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Global highlights for next week: Trump's tariffs are unpredictable; ASML Holding and Taiwan Semiconductor are set to release their Earnings Reports.
① Analysis suggests that market volatility will continue in the coming week due to the weakening dollar, sell-off in U.S. Treasuries, and increased uncertainty around Trump's tariff measures; ② Next week, the U.S. stock market will begin the Q1 Earnings Reports season, several central banks will announce their interest rate decisions, and Federal Reserve Chairman Powell will deliver a speech.
Trump Exempts Smartphones, Computers, Chips From Reciprocal Tariffs
Express News | The USA announced: Communications Equipment, Semiconductors, and Integrated Circuits and other Commodity will be exempt from "reciprocal tariffs."
U.S. stock market close | The Federal Reserve hints that it may take action! The Nasdaq rises over 2% leading the three major indices, NVIDIA gained nearly 18% for the week.
The S&P had its best weekly performance of 2023; Apple rose over 4%, NVIDIA increased nearly 18% for the week; JPMorgan rose 4%; Texas Instruments fell nearly 6%. The ten-year U.S. Treasury bonds had their worst weekly performance since 2001. The USD saw its largest weekly drop in over two years; in intraday trading, the Swiss franc rose nearly 2% to a ten-year high; offshore yuan briefly broke 7.29, surging over a thousand points in three days. Spot Gold increased over 8% in three days.
Express News | Some semiconductor stocks in the US market surged at the beginning of the trading session, with AMD rising over 6%, Taiwan Semiconductor rising over 4%, Broadcom rising nearly 3%, and NVIDIA rising over 2%.
US Stock Preview | March PPI is lower than expected, the three major index futures slightly rise; Chinese concept stocks are strong, Xiaopeng rises over 7% before the market opens; continue to counteract! China raises tariffs on the US to 125%.
President Trump of the USA stated on Thursday that he is very eager to reach an agreement with China to end the escalating trade war.