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As of press time, the Dow futures, dominated by blue-chip stocks, rose 0.24%; the S&P 500 futures rose 0.25%; the Nasdaq 100 futures, dominated by technology stocks, rose 0.29%. Popular Chinese concept stocks rose before the market opened. European stock markets rose. As of press time, Germany’s DAX index fell 0.08%; France’s CAC40 index rose 0.39%; Britain’s FTSE 100 index rose 0.14%. In terms of commodity foreign exchange, as of press time, Brent crude oil fell 1.10% to US$86.33 per barrel. European Automobile Manufacturers Association: EU car sales hit biggest decline in 16 months in March The European Automobile Manufacturers Association said that EU car sales suffered the largest decline in 16 months in March, and Tesla‘s new car registrations in the EU fell by 30% in March. Registrations of pure electric vehicles in the EU fell by 11% to 134,400 in March; the EU’s pure electric vehicle market share fell to 13% from 14% in the same period last year. Swiss gold exports fell 6.9% month-on-month in March Swiss gold exports fell 6.9% month-on-month in March. TSMC’s Q1 net…

U.S. stocks closed lower on Wednesday as crude prices tumbled and investors weighed cautious U.S. Federal Reserve commentary and ongoing geopolitical strife against mixed quarterly earnings. Benchmark U.S. Treasury yields and the dollar eased back from multi-month highs, while gold backed down from its all-time high.   All three major U.S. stock indexes ended the session in the red, with the tech shares dragging the Nasdaq down 1.15%. “April has been a little disappointing for investors, but remember stocks have gained the past five months, some kind of pause or break would be perfectly normal, and we very well could be seeing that right now,” said Ryan Detrick, chief market strategist at Carson Group in Omaha, Nebraska. U.S. Federal Reserve Chair Jerome Powell declined to provide guidance on Tuesday regarding the timing and extent of expected interest rate cuts, but said policy needs to be restrictive for longer, dimming hopes for rate cuts this year. “The realization that Powell is pushing back on when the interest rate cuts might start has added to the overall confusion, solidifying the assumption that…

The exchange rate of the yen against the U.S. dollar in the Tokyo foreign exchange market fell to more than 153.8 yen per U.S. dollar on the 15th, a record low in nearly 34 years. Kyodo News reported that interest rate differentials between Japan and the United States prompted investors to sell Japanese yen and buy U.S. dollars. In addition, the latest developments in the situation in the Middle East have also enhanced the appeal of the U.S. dollar as a “safe haven asset.” The consular building of the Iranian Embassy in Syria was attacked by a missile on April 1, killing at least 13 people. Iran and Syria said the attack was carried out by Israel. Iran’s Islamic Revolutionary Guard Corps issued a statement in the early morning of the 14th, announcing that it had launched dozens of missiles and drones at Israeli targets. An Israeli military spokesman said that more than 300 drones and missiles were fired at Israel, and “99%” of them were intercepted. As of 3 pm on the 15th, the Japanese yen exchange rate was…

Glonghui, April 15 | US hedge fund Shah Capital has recommended that Covid-19 vaccine maker Novavax appoint two new independent directors, Suresh Katta and Venkat Peri, to its board. Shah Capital, which owns about 6.7% of Novavax’s outstanding common stock, said the low share price reflected the board and management’s failure to capitalize on many important competitive advantages and seize opportunities in the overall market. “We welcome the views of our shareholders and value their input on our strategy,” Novavax said in a statement. Novavax is one of the most shorted stocks on the Nasdaq (16175.0941, 0.00, 0.00%) and is currently trading near all-time lows. As of last trading day’s close, the stock had fallen more than 53% in the past 12 months. The stock rose about 3.5% premarket.

The convergence of interest rate cut expectations is rewriting the narrative of global capital markets. Recently, due to the impact of U.S. economic fundamentals such as inflation and employment that exceeded expectations, market expectations for the Federal Reserve to cut interest rates within the year have declined. The “anchor of global asset pricing” has made waves again. The 10-year U.S. Treasury yield recently broke through the 4.5% mark and remains above this point. Some market participants are worried that the “nightmare” of 10-year U.S. bond yields pointing to 5% may strike again. Analysts believe that the current asset prices are more reflected in the correction of front-running transactions in anticipation of interest rate cuts. Looking ahead, interest rate cut expectations may continue to swing driven by data and geopolitics, affecting the trend of U.S. bond yields. Multi-maturity U.S. Treasury yields rise The rapid rise in U.S. bond yields has once again attracted market attention. On April 10, local time, as the U.S. Consumer Price Index (CPI) in March exceeded expectations across the board, the market was worried about the prospect…

U.S. stock market: The three major U.S. stock indexes collectively fell. The Dow fell more than 1%, and the Nasdaq and S&P fell nearly 1%. As of the close, the Dow Jones Industrial Average fell 422.16 points from the previous trading day, closing at 38461.51 points, a decrease of 1.09 %; the Nasdaq Composite Index fell 136.28 points to close at 16170.36 points, a decrease of 0.84%. ; The S&P 500 stock index fell 49.27 points to close at 5160.64 points, a decrease of 0.95%. In terms of data, the U.S. announced before the market opened that the CPI in March increased by 3.5% year-on-year, which was higher than market expectations of 3.4% and the highest level since September 2023. Most large technology stocks fell, with Tesla falling more than 2%, Apple falling more than 1%, and Google and Microsoft following suit; Meta, Amazon, and Netflix rose slightly. The chip and semiconductor sectors were among the top decliners, with GF and NXP Semiconductors falling by more than 4%, Intel, Qualcomm, Texas Instruments, and AMD falling by more than 2%; NVIDIA…

Driven by the artificial intelligence (AI) craze, technology stocks seem to have attracted all the attention of U.S. stock investors, but some analysts believe that investors should focus on a less dazzling industry. Driven by various bullish factors, The industry is ripe for strong gains. Energy stocks deserve more attention as the sector starts the year off with an impressive performance, according to top U.S. economist David Rosenberg, president of Rosenberg Research profound. The S&P 500 Energy index has returned 16.3% so far this year, and investors haven’t noticed yet. “This is an overlooked segment of the market because investors have very negative positions (in the sector) (SPDR Energy ETF outflows of $2.7 billion over the past year),” he said. Overall, there are three main reasons why energy stocks are expected to rise further this year, with some analysts predicting the sector will rise as much as 20% from current levels. Strong fundamentals Even as technology stocks move higher on strong earnings, LPL Financial noted in a report that the energy sector posted more March earnings revisions than all S&P…