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The negotiation on tariffs between the U.S. and Europe is progressing slowly, and the EU is reportedly preparing to propose new trade proposals.
According to reports, the EU is revising its proposal for a trade agreement with the USA as the first step to initiate substantial negotiations, even though the Trump administration still lacks a clear position and has made demands that are seen as unrealistic; informed sources reveal that the USA has welcomed some options proposed by the EU in the potential agreement, but EU officials remain unclear about the specific demands from President Trump.
US stock market early session | Growth Tech stocks generally corrected, Tesla fell over 2%; high-performing stocks continued to rise, Cisco increased over 5%, and NetEase rose 13% nearing historic highs.
US stocks opened lower on Thursday, with the producer price index (PPI) in the USA falling by 0.5% in April and retail sales in April rising to 724.1 billion US dollars. International oil prices plummeted nearly 4%. Federal Reserve Chairman Powell stated that the Institutions are adjusting their overall policy-making framework.
US stock outlook | The three major Futures indices saw a narrowing of losses, with the Nasdaq Futures down 0.4%; the performance of Chinese concept stocks showed divergence after earnings, with Alibaba down nearly 5% in pre-market trading, while NetEase r
Bank of America: The S&P 500 Index is expected to rise to around 6,900 points, and a recession is unlikely to occur.
Trump continued to "attack" Powell on Wednesday! Will Powell retaliate in tonight's speech?
At 20:40 tonight, Powell will deliver the opening speech at an event. Some analysts believe that the core of this speech will be the Federal Reserve's assessment of its MMF policy framework, which is expected to undergo some adjustments, focusing on a "symmetrical" approach to inflation response and improving the Federal Reserve's economic outlook summary.
US Stock Gold Rush | Super Micro Computer surged over 40% within the week, newly signed a 20 billion dollar AI agreement with Saudi Arabia; Boeing has increased nearly 16% this year, receiving the largest order in history.
Palantir's stock price has reached a historical high! This year, it has increased by over 72%, receiving the 'strongest endorsement' from Bank of America: a standard setter in AI, with a Target Price aiming for $150; Tencent Music has increased by over 51% this year, rising more than 15% overnight, with impressive Q1 performance and online music service revenue growing by 15.9% year-on-year.
Gold fell below $3,150, oil prices dropped over 3%, and the US dollar fell 0.7% against the Japanese yen.
European stocks slightly declined, India’s stock market continued to rise, US oil and Brent crude oil both dropped over 3%, spot Gold fell about 1%, the USD decreased by about 0.3%, and the USD against the Japanese yen fell about 0.7%.