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 This episode of Macro Mondays aired live at 12:30pm on Monday, the 7th of April, 2025. Join us LIVE every Monday at 12:30 PM UK time for Macro Mondays with James Brodie and James Todd, where we break down the biggest financial market moves and what’s coming next! 🔥

🔥 Key topics today: 
✅ Trump's extreme tariffs wreak havoc to markets 
✅ Asian equities suffer biggest 1-day losses since financial crisis 
✅ Brent falls over 15% in 4 days 
✅ Gold also falls as funds are forced to liquidate even profitable position 

📊 Major data releases this week: 
📅 Tuesday – Australian consumer & business confidence
📅 Wednesday - US mortgage applications & Fed minutes 
📅 Thursday – US CPI & Chinese inflation data 
📅 Friday – US PPI & UMich consumer sentiment, UK ind prod 

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Chapters for this episode are:

0:00 Introduction & key topics

1:40 US equity Friday volume highest of all time

5:15 Tariffs: What's next?

6:58 Nasdaq breaks key support levels

7:25 S&P 500 enters bear market

8:01 Everyone expects U.S. equities to fall

10:19 A similar breakdown in the correlation

12:31 US 2-year breaks 3.50% support

13:27 US 10-year breaks 4.10% support

14:00 2s 10s curve steepening

14:23 USDJPY ‘risk-off’ selling

19:53 Very weak US ISM data

21:10 Mixed US jobs data

22:10 US bankruptcies rising even before tariffs

24:06 Credit spreads breaking higher

24:30 German CPI below expectations

25:15 German business confidence rises

26:00 European stocks off

29:49 GBPJPY breaks key support

30:21 Brent breaks key $69 level

34:09 Copper sharply lower

34:47 Gold should rise on mkt concerns

36:45 Bitcoin falls hard over weekend

37:55 Central Bank OIS pricing for the next 12 months

38:55 Key data releases this week & outro

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