Afternoon News Update April 30, 2025: Global Economy, Stock Market, Tariffs, and Geopolitical Headlines"

Global Economic Update

U.S. Economy Likely Stalls in Q1

Import stockpiling ahead of tariffs contributed to a probable contraction in U.S. GDP for the first quarter of 2025.

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China’s Factory Activity Contracts Sharply

China’s manufacturing PMI fell at its fastest clip in 16 months, reflecting weaker demand both domestically and abroad.

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Thailand Rate Cut Expected Today

The Bank of Thailand is widely anticipated to cut its key rate by 25 basis points to support a slowing economy.

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Financial Markets

SocGen Tops Q1 Forecasts

Societe Generale exceeded expectations as retail and equities trading rebounded strongly in the first quarter.

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Barclays Raises Full-Year Guidance

Barclays reported a 19% rise in Q1 profits and lifted its income forecast, despite setting aside charges for potential tariff losses.

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Geopolitical Developments

Ghana Orders Foreigners Out of Gold Market

To preserve local control, Ghana has mandated that foreign participants exit its gold trading market by month-end.

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Canada Holds Federal Election

Canadians vote in a high-stakes election influenced by recent trade tensions with the U.S. and domestic economic concerns.

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Technology & Business

Siltronic Cuts Margin Guidance

German semiconductor producer Siltronic trimmed its profit margin target but upheld its full-year sales outlook.

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MediaTek Stalls Full-Year Outlook

MediaTek said it cannot issue a full-year forecast due to ongoing tariff uncertainties affecting its supply chain.

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Coca-Cola Manages Through Tariffs

Coca-Cola reported stronger-than-expected Q1 profits and stated it can absorb the impact of U.S. tariffs on its business.

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Regional Highlight

Vietnam War 50th Anniversary Celebrations

Hundreds of thousands gathered in Vietnam to commemorate half a century since the end of the Vietnam War.

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China’s Export Orders Dip

New U.S. tariffs contributed to a decline in China’s export orders during April, signaling pressure on external demand.

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