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

Wallstreetcn
2025.05.13 12:59

After the US and China reached a tariff agreement, foreign investment banks have raised their economic growth forecasts for China.
The State Administration for Market Regulation and four other departments have interviewed food delivery platform companies.
Inflation cools down! The US April CPI rose 2.3% year-on-year, the lowest growth rate since February 2021.
JD.com’s Q1 revenue and net profit exceeded expectations, with new business revenue increasing by 18.1% but losses doubling.
Bessenet: The EU may have a "collective action problem" in trade.
India has proposed measures to counter Trump's second-term tariffs for the first time, with Indian stocks falling over 1%.
According to Bloomberg, the US will expand Saudi Arabia's access to artificial intelligence chips.
Bank of America’s monthly institutional survey: "Long gold" remains the most crowded trade, while dollar allocation has dropped to the lowest level since 2006.
Optimism in trade is rising, Goldman Sachs has lowered its US recession expectations and raised its S&P 500 target price.
Bank of England Chief Economist Pill: Interest rates may need to remain high.
According to Bloomberg, Musk, Altman, Jensen Huang, and others will have lunch with Trump and the Saudi Crown Prince in Riyadh.
Driven by AI demand, SoftBank's Q4 net profit increased by 123.9% year-on-year, marking its first profit in four years.
US stock pre-market: US three major stock index futures are mixed, Japanese stocks are poised for the longest rally since 2009, and European stocks are rising.
The Nikkei 225 index closed up 1.4%, the Shanghai Composite Index closed up 0.17%, and the Hang Seng Index closed down 1.87%