[US stocks]As of the close, the Dow rose 137.33 points, or 0.32%, to 42,792.07 points; The Nasdaq rose 4.36 points, or 0.02%, to 19215.46 points; The S&P 500 rose 5.22 points, or 0.09%, to 5,963.60 points.Tesla(TSLA.US) fell more than 2%,Apple(AAPL.US) fell 1%,Novavax Pharma(NVAX.US) rose 15%. The Nasdaq China Golden Dragon Index closed down 0.17%,Mavericks Electric(NIU.US) fell 12%,Zai Lab(ZLAB.US) rose more than 6%.
[European stocks]Germany's DAX30 index rose 180.54 points, or 0.76%, to 23,929.75 points;UK FTSE 100The index rose 15.41 points, or 0.18%, to 8699.97 points; The French CAC40 index fell 14.34 points, or 0.18%, to 7872.35 points; The European Stoxx 50 Index fell 2.88 points, or 0.05%, to 5,424.65 points; Spain's IBEX35 index rose 48.00 points, or 0.34%, to 14097.00 points; Italy's FTSE MIB index fell 477.26 points, or 1.17%, to 40,179.00 points.
[Asia-Pacific Stock Market]The Nikkei 225 index fell 0.68%, South Korea's KOSPI index fell 0.89%, and Indonesia's Composite Index rose 0.49%.
[Foreign exchange]Measures the dollar's value against six major currenciesThe US Dollar IndexIt fell 0.66% on the day and closed at 100.426 at the end of the foreign exchange market. As of the end of the new york foreign exchange market, 1 euro was exchanged for 1.1235 USD, higher than 1.1152 USD in the previous trading day; One pound was exchanged for $1.3356, up from $1.3278 in the previous trading day. 1 US dollar was exchanged for 144.97 yen, down from 145.90 yen in the previous trading day; 1 US dollar to 0.8348 Swiss francs, lower than 0.8390 Swiss francs in the previous trading day; 1 US dollar to 1.3959 Canadian dollars, down from 1.3985 Canadian dollars in the previous trading day; The US dollar was exchanged for 9.6928 Swedish kronor, down from 9.7871 Swedish kronor in the previous trading day.
[Metal]Spot gold rose 0.88% to US $3,231.90 per ounce, rising throughout the day, setting a new daily high of US $3,249.82 at 08:26 Beijing time. COMEX gold futures rose 1.38% to US $3,231.30 per ounce, and also rose to US $3,252.90 at 08:17, setting a new daily high. Last Friday (after New York gold futures closed + after US stocks closed), Moody's downgraded the U.S. rating-meaning that the U.S. lost All AAA ratings from three major international rating agencies. Spot silver rose 0.21% to $32.3629 an ounce. COMEX silver futures rose 0.40% to $32.485 an ounce. COMEX copper futures rose 1.48% to $4.6615 per pound, continuing to rise after hitting a daily low of $4.5610 at 11:49.
[Cryptocurrency]Bitcoin fell more than 1% to $1,053.535 million; Ethereum fell 0.86% to $2,518.53.
[Crude Oil]The price of light crude oil futures for June delivery on the New York Mercantile Exchange rose 20 cents to close at $62.69 per barrel, an increase of 0.32%; London Brent crude oil futures for July delivery rose 13 cents, or 0.20%, to close at $65.54 a barrel.
[macro news]
The leading indicators of the American Chamber of Commerce declined in April.According to the statistics of the American Chamber of Commerce, the U.S. economic outlook index declined in April. According to the released data, the leading indicator fell by 1% monthly to 99.4 in April, which was lower than economists' expectations and the biggest drop of the index in two years. "Consumer expectations have become increasingly pessimistic month by month since January 2025, while the contribution of building permits and average hours worked in manufacturing turned negative in April, while there is also a general weakness when looking at six-month trends across components of the LEI, which is a warning sign for growth," said Justyna Zabinska-La Monica, analyst at the Consulting Chamber. (The LEI is a predictive index. The index is based on 10 components, which include new orders from manufacturers, jobless claims, new private residential building permits, share prices and consumer expectations, among others, and is designed to indicate a shift in the business cycle.)
Fed Vice Chairman Jefferson: Moody's downgrade will be treated as ordinary data when formulating policy.Federal Reserve Vice Chairman Jefferson said that when formulating monetary policy, Moody's downgrade of the U.S. credit rating will be regarded as ordinary economic data. Jefferson said, "We will look at this downgrade in terms of looking at all the upcoming information: what it means in terms of achieving our stated goals, without commenting on what the downgrade may mean in the political-economic context." He added: "Our goal is to fulfill a dual mission-to achieve maximum employment and price stability. It is especially important to remain focused on our mission during a time of financial market change."
Dallas Fed presidentLogan: The Federal Reserve should strengthen the interest rate control mechanism.Dallas Federal Reserve Bank President Logan said that the central bank of the United States should consider strengthening mechanisms to more effectively prevent money market interest rates from soaring when the market is under pressure. In remarks prepared for the Atlanta Fed's 2025 financial markets conference, Logan renewed his call for encouraging more banks to use the discount window and centralize the clearing of standing repo facility (SRF) operations. She will also moderate a panel discussion on the role of non-banks in the U.S. Treasury Bond and money markets that day. Logan also pointed out that the Fed should focus on broader market interest rates, not just Federal Funds rate. "In my view, interest rate control goes beyond just keeping Federal Funds rate within the target range," she said.
Federal ReserveWilliams: No immediate concern about foreign investors selling U.S. assets.New York Fed President Williams admitted that in the context of trade turmoil, concerns about foreign investors' withdrawal from U.S. assets do exist, but he believes that the "safe haven" status of the United States is currently not facing urgent risks. Williams said that most of these concerns remain at the stage where "people are just talking about whether to discuss it or not". The U.S. remains uniquely attractive to global investors, he said, pointing to its technological prowess and mentioning that "American exceptionalism" dominated global trade until recently. Williams said: "The U.S. economy is really dynamic. Honestly, we are the center of the artificial intelligence universe."
[Individual stock news]
Microsoft(MSFT.US) open source Windows subsystem.In the early hours of this morning, Microsoft announced that it would open source the Windows subsystem for Linux-WSL. WSL is a blockbuster feature released by Microsoft in 2016 to run Linux environments on Windows operating systems without separate virtual machines or dual boots. It can also quickly install various Linux versions of software, such as Ubuntu, Debian, Kali, etc., allowing developers to seamlessly use Windows and Linux for project development.
Source: If the Trump administration approves the deal, Japan Steel plans toUnited States Steel(X.US) invested $14 billion.According to a document and two people familiar with the matter, if the Trump administration approves Nippon Steel's acquisition of U.S. Steel, Nippon Steel plans to invest $14 billion in U.S. Steel's business, including investing up to $4 billion in a new steel plant. The company will put $11 billion into U.S. Steel's infrastructure by 2028, according to plan details contained in the filing. This includes $1 billion of greenfield land, including $1 billion for a new project, which is expected to increase to $3 billion in the next few years. This huge investment commitment, an increase from the initial $1.4 billion, is seen as part of a last-ditch effort to win merger approval.
