China declares there are no ongoing trade negotiations with the United States, calls for cancellation
1. Chinese Ministry of Commerce spokesperson He Yadong said: "Currently, there are absolutely no economic and trade negotiations between China and the United States." 2. This week, U.S. President Donald Trump and Treasury Secretary Scott Bessent hinted that tensions with China may ease. 3. "If the United States really wants to address the issue ... then they should cancel all unilateral measures against China," he said.
Inflation in Singapore remains at its lowest in 4 years
1. The headline inflation rate remains unchanged at 0.9%, while core inflation fell from 0.6% to 0.5%. 2. The inflation figures are released against the backdrop of Singapore preparing for the general election on May 3, with campaigning beginning on Wednesday as candidates file their nomination papers. 3. Prime Minister Lawrence Wong stated in a video on Tuesday that the pressure of living costs is a “real concern” for Singapore.
U.S. regulatory scrutiny raises concerns about the delisting of Chinese stocks
1. A comment from U.S. Treasury Secretary Scott Bessent earlier this month has raised concerns on Wall Street about forced delisting of Chinese stocks from U.S. exchanges. 2. Analysts and the press continue to report on Bessent's comments reflecting the growing level of instability - even ensuring a related article in the tabloid New York Post.
European Market SAP's software giant shares soar 10% after first-quarter profits
1. On Wednesday, SAP reported a 58% growth in operating profit in the first quarter compared to the same period last year at constant exchange rates, while also confirming its full-year cloud revenue outlook. 2. Last month, the German software giant surpassed Novo Nordisk to become the most valuable publicly traded company in Europe. 3. SAP also stated that it still expects full-year cloud service revenue to decline in the range of 21.6 billion euros to 21.9 billion euros at constant exchange rates this year.
10-Year Treasury Yield Falls After Trump Cancels Plans to Fire Fed Chair
The 10-year Treasury yield fell on Wednesday after U.S. President Donald Trump retracted his comments about firing Federal Reserve Chairman Jerome Powell. As of 4:35 AM Eastern Time, the 10-year Treasury yield was down 4 basis points at 4.346%. The 2-year Treasury yield was up 3 basis points at 3.819%.
Musk says Tesla's Optimus humanoid robot is affected by China's rare earth restrictions
1. Elon Musk stated that China's new trade restrictions on rare earth magnets have impacted the production of Tesla's Optimus humanoid robot. He added that the company is addressing this issue with Beijing and hopes to receive approval to access critical components. Tesla CEO Elon Musk stated that new trade restrictions from China on rare earth magnets have affected the production of the company's Optimus humanoid robot, which relies on exports.
Trump, Bessent, and Musk bring the market the reassurance it needs
1. US President Donald Trump said he has “no intention” of firing Federal Reserve Chairman Jerome Powell. 2. Treasury Secretary Scott Bessent said he hopes “there will be a de-escalation” in the trade war between Trump and China. 3. The market is growing thanks to Trump and Bessent's promising comments. 4. Tesla's first-quarter earnings fell short of expectations.
Politics Trump says he has "no intention" of firing Fed Chair Powell
1. President Donald Trump stated that he has "no intention" of firing Federal Reserve Chair Jerome Powell before his tenure at the helm of the U.S. central bank concludes next year. 2. Recently, Trump has intensified his criticism of Powell and has not ruled out the unprecedented step of firing him. 3. U.S. stock futures surged on major indexes following Trump's latest remarks.
Bessent said he expects 'de-escalation' in the tariff war between the U.S. and China
1. Treasury Secretary Scott Bessent said he hopes “there will be a de-escalation” in the trade war between President Donald Trump and China “in the very near future.” 2. Bessent called the high tariffs war between Washington and Beijing unsustainable. 3. Bessent spoke at the private investors summit in Washington hosted by JPMorgan Chase on the sidelines of the World Bank meeting this week.
Oil rises after sharp drop on Monday due to Trump criticizing Powell
Oil prices edged up slightly after a sharp drop on Monday after U.S. President Donald Trump harshly criticized Federal Reserve Chairman Jerome Powell, shaking global markets.
