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US Dollar Rises Early Thursday Ahead of Jobless Claims, Durable Goods Orders, Existing Home Sales Data
The Prime Minister of Australia responded to Trump's tariffs: there will be no equal countermeasures, and negotiations for exemptions will be sought.
① Australian Prime Minister Albanese criticized USA President Trump for imposing a 10% tariff on allies, stating that such actions are not what friends do, and indicated that Australia will not impose equivalent tariffs on the USA; ② The Australian government will seek to negotiate with the USA in hopes that Trump will lift the tariffs on Australia.
Why No Home or Business Is Safe From Extreme Weather - or Rising Insurance Costs
Trump's surprise attack! Tariffs may be imposed on Semiconductors, compounded by the impact of DeepSeek, leading to a sharp decline in chip stocks across multiple Asia-Pacific markets.
Trump has taken action!
The California wildfires continue to become "politicized"! Trump seizes the opportunity to attack his political opponents: they had the chance to protect the forests.
① Southern California in the USA continues to face wildfires, with limited progress in firefighting efforts. Trump criticized California Governor Newsom for not adequately protecting forests, claiming that the Los Angeles area is "left desolate." ② There are a total of 105 wildfires across California, with areas burned exceeding 163 square kilometers, 12,300 buildings destroyed, and 0.15 million residents evacuated in Los Angeles County.
The losses from the wildfires in Los Angeles have expanded, leading to a significant sell-off of Insurance stocks.
The ongoing devastation of wildfires in Los Angeles has put tremendous financial pressure on the Insurance Industry, with several insurance companies experiencing significant stock price declines. As the losses from the fires continue to escalate, issues related to insurance payouts and liability allocation will become the focus of market attention.