{"id":57935,"date":"2025-04-09T11:04:44","date_gmt":"2025-04-09T11:04:44","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=57935"},"modified":"2025-04-09T11:04:44","modified_gmt":"2025-04-09T11:04:44","slug":"morning-market-update-09-04-2025","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=57935","title":{"rendered":"Morning Market Update | 09.04.2025"},"content":{"rendered":"<p>\ud83c\udf10 Markets are under pressure again as sweeping <strong>104% tariffs on Chinese imports<\/strong> officially take effect today (U.S. Eastern\u00a0Time).<\/p>\n<p>\ud83d\udeab Hopes for a last-minute move from Beijing have faded\u200a\u2014\u200aChina remains firm in the face of Trump\u2019s aggressive trade\u00a0policy.<\/p>\n<p>\ud83d\udcc9 <strong>US stock futures<\/strong> are down <strong>2.00%<\/strong>, nearing Monday\u2019s lows.<br \/> \ud83d\udcb5 <strong>USD Index<\/strong> down <strong>0.70%<\/strong>,<br \/> \ud83e\ude99 <strong>Gold<\/strong> is shining again, up <strong>1.20%<\/strong> to <strong>$3,020\/oz<\/strong>.<\/p>\n<p>\ud83d\udcc9 Asia-Pacific indices are in the red (-1.5% to -3.0%),<br \/> \ud83d\udcc8 but <strong>Chinese CFDs<\/strong> are rebounding by <strong>2.0\u20133.0%<\/strong>.<br \/> \ud83d\udca1 <em>Note:<\/em> Cash indices in China are still down <strong>1.5\u20132.0%<\/strong>.<\/p>\n<p>\ud83d\udcb4 <strong>PBOC<\/strong> has set the lowest yuan rate since 2007, allowing gradual depreciation to cushion the tariff\u00a0blow.<\/p>\n<p>\ud83d\udc8a <strong>Trump<\/strong> says the long-awaited <strong>tariff on pharma products<\/strong> is \u201ccrucial\u201d and <em>inevitable<\/em>.<br \/> \u26a0\ufe0f He accuses China of <em>manipulating the yuan<\/em> to stay competitive.<\/p>\n<p>\ud83c\uddef\ud83c\uddf5 <strong>BoJ Governor Ueda<\/strong> remains cautious\u200a\u2014\u200aJapan is <em>waiting to assess the full impact<\/em>.<br \/> \ud83e\udd1d Tokyo prepares for direct talks with U.S. officials.<\/p>\n<p>\ud83c\udfe6 <strong>RBNZ<\/strong> cuts rates by <strong>25 bps to 3.5%<\/strong>, citing rising global uncertainty.<br \/> \ud83d\udcc9 More rate cuts may follow if trade tensions\u00a0worsen.<\/p>\n<p>\ud83d\ude97 <strong>South Korea<\/strong> answers back\u200a\u2014\u200alaunching support for its auto sector after the U.S. imposed a <strong>25% vehicle tariff<\/strong>.<br \/> \ud83d\udcc9 Car purchase tax cut from <strong>5% \u2192 3.5%<\/strong> (till mid-2025)<br \/> \ud83d\udd0b EV subsidies boosted to <strong>30\u201380%<\/strong> (till year-end).<\/p>\n<p>\ud83d\udcb0 <strong>Fitch Ratings<\/strong> says tariffs might add <strong>$800B<\/strong> to U.S. revenues short-term,<br \/> \ud83d\udcc9 but warns of long-term damage: higher costs \u2192 weaker spending &amp; investment \u2192 slower\u00a0growth.<\/p>\n<p><a href=\"https:\/\/medium.com\/coinmonks\/morning-market-update-09-04-2025-e8ba1fb376a1\">\ud83d\udcca Morning Market Update | 09.04.2025<\/a> was originally published in <a href=\"https:\/\/medium.com\/coinmonks\">Coinmonks<\/a> on Medium, where people are continuing the conversation by highlighting and responding to this story.<\/p>","protected":false},"excerpt":{"rendered":"<p>\ud83c\udf10 Markets are under pressure again as sweeping 104% tariffs on Chinese imports officially take effect today (U.S. Eastern\u00a0Time). \ud83d\udeab Hopes for a last-minute move from Beijing have faded\u200a\u2014\u200aChina remains firm in the face of Trump\u2019s aggressive trade\u00a0policy. \ud83d\udcc9 US stock futures are down 2.00%, nearing Monday\u2019s lows. \ud83d\udcb5 USD Index down 0.70%, \ud83e\ude99 Gold [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-57935","post","type-post","status-publish","format-standard","hentry","category-interesting"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/57935"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=57935"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/57935\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=57935"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=57935"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=57935"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}