Digest | 27 May 2025
- Edward von der Schmidt
- May 28
- 4 min read
A deescalation of trade hostilities bolstered equity indices on Tuesday as US markets reopened; the S&P 500 rallied 2.1%. Meanwhile, gold lingered near two-week highs and Treasury yields settled lower as longer-dated sovereign debt stabilized. Trade diplomacy took center stage and contributed to resurgent consumer confidence in the US as a ceasefire in Ukraine remained out of reach. With the Senate deliberating changes to budget legislation passed by the House, major technology earnings and the latest FOMC minutes from the Fed's May meeting will headline Wednesday's releases.