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

Wallstreetcn
2025.05.15 13:02

Li Qiang: Strengthening the domestic circulation is a strategic move to promote stable and long-term economic growth.
The General Office of the CPC Central Committee and the General Office of the State Council issued opinions: Support eligible projects through ultra-long-term special government bonds.
China Securities Regulatory Commission: Adhere to "pursuing the main offenders," strictly and swiftly punish illegal reductions in holdings, and focus on cracking down on insider trading, market manipulation, and other illegal activities.
Federal Reserve Chairman Jerome Powell: Adjusting the monetary policy framework and reconsidering the average inflation target is appropriate; long-term interest rates may rise.
U.S. April PPI rose 2.4% year-on-year, lower than expected, and fell 0.5% month-on-month, marking the largest decline in five years.
U.S. April retail sales slightly exceeded expectations with a 0.1% month-on-month increase, revealing signs of weak consumer spending.
Alibaba's Q4 revenue grew 7% year-on-year, below expectations, with Alibaba Cloud accelerating growth at 18%, and AI revenue experiencing triple-digit growth for seven consecutive quarters.
Advisor to Iran's Supreme Leader: Iran is willing to commit to never developing nuclear weapons in exchange for the U.S. lifting sanctions.
Indian stock market maintains upward momentum; Trump states that India has proposed eliminating all tariffs on U.S. goods.
The U.K. reported a 0.7% quarter-on-quarter GDP growth in Q1, the best performance in four quarters.
Trump pressures Cook: Does not want Apple to build factories in India!
NetEase's U.S. stock pre-market rose over 7%, with the company’s Q1 revenue exceeding expectations.
U.S. pre-market: All three major U.S. stock index futures fell, with Alibaba down over 5%, oil prices down over 3%, and the dollar against the yen down 0.7%.
Nikkei 225 index closed down 1%, Shanghai Composite Index closed down 0.68%, and Hang Seng Index closed down 0.79%

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