March US Producer Price Index, Core PPI Both Decline Unexpectedly, Year-Over-Year Rates Slow
US Morning News Call | China Raises Tariffs on U.S. Goods to 125%
China Raises Retaliatory Tariffs on U.S. Goods to 125%
A looming recession casts a shadow! The USA experiences another 'triple kill' of stocks, bonds, and currencies.
① After the collapse of U.S. bonds earlier this week, new pressures seem to have emerged; ② not only is the 30-year U.S. bond yield starting to approach the 5% mark again, but the dollar has also faced a rare steep decline, which quickly fell below the 100 threshold at the beginning of trading on Friday...
The downtrend of the U.S. stock market is hard to change! Goldman Sachs' latest report emphasizes that the benefits of tariff deferrals are very limited.
① Goldman Sachs warns that the risk of a substantial correction in U.S. stocks is increasing, as their model shows that the probability of a decline in U.S. stocks is over 35% in both 3 months and 12 months; ② Goldman Sachs points out that the risk of stock pullbacks is related to economic weakness, market volatility, and political uncertainty; ③ The Institution previously projected that the S&P 500 Index would fall to 4,600 points, which is a further decline of 13% from Thursday's level, or a 25% drop from the historical high in February.
Trump's team commented on the significant drop in the U.S. stock market: a normal correction, don't make a fuss.
① On Thursday Eastern Time, the three major U.S. stock indices closed significantly lower, with the Dow Jones Industrial Average down 2.5%, the S&P 500 Index down 3.46%, and the Nasdaq Composite Index down 4.31%; ② Trump's chief trade advisor Navarro believes the sharp decline in U.S. stocks is a normal correction following a major market trend, while U.S. Treasury Secretary Basent stated that there are no abnormalities noted and praised the U.S. inflation data as better than expected.
Former USA Treasury Secretary Yellen: Trump's "tariff club" has destroyed the economy!
① The former US Treasury Secretary Yellen criticized President Trump's tariff policy for causing a devastating blow to the economy, believing it undermined economic growth and job opportunities in the USA; ② Trump announced a 90-day tariff suspension for countries that do not retaliate and stated that if a favorable agreement cannot be reached, the original situation would be restored.
Express News | Trump Claims Historic Tax Cut Nears Finalization
Express News | NEC Director Hassett On CNBC Said On Trump Tariff Pause: Everything Moved in Orderly Fashion; There Are Deals Close to Finish Line; Close to 20 Countries Making Offers
US Morning News Call | Trump Signals Willingness for Tariff Talks With China
The charm of US stock QDII has faded, with a significant decline this year, while Hong Kong stock QDII still shows positive returns this year.
① Over sixty percent of QDII performance has been negative this year, with US stock QDII experiencing the largest declines; ② Hong Kong stock QDII has overall outperformed US stock QDII this year, with multiple Hong Kong stock QDIIs still yielding over 10% this year; ③ Industry insiders believe that, from a mid-term perspective, Hong Kong stock investments still have cost-effectiveness, and sectors such as Technology and domestic demand still hold investment potential.
EU to Halt Counter-Tariffs After Trump Sets 90-Day Pause
Express News | EU Considers Pausing Its Countermeasures Due on April 15 Against U.S. Tariffs for 90 Days - EU Diplomats
Global market "Just out of ICU and straight to KTV" Investors' concerns: price fluctuations depend entirely on a single statement.
Despite the market's dramatic rebound, Wall Street has serious doubts about how long this rebound can last. After all, a single tweet can bring the U.S. stock market back to life, but it can also overturn everything again.
What happened in the 18 hours that changed the Global market?
At 9:33 AM on Wednesday, Trump posted to urge everyone to "stay calm" and stated that "now is a good time to Buy"; at noon, Trump held a meeting with the Secretary of Commerce and the Secretary of the Treasury to discuss the latest tariff policies; at 1:18 PM, Trump announced a delay in the tariffs. In the subsequent press conference, Trump mentioned that he had been considering a change in direction over the past few days, ultimately deciding that it was "possibly reached this morning."
Trump Pauses 'Reciprocal' Tariffs, but Hits China Harder
Wall Street Soars As Trump's 90-Day Tariff Pause Triggers Biggest Rally Since 2008
The US temporarily suspends some tariffs, leading to a major rebound in gold, Copper, and oil, with the NASDAQ rising over 12%, significant increases in Chinese stocks and the renminbi, and a rise and fall in the yield of ten-year US Treasury bonds.
The Magnificent 7 rose at least nearly 10%, with Tesla up nearly 23%. The ten-year U.S. Treasury yield increased by more than 20 basis points during the session but retraced gains after Trump's speech. Following Trump's announcement of tariffs, the Mexican peso rose over 3% during the session, while the offshore Chinese yuan briefly rebounded over 800 points, breaking 7.35. Bitcoin surged by over 8000 USD, approaching the 0.083 million mark; the session saw gold futures rise over 4%, and copper rose nearly 8%.
U.S. stock market close: The Nasdaq surged 12% in a single day, with six of the 'Big Seven' companies seeing double-digit gains.
① Tesla rose over 22%, NVIDIA increased by nearly 19%; ② PHLX Semiconductor Index rose about 19%; ③ Nasdaq Golden Dragon China Index rose by 4.5%; ④ Amazon launched the AI voice model Nova Sonic.
Express News | Nasdaq Up 2% as Tesla Surges 5% and Nvidia Climbs 4%