Digest | 16 April 2025
- Edward von der Schmidt
- Apr 16
- 4 min read
Updated: Apr 21
Technology-sector weakness and an unmoved Federal Reserve Chair facilitated equity losses on Wednesday as banks continued to profit from market volatility. With no reprieve from trade headlines or boost from hoped-for prospects of Fed easing, dollar selling dovetailed with another record high in gold, which had its best daily performance in five years. Safe haven currencies and assets rallied, bringing Treasuries with them. Robust growth figures from China and retail sales data in the US offered little comfort in the face of tariff-driven uncertainty.