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Hello everyone, today Avatrade Aihua Foreign Exchange will bring you "[Avatradescn Official Website]: Trump's tariffs have "concessions" again! "Major events" are rumored in the United States. Hope it will be helpful to you! The original content is as follows:
Trump's policy prompted investors to sell their U.S. assets, and the U.S. dollar index fell on Monday. Disappointing manufacturing data on Monday intensified concerns about U.S. economic growth and hit the dollar.
Juan Perez, head of Washington Trading Department of MonexUSA, said: "Today's market characteristics are the weakening of the dollar and the correlation between stock market doubts. Although corporate financial reports will still affect market sentiment, the real problem is the market's lack of confidence in the U.S. economic outlook, as the United States is trying to act unilaterally and put pressure on the world's largest economy."
U.S. President Trump's trade policy and tough rhetoric towards China prompted investors to start flocking to assets outside the United States.
Meera Chandan, co-head of global foreign exchange strategy at JPMorgan Chase, said: "We expect the dollar to usher in a second wave of decline. This is a cyclical shift that will last for multiple quarters."
Asian market
China promises to be confident in achieving the growth target of around 5% this year and promises to implement a variety of support measures in a timely manner in the country's current aihuatrade.comprehensive trade war with the United States. However, major stimulus measures were not announced immediately, giving the impression that Beijing is not in a hurry to introduce large-scale interventions. Authorities seem to be inclined to monitor the timing and extent of the trade shock first before deciding to take more radical measures.
Zhao Chenxin, deputy director of the National Development and Reform aihuatrade.commission, emphasized at today's press conference that China has retained "adequate policy reserves and sufficient policy spaceaihuatrade.com” and highlighted plans to stabilize employment and strengthen public employment services.
At the Politburo meeting chaired by President Xi Jinping last week, officials called for a “timely reduction” of interest rates and reserve ratios to support the economy. In addition, other measures to help troubled enterprises, promote consumption among low and middle-income groups, and promote further development of technology and artificial intelligence were highlighted. Official data released over the weekend showed that China's industrial profits resumed growth in the first quarter, which was optimistic. Cumulative profits rose by 0.8% year-on-year to 1.5T yuan, reversing a 0.3% decline in the previous two months.
European market
European market
European market
European market
He pointed out that new trade barriers, financial market tensions and geopolitical instability have brought unusual uncertainty, all of which could put pressure on business investment and consumer spending in the aihuatrade.coming months.
"In this environment, consumers may be cautious about the future and suppress spending," deGuindos added.
In addition, Olli Rehn, a member of the ECB Management aihuatrade.committee of Finland, pointed to the growing Resistance, suggesting that central banks may need to lower interest rates below neutral levels and maintain maximum flexibility.
Rehn stressed that potential inflationary pressures are easing, and the escalation of U.S. trade tariffs have largely led to an increase in downside risk of inflation in the euro zone.
Francois Villeroy de Galhau, a member of the ECB's governance aihuatrade.committee, said today that neither France nor Europe has an imminent recession risk as inflation continues to decline.
In an interview with RTL radio, Villeroy also reiterated that despite global uncertainty, the ECB still retains "a room for gradual rate cuts." Leroy also issued a strong warning about the risks brought by U.S. trade policy. He criticized the government's protectionist stance, saying it "opposes the U.S. economy, and unfortunately, the world economy."
He stressed that protectionism will eventually lead to "slower growth and intensified inflation."
U.S. market
U.S. Dallas Fed Business Activity Index in April was significantly lower than expected.
The U.S. Treasury Department raised its second-quarter debt scale expectations to $514 billion. U.S. Treasury Secretary: The "X-day" against the debt ceiling issue will be announced in the near future.
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