To The Moon

Wall Street Rises as Investors Hope Trump Eases Tariff Stance

🇺🇸 S&P 500 Index: 1.77% 📈

🇺🇸 Nasdaq Index: 2.28% 📈

🇪🇺 Stoxx 600 Index: -0.12% 📉

🇯🇵 Nikkei 225 Index: -0.18% 📉

🇭🇰 Hang Seng Index: 0.91% 📈

🇨🇳 CSI 300 Index: 0.51% 📈

🇸🇬 Straits Times Index: 0.25% 📈

The US market closed higher, with the S&P 500 Index rising 1.8% and the Nasdaq Index climbing 2.3%, as investors remained optimistic about the possibility of US President Trump delaying the implementation of broad tariffs to prevent an economic slowdown caused by a prolonged trade war.

The Hong Kong and China markets showed mixed performance, with the Hang Seng Index rising 0.9% and the CSI 300 Index increasing slightly by 0.5%. However, expectations for China's economic stimulus policies have cooled. Chinese Premier Li Qiang warned of "rising global instability" and urged countries to open their markets and businesses.

Upcoming Events:

Tuesday: The US will release the Conference Board Consumer Confidence Index and New Home Sales data.

Wednesday: The US will publish Core Durable Goods Orders and Durable Goods Orders data.

Thursday: The market will see the release of the US Final GDP Growth Rate and Initial Jobless Claims data.

Friday: Japan will announce its Housing Starts Year-on-Year data, while the US will release the Core PCE Price Index, Personal Income, and Spending data to close the week's economic reports.

Key Things to Know Today:

1. US President Trump announced on Monday that the US will impose a 25% tariff on any country purchasing Venezuelan oil.

Venezuelan oil

2. US and Russian officials met in Saudi Arabia on Monday to discuss efforts to achieve a full ceasefire in Ukraine. Washington hopes to first secure a ceasefire agreement in the Black Sea region before pursuing a broader peace deal.

US Russian officials in Saudi

3. Sources revealed that Ant Group, backed by Jack Ma, is adopting domestic semiconductor technology to train AI models, reducing costs by 20%.

Ant Group

4. BYD's $BYD COMPANY(01211)$  revenue surged past $100 billion last year, surpassing Tesla $Tesla Motors(TSLA)$  as the company accelerates its overseas expansion.

BYD surpasses Tesla on revenue

5. Alliance Bank Malaysia Bhd's stock price plunged on Monday amid active trading, as investors worried about potential share dilution from its planned RM600 million rights issue.

Alliance Bank

Key Takeaways:

Market sentiment has significantly improved, and concerns over tariff retaliation have eased.

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