Global news you need to know before Monday's U.S. stock market opens

Interest rate cut expectations rise! The market bets that the Federal Reserve will cut rates five times this year, with even the possibility of an emergency cut next week. The Federal Reserve will hold a closed-door meeting on April 7. From 35% to 45%! A week later, Goldman Sachs once again raised the probability of a U.S. recession. The Central Committee of the Communist Party of China and the State Council issued the "Plan for Accelerating the Construction of a Strong Agricultural Country (2024-2035)." The Ministry of Commerce: As always, providing guarantees for foreign-funded enterprises in China, including U.S. companies. Traders have increased bets on the European Central Bank cutting rates, expecting four more cuts in 2025. Ontario Premier FORD: Will provide CAD 11 billion in emergency relief and support. The Bank of Japan hints at increasing caution regarding tariff impacts, with traders' bets on Bank of Japan rate hikes weakening. According to Kyodo News, Japan is considering formulating a supplementary budget to address tariffs and inflation. Thailand will temporarily ban short selling of stocks to stabilize the market. Bank Indonesia intervenes in the offshore NDF market to stabilize the Indonesian rupiah exchange rate. Chen Maobo responds to the impact of U.S. tariffs on Hong Kong stocks: Hong Kong's financial system is quite robust. Microsoft responds to rumors of halting operations in China: The information is inaccurate. "Black Monday"! European and American stock markets plummet, with the German DAX index dropping 10% at one point, Tesla falling 10% at one point, oil prices dropping below $60, and the U.S. yield curve reaching its steepest state since 2022, while the Nikkei 225 index enters a bear market. The Nikkei 225 index closed down 7.8%, the Shanghai Composite Index closed down 7.34%, and the Hang Seng Index closed down 13.22%