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

Wallstreetcn
2025.05.22 13:18

The U.S. House of Representatives passed the revised Trump tax bill and submitted it to the Senate.

Federal Reserve's Waller: The tax cut bill triggered a sell-off in U.S. Treasuries, and if tariffs stabilize, interest rates will be cut in the second half of the year.

Eurozone May PMI unexpectedly shrank, with the services sector posting its worst performance in 16 months.

Bank of Japan's Noguchi Akira: The Bank of Japan's plan to reduce government bond purchases does not require significant adjustments.

Xiaomi press conference: The Xuanjie O1 chip debuts, aiming to benchmark against Apple, with the YU 7 launching in July.

BYD's sales in Europe surpassed Tesla for the first time, with April sales soaring 169%.

Lenovo's Q4 net profit fell 64% year-on-year; under the "order front-loading" effect, revenue grew 23% year-on-year.

Nikkei 225 index closed down 0.8%; Shanghai Composite Index closed down 0.22%; Hang Seng Index closed down 1.19%

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