全球市场观察2025.2.28

Market Performance - Chinese stock market experienced a pullback on February 27, with technology, telecommunications, and materials sectors leading the decline[1] - In the US, the Nasdaq saw its largest single-day drop since the DeepSeek impact, driven by declines in technology, utilities, and telecommunications sectors[1] Economic Indicators - US initial jobless claims rose, indicating potential economic stagnation, while January pending home sales hit a historical low due to high prices and interest rates[1] - The Kiel Institute estimates that a 25% tariff from the US on the EU could lead to a 0.4% loss in the EU economy and a 0.17% loss in the US economy in the first year[1] Currency and Commodity Movements - The US dollar index increased, while the euro fell sharply against the dollar due to rising risk aversion from tariff threats[1] - Oil prices rebounded amid mixed signals from OPEC+ regarding production increases, with some members supporting an increase while others opposed it[1] - Gold prices declined as a stronger dollar put pressure on the commodity, and industrial metals like copper also fell due to tariff concerns[1]