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Opening: US stocks opened slightly higher on Monday. This week the market focuses on Earnings Reports and economic data.
On the evening of April 28, Peking time, U.S. stocks opened slightly higher on Monday. Over 180 S&P component stocks, including Microsoft, Apple, Amazon, and Meta, will release their Earnings Reports this week. Important data such as non-farm employment and GDP will also be released this week. Investors continue to pay attention to the progress of trade negotiations. China has once again clarified that there are no negotiations or discussions on tariff issues between China and the U.S.
U.S. stock index futures slightly lower as the busiest week of Earnings Reports season approaches | Highlights for tonight.
①IBM plans to invest 150 billion USD in the USA over the next five years; ②MicroStrategy increased its shareholding by 15,355 Bitcoins last week; ③Rating agencies have downgraded the outlook for US ports to negative; ④Reports: Tencent, Alibaba, and ByteDance are scrambling to purchase computing power resources.
The U.S. Treasury's quarterly "debt issuance" plan will be announced this week, and analysts expect Bessenet to "seek stability."
Wall Street expects Bessent to adopt a safe strategy for the issuance plan of U.S. Treasury bonds following the market turmoil.
Fed Factions Are Split On Rate Cut Need -- Market Talk
Morgan Stanley is bullish on US stocks against the trend: a weaker dollar will boost corporate profits.
Michael Wilson, chief USA Stocks strategist at Morgan Stanley, stated that a weak dollar will support USA corporate profits, helping USA Stocks outperform Other global markets.
US Dollar Mixed Early Monday, Focus on Q1 GDP, April Employment Report
WolfOnZodiacStreet OP : The dominance of the US dollar is faltering! Global de-dollarization is accelerating, and the euro and Gold have become the new favorites.