Treasury Secretary Scott Bessent Says It's Up To China To 'De-Escalate' Trade Tensions, India To Be The 'First Trade Deal' To Be Signed

BenzingaApr 28 09:48 ET

U.S. Futures Rise, European Stocks Mostly Up

Dow Jones03:36 ET

A JPMorgan survey indicates that the S&P 500 Index has peaked this year, but investors remain bullish on the Magnificent 7.

① A JPMorgan survey shows that 93% of investors believe the S&P 500 Index will hover around 6000 points or lower in the next 12 months, with 40% expecting it to remain within the 5000-5500 points Range; ② Respondents unanimously believe that trade wars and tariff uncertainties will trigger economic consequences, with 61% expecting the USA economy to face stagflation in the next 12 months.

cls.cn22:03 ET

Market Update | Most Autos stocks rose, NIO increased by over 5%, Li Auto grew by 2%, and Trump plans measures to mitigate the impact of car tariffs.

According to market news, President Trump of the USA will announce measures on Tuesday (April 29) to mitigate the impact of auto tariffs.

Zhitong Finance21:40 ET

The sell-off is not over yet! USA Assets are still being "disdained" by overseas investors…

① According to data provided by Deutsche Bank, despite the market recovering over the past week, foreign investors' willingness to invest in USA assets continues to decline; ② Deutsche Bank's Forex research director George Saravelos believes that the recent data on USA capital flows is concerning.

cls.cn20:56 ET

U.S. Treasury Secretary: Currently negotiating with 15-18 trade partners, the first agreement may be reached this week or next week.

① The US Secretary of the Treasury, Scott Bentsen, stated that the USA is negotiating customized agreements with 15 to 18 "important trade partners," with India possibly being the first to reach an agreement; ② Bentsen revealed that President Trump will be closely involved in the achievement of each customized trade agreement and also mentioned that negotiations with Japan and South Korea are progressing smoothly.

cls.cn20:43 ET