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Market News
See MoreOn April 5, the USs "reciprocal tariff" policy was opposed by many countries, and the calculation method of its tax rate also aroused doubts from all parties. They accused the calculation method of being "simplistic and crude", "out of thin air" and "not in line with standard economic practices". Julia Spiess, director of trade and market intelligence at the International Trade Center, said that this is not the standard way economists usually calculate tax rates. The tax rate is calculated based on a formula that relies on the trade deficit or the ratio of the trade deficit to imports. Personally, I have never seen this happen. An analyst at Wedbush Securities, a well-known US investment bank, said in an interview on the 4th that the so-called "calculation formula" announced by the Trump administration has no credibility and is not enough to serve as the basis for rational negotiations on international trade.
On April 5, according to a report by the Ukrainian National News Agency on the 4th local time, Ukrainian President Zelensky said at a press conference that Ukraine has selected a law firm that will negotiate on behalf of Ukraine with the United States on the mineral agreement. Zelensky said that he will hold a meeting with the Ukrainian team at the beginning of next week to listen to the key points of the draft agreement, which will meet the needs of Ukraine and reflect the "fairness" of the agreement. After that, the Ukrainian technical team will prepare to go to the United States to start a dialogue with American personnel. Zelensky said that Ukraine is currently negotiating through a technical team and he will not go to the United States for the time being.
April 5th news: Surat, India is the worlds largest diamond processing and polishing center, and the United States is its largest export market. Trump announced a so-called "reciprocal tariff" of 26% on Indian exports to the United States, which made Surats diamond industry practitioners worried. At present, Surats diamond business has come to a standstill, and people are waiting to see the possible impact of the tariff policy. Practitioners said that some processors may be forced to reduce production or even close down. Industry insiders pointed out that the US governments imposition of tariffs will lead to higher diamond export prices and weaken demand. Data provided by the Surat Diamond Association show that there are currently about 700,000 people engaged in related work, and the US "reciprocal tariff" policy is threatening the livelihoods of these people.
Italian Finance Minister: Our goal is to ease tensions with us after Trump imposed tariffs.
Italian Finance Minister: Italys huge debt cannot be ignored.
On April 5, the Royal United Services Institute, a British think tank, pointed out in a report that during the Ukrainian war, Russia has been more successful than Europe in strengthening its defense production. The report warned that this is a big problem - not only for Ukraine. The report wrote: Russias continued lead in defense production poses a strategic threat to NATO and the credibility of its conventional deterrence. The report believes that the reasons for Europes lag include lack of consultation, insufficient attention to large-scale production, bureaucratic obstacles and insufficient use of testing infrastructure.
The U.S. Senate passed Trumps budget plan for tax cuts and border agenda, sending it to the House of Representatives.
On April 5, with the gold price hitting new highs, gold-related ETFs attracted an accelerated influx of funds. At present, the total scale of gold-themed ETFs has exceeded 100 billion yuan, reaching 110.468 billion yuan. Performance has also risen, and the net value growth rate of gold-themed ETFs in the entire market is around 20% this year. Many industry insiders said that at this stage, multiple factors are jointly affecting the supply and demand balance and price trend of gold, and the pricing framework of gold is changing. In the medium and long term, the uncertainty of the global economic outlook has increased, coupled with the uncertainty of geopolitical relations and overseas policies, the safe-haven value of gold is prominent.
Ukraines air force said it shot down 51 of 92 drones launched by Russia in a nighttime raid.
According to the Telegraph: French President Emmanuel Macron could become a key figure in Europes talks with Putin on peace in Ukraine.
April 5th news, despite another sharp sell-off in the U.S. stock market on Friday, Nike (NKE.N) shares bucked the trend and closed up 3%, making it the only component of the Dow Jones Index that rose. Nike was able to close higher thanks to key progress in tariffs. Trump said Vietnamese leaders expressed interest in reaching a new trade agreement with the United States to reduce tariffs on U.S. goods to zero. In response to trade and geopolitical issues, Nike has moved most of its production to Vietnam, but the Trump administrations new import tax policy may offset the benefits of this transfer. Whether Vietnam can reach a suitable new trade agreement with the United States has quickly become a key business performance and valuation catalyst for Nike.