Brent traded near $67 a barrel after falling 2.5% in the previous session, the largest drop in over a week. The partial recovery of crude oil was supported by the rebound of U.S. stock futures.
Roche invests $50 billion in the United States as the threat of pharmaceutical tariffs looms
1. Roche stated that this investment will create more than 12,000 jobs - 1,000 jobs for the company and the rest will support new manufacturing capacity in the United States. 2. Pharmaceutical companies are striving to enhance their presence in the United States as President Donald Trump threatens to end import tax exemptions for the industry. 3. Roche's CEO, Thomas Schinecker, stated in a declaration that this new investment demonstrates the company's 'long-term commitment to research, development, and manufacturing in the United States.'
China Claims to Break BYD's EV Battery Record with Longer Range in Just 5 Minutes of Charging
1. When unveiling a series of new products, CATL stated that one of its latest battery types can add an additional 520 km (323 miles) of driving range for an EV in just five minutes of charging. 2. This statement will give the company a slight edge over the performance of its electric vehicle giant competitor BYD last month and surpass what Western competitors offer. China's CATL, the world's largest EV battery supplier, announced a series of new products on Monday, including a type of battery that the company claims has set a 'new global record for ultra-fast charging technology.'
Cổ phiếu Tesla giảm mạnh trước báo cáo thu nhập quý đầu tiên
1. Cổ phiếu Tesla giảm gần 6% vào thứ Hai, một ngày trước khi công ty công bố báo cáo thu nhập quý đầu tiên. 2. Các nhà đầu tư đang tìm kiếm câu trả lời về kế hoạch của CEO Elon Musk đối với hãng sản xuất ô tô này khi ông dành phần lớn thời gian cho chính quyền Trump, cắt giảm ngân sách của chính phủ liên bang Hoa Kỳ. 3. Cổ phiếu của công ty hiện đã giảm 44% trong năm nay sau khi kết thúc quý tồi tệ nhất kể từ năm 2022 vào tháng 3. Teslacổ phiếu đã giảm gần 6% vào thứ Hai, một ngày trước khi côn
Russia has no intention of participating in the naval arms race
Nikolay Patrushev noted the 'increasing competition' between the United States and China in the naval sector.
With one of the strongest naval fleets in the world, Russia does not need to engage in a naval arms race, Nikolay Patrushev, the presidential assistant and chairman of the Russian Maritime Committee, said in an interview with the newspaper Kommersant. 'We do not plan to engage in a maritime arms race,' he said.
Trump's approval rating drops to 42%, latest poll shows
An Ipsos poll for Reuters showed that public support for Donald Trump has dropped to 42%, the lowest level since he returned to the presidency of the United States. In a six-day poll that ended on Monday, 42% of respondents approved of Trump's performance, while 53% of those surveyed said they do not support his policies.
Trump's Criticism of Powell is Shaking Market Confidence in Fed Independence
1. The market reacted negatively after President Donald Trump once again criticized the Federal Reserve on Monday. 2. Analysts said investors are uncomfortable with the notion that the president may be pressuring the central bank. 3. Trump has fired heads of other independent agencies, and traders may be concerned that Fed Chairman Jerome Powell could be next.
Stocks fall sharply as Trump escalates criticism of Fed Chairman Powell; Dollar slides to its lowest level
Stocks fell sharply on Monday due to ongoing concerns about President Trump's tariff policy and its potential impact on the economy, as well as rising worries that the Fed's independence might be compromised. The S&P 500 and Nasdaq Composite, which is tech-heavy, fell 2.4% and 2.6%, respectively, while the Dow Jones Industrial Average dropped 2.5%, or nearly 1,000 points. Stocks lost value last week, regaining some of the significant gains from the previous week as trade tensions with China increased and Federal Reserve Chairman Jerome Powell indicated that tariffs would drive inflation up and slow economic growth, posing challenges for the central bank in deciding interest rates.