Global news you need to know before the U.S. stock market opens on Wednesday

Wallstreetcn
2025.04.30 13:00

The external environment is changing rapidly, with China's official manufacturing PMI falling to 49 in April, and the non-manufacturing PMI at 50.4. The U.S. economy is in recession, with the first quarter's real GDP annualized preliminary value at -0.3%, and the core PCE index at 3.5%, exceeding expectations. In April, U.S. ADP employment increased by 62,000, falling short of expectations, marking the lowest growth rate in nine months. The U.S. has set the quarterly refinancing bond issuance scale at $125 billion, in line with expectations. The Eurozone economy unexpectedly rebounded, with the first quarter GDP preliminary quarter-on-quarter growth at 0.4%, higher than expected, while Germany and France barely achieved growth. The U.S.-Ukraine mineral agreement is expected to be signed as early as today. Goldman Sachs: The dollar is falling, Asian currencies are rising, with the renminbi and Singapore dollar being the most favored. World Gold Council: Global gold demand hit a record high in the first quarter, with trade tensions triggering a surge in ETF investments. Mercedes, Stellantis, and General Motors have withdrawn their 2025 performance guidance, while Porsche and Volvo have lowered expectations or cut costs. Mitsui O.S.K. Lines' financial report has shocked the market, with tariff panic spreading, leading to a sharp decline in the stock prices of Japan's three major shipping companies. Xiaomi launched its first inference open-source large model Mimo, defeating OpenAI's o1-mini and Alibaba's QwQ-32B-Preview with 7 billion parameters. Super Micro Computer's stock fell over 16% in pre-market trading, as the company's performance forecast fell far short of expectations. Social media platform Snap's stock dropped over 14% in pre-market trading, as the company withdrew its second-quarter revenue guidance. Starbucks' stock fell over 8% in pre-market trading, as the company's global sales in the second quarter declined more than expected. The Nikkei 225 index closed up 0.6%; the Shanghai Composite Index closed down 0.23%; the Hang Seng Index closed up 0.51%