Opening: US stocks opened slightly higher on Monday. This week the market focuses on Earnings Reports and economic data.
On the evening of April 28, Peking time, U.S. stocks opened slightly higher on Monday. Over 180 S&P component stocks, including Microsoft, Apple, Amazon, and Meta, will release their Earnings Reports this week. Important data such as non-farm employment and GDP will also be released this week. Investors continue to pay attention to the progress of trade negotiations. China has once again clarified that there are no negotiations or discussions on tariff issues between China and the U.S.
U.S. stock index futures slightly lower as the busiest week of Earnings Reports season approaches | Highlights for tonight.
①IBM plans to invest 150 billion USD in the USA over the next five years; ②MicroStrategy increased its shareholding by 15,355 Bitcoins last week; ③Rating agencies have downgraded the outlook for US ports to negative; ④Reports: Tencent, Alibaba, and ByteDance are scrambling to purchase computing power resources.
The U.S. Treasury's quarterly "debt issuance" plan will be announced this week, and analysts expect Bessenet to "seek stability."
Wall Street expects Bessent to adopt a safe strategy for the issuance plan of U.S. Treasury bonds following the market turmoil.
Fed Factions Are Split On Rate Cut Need -- Market Talk
Morgan Stanley is bullish on US stocks against the trend: a weaker dollar will boost corporate profits.
Michael Wilson, chief USA Stocks strategist at Morgan Stanley, stated that a weak dollar will support USA corporate profits, helping USA Stocks outperform Other global markets.
US Dollar Mixed Early Monday, Focus on Q1 GDP, April Employment Report
Goldman Sachs (GS.US) Chairman Su Dewei: Tariffs may have a huge potential impact on the profitability of enterprises.
Su Dewei stated that discussions regarding tariffs may have an impact on business sentiment and could bring significant potential effects on corporate profits and losses.
EUR/USD Looks to Gain as Dollar Weakens, but Treasury Stability Holds Back Flight
Dollar Could Fall If U.S. Jobs Data Are Much Weaker -- Market Talk
Kevin Warsh Says the Fed Is Broken. He's Taking Dead Aim at Powell's Job.
The three major futures indexes in Pre-Market Trading all fell, European stocks rose for five consecutive days, and spot Gold decreased by over 1%.
European stock markets continued to rise on Monday, setting the longest consecutive increase since January of this year, primarily benefiting from investors' expectations of a potential easing in USA Trade policies and a series of high-profile merger and acquisition Trades. After four consecutive days of gains in the US stock market, all three major Equity Indices fell on Monday. Meanwhile, Asian markets showed mixed results, with Japan's Tokyo Stock Index erasing losses since the tariffs announced by Trump on April 2, as investors await the latest signals on Trade negotiation progress. As of the time of publication, the pan-European Stoxx 600 Index rose by 0.6%, marking the fifth consecutive trading day of gains for the index since January. The Autos and tourism Sectors led the gains, while Insurance
Buying US dollars to invest in US stocks has transitioned from a "win-win" situation to a "double kill"!
Since the beginning of this year, the S&P 500 Index has fallen by 6%, but for investors in US stocks priced in euros and yen, due to the sharp decline of the dollar, their losses have ballooned to an astonishing 14%. The sharp turn and unpredictability of White House policies are causing unprecedented anxiety among investors who have long viewed the USA as the ultimate safe haven.
The USD has slightly increased, benefiting from the de-escalation of trade frictions and alleviated concerns about the independence of the Federal Reserve.
The US dollar showed a mild upward trend at the beginning of this week, supported by market expectations of easing global trade tensions and reduced risks to the independence of the Federal Reserve. Last week, President Trump announced progress in trade negotiations with Japan and clearly stated there was no intention to dismiss Federal Reserve Chairman Powell.
Trump's former economic advisor harshly comments on tariffs: By the end of May, the full impact will be seen, and the poor will suffer the most!
① Trump's former economic advisor Gary Conn's warned that the impact of the USA's tariff policy will begin to show at the end of May; ② He also pointed out that tariffs are highly regressive, with low-income earners paying more in tariffs while the wealthy are less affected.
Dollar Rises on Trade War De-escalation Hopes -- Market Talk
Demanding Weak Dollar May Be Risky Approach for U.S. -- Market Talk
U.S. Treasury Unlikely to Make Major Shifts in Quarterly Refunding -- Market Talk
Airlines warn of uncertainty in the USA economy putting downward pressure on ticket prices.
This month, the CEOs of American Airlines issued a warning to Wall Street, stating that demand for domestic flights in the U.S. is lower than the high expectations set in early 2025. In a series of earnings conference calls, they indicated that there are many reasons for this, ranging from President Trump's erratic tariff policies to market turbulence, with the most significant factor being the uncertainty of the U.S. economy. Robert Isom, CEO of American Airlines, stated in Thursday's quarterly earnings call: 'When people are considering holiday plans and how to spend their hard-earned money, no one really likes uncertainty.'
As tariffs increase and concerns about recession grow, the lives of Americans are quietly changing.
A few weeks ago, when Kiki Rough became increasingly worried about the economic situation, she started reflecting on previous periods of economic hardship. During tough times associated with economic recessions, Rough recalls the skills she learned in making grocery items. Facing a similar uncertainty about the country's financial future, she began creating video guides showcasing recipes published during past economic downturns, depressions, and wartime. At 28 years old, she told her fans that she is not a professional chef but learned to cook by relying on food stamps. In her black and yellow striped kitchen in suburban Chicago, she teaches viewers how to prepare inexpensive meals.
The "Trump tariffs" changing from day to day have caused controversy? The U.S. Treasury Secretary says uncertainty is his strategy!
① The USA Treasury Secretary Scott Bentsen defended Trump's tariff policy, describing it as "Global Strategy uncertainty"; ② He stated: "In game theory, this is referred to as 'Global Strategy uncertainty,' so you won't disclose to the other party in negotiations where you will end up. No one is better than President Trump at creating this kind of leverage."