Reports indicate that the EU plans to make concessions to Trump, European stocks rose slightly, U.S. stocks opened lower, and gold continued to reach new highs

On the 28th, Friday, concerns about Trump's tariff policy continued to grow. The latest PCE data shows that the U.S. February PCE price index rose 2.5% year-on-year, in line with expectations and unchanged from the previous value, and increased 0.3% month-on-month, also in line with expectations. Swap traders expect interest rate cuts of about two times this year, with the first occurring in July.

According to Bloomberg, the European Union plans to make concessions to Trump to ensure the partial lifting of U.S. tariffs that have begun to affect EU exports, and further increases are expected after April 2. European stocks rose slightly, with the UK FTSE 100 index currently up 0.1%. The euro rose slightly against the dollar, currently reported at 1.0795.

U.S. stocks opened lower, with all three major indices declining, and popular Chinese concept stocks fell broadly.

• The three major U.S. stock indices opened lower, with the Dow down 0.21%, the S&P 500 down 0.3%, and the Nasdaq down 0.46%.
• Popular Chinese concept stocks fell broadly, with Baidu down over 3%, Bilibili down nearly 3%, XPeng and Pinduoduo down about 2%, and Alibaba down 1.5%.
• European stocks rose slightly, with the UK FTSE 100 index currently up 0.1%.
• The U.S. dollar index changed little. The euro rose slightly against the dollar, currently reported at 1.0795.
• The onshore RMB against the U.S. dollar was officially reported at 7.2637 at 16:30 Beijing time, up 18 points from the previous trading day's official closing price, and down 17 points from the previous day's night session closing.
• The yield on the 10-year U.S. Treasury bond rose 1 basis point to 4.36%.
• Spot gold rose 0.5% to $3,073 per ounce.
• West Texas Intermediate crude oil rose 0.2% to $69.79 per barrel.
• Bitcoin fell 0.3% to $87,052.04.

For the market, the question is whether anything can overshadow the tariff noise, said Chris Larkin of Morgan Stanley E*Trade. The inflation data released tonight will provide more clues about the price and economic activity pressures related to tariffs.

Mark Haefele of UBS Global Wealth Management stated:

“The threat of further escalation of tariffs remains a key issue, but our economic forecast does not predict a recession in the U.S.”

【21:32】

The three major U.S. stock indices opened lower, with the Dow down 0.21%, the S&P 500 down 0.3%, and the Nasdaq down 0.46%.

Popular Chinese concept stocks fell broadly, with Baidu down over 3%, Bilibili down nearly 3%, XPeng and Pinduoduo down about 2%, and Alibaba down 1.5%.

【21:08】

According to Bloomberg, the European Union plans to make concessions to Trump to ensure the partial lifting of U.S. tariffs that have begun to affect EU exports, and further increases are expected after April 2. European stocks rose slightly, with the UK FTSE 100 index currently up 0.1%. The euro rose slightly against the dollar, currently reported at 1.0795

【20:34】

After the release of PCE data, the three major U.S. stock index futures fell slightly, with Nasdaq futures down 0.46% for the day, S&P 500 index futures down 0.33%, and Dow futures down 0.24%.

【19:34】

The British pound fell 0.2% against the U.S. dollar, to 1.2929.

Eli Lilly's U.S. stock fell nearly 1% in pre-market trading, as its kisunla failed to receive EU approval for early Alzheimer's disease.

【16:49】

In pre-market trading, most popular Chinese concept stocks fell, with Nio and Baidu down over 2%, and XPeng down nearly 1.5%. European stocks opened lower collectively, with Germany's DAX 30 index down 0.48%, the UK's FTSE 100 index down 0.22%, France's CAC 40 index down 0.52%, and the Euro Stoxx 50 index down 0.54%.

Spot gold rose 0.5% to $3,073 per ounce.