Today's Finance News: Markets, Crypto, Fed & More (April 28, 2025)
Last updated: April 28, 2025
Key Takeaways: U.S. markets mixed amid tech earnings | Bitcoin holds $60K | Fed meeting this week | Tesla surges on China FSD approval | Amazon beats earnings.
1. Stock Markets Update
- U.S. Markets Mixed: The S&P 500 and Nasdaq saw slight gains amid strong tech earnings, while the Dow Jones dipped due to inflation concerns.
- Asian Markets Rally: Japan's Nikkei surged over 1% after the Bank of Japan kept rates unchanged. China's markets rebounded on stimulus hopes.
2. Cryptocurrency Movements
- Bitcoin Holds Above $60K: BTC remains steady around $61,000 as institutional interest grows.
- Ethereum Tests $3,200: ETH gains ahead of key protocol upgrades.
- Regulatory News: The U.S. SEC is reportedly close to a decision on Ethereum ETF applications.
3. Central Banks & Economy
- Fed Meeting This Week: Investors await the Federal Reserve's May 1 decision for hints on rate cuts amid sticky inflation.
- Eurozone Inflation Cools: Preliminary April CPI shows inflation at 2.4% (down from 2.9% in March), boosting hopes for ECB rate cuts.
4. Major Corporate Updates
- Tesla's China Breakthrough: TSLA shares up 5% after securing FSD approval in China.
- Amazon Earnings Beat: AMZN reported strong Q1 results, driven by AWS growth and retail sales.
5. Commodities & Forex
- Oil Prices Dip: Brent crude fell to $87/barrel amid easing Middle East tensions.
- Dollar Strengthens: The U.S. Dollar Index (DXY) rose as investors sought safe-haven assets.
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