buoyed by inflation hedging, reduced Fed hike expectations, and improved regulatory sentiment.
With market uncertainty mounting, investors are increasingly viewing crypto as a digital safe haven — though volatility remains a major factor.
💰 Commodities: Gold & Energy Surge
Gold remains firmly in the spotlight, trading near $3,500/oz after notching its 24th record high of the year. Growing fears of stagflation, trade disruptions, and central bank buying are fuelling the rally. Silver and platinum also edged higher, though Palladium saw modest declines.
Meanwhile, Oil continued its ascent with Brent crude at $91.75 (+0.9%) and WTI at $87.63, as supply concerns returned to the forefront. Natural Gas was volatile but ended the session slightly up at $2.33.
💹 Forex: Dollar Dips as Euro & Yen Gain Momentum 💱
The US Dollar Index fell 0.7% to 100.43, hitting a new 2025 low amid weakening Fed credibility and political noise.
EUR/USD rose to 1.0960, bolstered by better-than-expected PMIs. GBP/USD also firmed at 1.3385, while USD/JPY retreated toward 150.20, as safe-haven demand boosted the yen.
📈 Stocks to Watch: Netflix, Tesla & Boeing 🎯
Netflix (NFLX) gained 5% to hit a new all-time high of $1,040.34 📺, driven by content dominance and a bullish forecast from JPMorgan.
Tesla (TSLA) jumped 4.6% in after-hours trading despite weak earnings. Elon Musk teased a renewed focus on Tesla operations, which helped ease investor jitters amid tariff pressure and declining European market share.
Boeing (BA) remains in focus ahead of its earnings. The aerospace giant is down 7% over the past three months and continues to grapple with tariff-related uncertainty and geopolitical challenges.
📅 Coming Up Today
UK PMIs (9:30am GMT) – Manufacturing & Services expected to rise. 🇬🇧
US PMIs (2:45pm GMT) – Flash manufacturing forecast to ease slightly. 🇺🇸
US New Home Sales (3:00pm GMT) – March expected +2.9%. 🏠
US Crude Oil Inventories (3:30pm GMT) – Could impact Brent & WTI. 🛢️
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