On April 5, California Governor Gavin Newsom posted a video on his social platform on April 4 saying that the Trump administration’s tariff policy "cannot represent all Americans." He has asked the California government to look for new opportunities to expand trade cooperation and said that "California is a stable trading partner."
On April 5, Fitz-Gerald Group CIO Keith Fitz-Gerald said in the latest CNBC show that although he was frustrated by the recent sell-off of Tesla, he still believed in the companys long-term prospects. "I think if we look at FSD, we look at autonomous driving, we look at everything Tesla is involved in, if you take Musk himself out of the "equation" for a few minutes, you cant deny that this company continues to change the earth. So, this is one of the moments where I have to hold my nose (ignore the sell-off), and Im going to keep waiting anyway, and I hope that when the sell-off is over, I hold enough Tesla shares."
On April 5, a spokesperson for the U.S. Department of Homeland Security said on the 4th that the deportation emails sent recently to a number of Ukrainians legally residing in the United States were "mistakenly sent" and that the Ukrainian humanitarian temporary residence program established after the outbreak of the Russia-Ukraine conflict in 2022 has not been terminated.
On April 5, the U.S. Space Force official website announced that Musks SpaceX, United Launch Alliance and Blue Origin won the U.S. Space Forces rocket launch contract totaling $13.5 billion, valid until 2029. It is reported that these three companies will be responsible for sending some of the Pentagons most sensitive and complex satellites into space. Among them, SpaceX will undertake 28 missions and win a $5.9 billion contract. The United Launch Alliance (ULA), a joint venture between Boeing and Lockheed Martin, undertakes 19 missions with a total contract value of $5.3 billion. Blue Origin, founded by Bezos, won 7 missions with a total contract value of $2.3 billion.
April 5th news, tariffs have made the Feds job more difficult in boosting a weak economy. Morgan Stanley analysts said in a research report: "First, the Fed may be late, and second, its ability to offset the global shift to protectionism is limited. This will only make things less bad. The economic downturn may bring earlier and even faster easing policies."
On April 5, according to Forbes, Tesla has begun selling the 2026 long-range all-wheel drive Model Y, which is priced $10,000 lower than the Launch series and no longer appears on the order page. The new long-range version that has just been launched is priced at $49,990, which is a full $10,000 cheaper than the Launch series, which costs $59,990. The low-priced Model Y has a rated range of 327 miles, accelerates from 0 to 60 miles in just 4.6 seconds, and has a top speed of 125 miles per hour, the same as the Launch series. If the $7,500 federal tax credit is added, the price is $41,490
On April 5, Tickmill analyst Joseph Darrier said in a report: "The decline in oil prices reflects market uncertainty and may suppress global crude oil prices in the short term, especially if trade tensions hinder economic growth in major oil-consuming regions. Volatility may increase as the market digests the full impact of tariffs."
On April 5, Didi announced that it will restart its food delivery business in Brazil under the brand name "99Food" in the near future, and will continue to improve users "one-stop" experience by coordinating diversified services such as local travel and payment in Brazil.
According to Politico: U.S. House Republican Don Bacon said he plans to introduce a companion bill to bipartisan Senate legislation aimed at restoring Congresss authority over tariffs, becoming the first House Republican to publicly challenge the power Trump has used to launch a massive global trade war.
- Fed's Kugler says tariffs could trigger longer-term inflation 2025-04-03
- USDC issuer is preparing for IPO, with strong support from JPMorgan Chase and Citigroup 2025-04-03
- NZD/USD remains under selling pressure below 0.5750 amid Trump's new tariffs 2025-04-03
- Gold rose against the trend after Trump announced reciprocal tariffs! 2025-04-03
Economic Calendar
See More- 16:45USDFed Governor Waller SpeechA: -F: -P: -
- 17:00USDBaker Hughes US Oil Rig CountA: 489F: -P: 484
- 17:00USDBaker Hughes US Total Rig CountA: 590F: -P: 592
- 18:00BRLTrade BalanceA: $8.155 BF: $1.586 BP: $-0.324 B
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