Digest | 28 April 2025
- Edward von der Schmidt
- Apr 28
- 3 min read
Updated: May 16
A mixed session for equities belied latent geopolitical conflict as Treasuries rallied and the dollar weakened. With major earnings releases due throughout the week and the Federal Reserve in blackout, murky guidance and ongoing trade diplomacy will have to suffice for clarity ahead of Friday's employment report. Tensions simmered in Kashmir and the Middle East while territorial concessions held up any peace accord between Russia and Ukraine. In Congress, a difficult budget calculus will push GOP negotiations on comprehensive tax and spending legislation past Memorial Day and toward a debt ceiling deadline.