#MarketRebound

The market rebound is driven by optimism surrounding potential trade deal progress, particularly between the US and China. US stocks staged a strong rebound, erasing Monday's steep losses, after US Treasury Secretary Scott Bessent indicated a possible de-escalation in trade tensions. President Donald Trump also softened his stance on tariffs and Fed Chair Jerome Powell, boosting investor confidence.

*Key Market Movements:*

- *S&P 500*: Rose 2.51% to 5,287.76

- *Dow Jones Industrial Average*: Surged 1,016.57 points, or 2.66%, to 39,186.98

- *Nasdaq Composite Index*: Gained 2.71% to 16,300.42

- *Asian Markets*:

- *Nikkei 225*: Up 1.7% to 34,797.22

- *S&P/ASX 200*: Up 1.6% to 7,943.00

- *Hang Seng*: Added 1.7% to 21,927.92

*Factors Contributing to the Rebound:*

- *Trade Deal Optimism*: Potential progress in US-China trade talks

- *Fed Chair Comments*: Trump's indication that he won't fire Fed Chair Jerome Powell

- *Corporate Earnings*: Better-than-expected profit reports from major US companies

However, some analysts caution that the rebound may be fragile, citing low trading volumes and concerns about stagflation. The Flash April PMI data could also impact market sentiment, potentially reigniting concerns about inflation pressures and keeping the Fed on the sidelines.