Mei Ri Jing Ji Xin Wen·2025-05-13 21:51Market Overview - US April CPI year-on-year is 2.3%, below the expected 2.4% and previous 2.4% [4] - Core CPI for April is 2.8%, matching expectations and previous values [4] - Market expectations for multiple rate cuts by the Federal Reserve have significantly cooled, with over 80% probability of maintaining rates in June and less than 40% for a cut in July [4] - US stock indices showed mixed results, with Nasdaq up 1.61% and S&P 500 up 0.72%, while Dow Jones fell 0.64% [4] Commodity Prices - COMEX gold futures rose by 0.96% to $3259 per ounce [5] - COMEX silver futures increased by 1.47% to $33.105 per ounce [5] - WTI crude oil for June delivery rose by $1.72 (2.77%) to $63.67 per barrel, while Brent crude for July delivery increased by $2.57 to $66.63 per barrel [6] Trade and Tariff Adjustments - The State Council Tariff Commission announced a reduction in tariffs on US imports from 34% to 10%, with a 90-day suspension of the 24% tariff [7] - The Chinese Foreign Ministry criticized the US for imposing tariffs on fentanyl, stating it severely impacts Sino-US cooperation in drug control [8] Financial Cooperation - The People's Bank of China signed a financial strategic cooperation memorandum with the Central Bank of Brazil, renewing a currency swap agreement worth 190 billion RMB/157 billion Brazilian Real [8] Corporate Developments - JD Group reported Q1 revenue of 301.1 billion RMB, a 15.8% year-on-year increase, significantly exceeding market expectations [17] - Meituan plans to invest $1 billion in Brazil over the next five years to support its food delivery service, Keeta [19] - Huawei announced a product launch event for the nova 14 series and HarmonyOS computers on May 19 [30] Legal and Regulatory Issues - The founder of Red Star Macalline is under investigation, but the company's operations remain normal [21] - Xiaomi won a lawsuit against a competitor for defamation, receiving compensation of 550,000 RMB [32] - Dior confirmed a data breach affecting Chinese customers, prompting an investigation and security measures [25]