Express News | The United States has launched a Section 301 investigation into 16 trading partners, including the European Union, India, Japan, and South Korea.
Futu Morning Brief | Trump states that the military action against Iran is "about to end"; Iran outlines three necessary conditions for ending the war; Iran's firing on merchant ships pushes oil prices higher, pressuring the three major U.S. stock index f
The IEA has approved the release of a record amount of crude oil reserves, with a scale of 400 million barrels, more than double the 2022 level. The United States will release 172 million barrels of oil from its Strategic Petroleum Reserve.
CICC: US February CPI rises overall but core falls; impact of Iran situation yet to materialize
The impact of the recent situation in Iran is expected to gradually manifest next month.
Express News | Trump stated that Iran has 'nothing left to strike,' and the war will soon come to an end.
U.S. Stocks Close | Inflation Easing Fails to Offset Oil Market Panic, Major Indices Under Pressure; Gold Stocks Generally Fall, Harmony Gold Drops Nearly 11% Post-Earnings; Silver Slips 3%, Bitcoin Stabilizes Above $70,000
The S&P edged down by 0.08%, the Dow fell by 0.6%, while the Nasdaq managed a slight increase of 0.08%. Oracle surged over 9% following its earnings report. The yield on 10-year U.S. Treasury bonds rose by 6.8 basis points, accumulating an increase of over 30 basis points since the Iran conflict. The U.S. Dollar Index climbed by 0.44%, nearing the 99 mark. The Australian dollar appreciated by 0.5%, reaching a new high since June 2022 during intraday trading. Spot gold declined by 0.3%, and spot silver dropped more than 3%. Crude oil prices increased by 2.3%, with WTI crude reported at $88.4 per barrel.
After Trump's 'reciprocal tariff' was overturned, U.S. tariff revenue in February fell by more than $1 billion.
① In February this year, U.S. tariff revenue amounted to USD 26.59 billion, marking another decline from the previous month; ② The main reason is that the U.S. Supreme Court previously overturned most of the tariff measures imposed by President Trump.