Group 1: US Economic Policy - Trump's tariff policy remains inconsistent, with a 25% tariff on Mexico and Canada set to take effect on April 2, 2025[8] - February's non-farm payrolls added 151,000 jobs, below the expected 160,000, with government jobs contributing only 11,000, the lowest in 10 months[13] - Unemployment rate increased to 4.1%, higher than the previous 4.0%[13] Group 2: European Economic Policy - Germany plans to establish a €500 billion special fund and relax debt limits to stimulate the economy[21] - The EU proposed an €800 billion plan to "rearm Europe"[21] - The European Central Bank (ECB) lowered rates by 25 basis points, signaling a potential end to rate cuts[22] Group 3: Global Market Trends - US stock indices fell: S&P 500 down 3.1%, Dow Jones down 2.4%, and Nasdaq down 3.5%[28] - European STOXX 600 index decreased by 0.7%, while Germany's DAX rose by 2.0%[28] - Asian markets saw the Hang Seng Tech Index rise by 8.4%[28] Group 4: Bond Market Developments - US 10-year Treasury yield rose by 8 basis points to 4.32%[32] - 2-year Treasury yield remained stable at 3.99%[32] - German 10-year bond yield surged by 45 basis points to 2.83%[32] Group 5: Commodity Price Movements - Brent and WTI crude oil prices fell by 3.9%, closing at $70.4 and $67.0 per barrel, respectively[34] - Gold prices increased by 3.4%, reaching $2931 per ounce[34] - Silver prices rose by 4.4% during the same period[34] Group 6: Currency Fluctuations - US Dollar Index dropped by 3.4% to 103.89, with the Euro appreciating by 4.4% against the dollar[36] - British Pound increased by 2.7% against the dollar[37] - Japanese Yen depreciated by 1.7% against the dollar[37]
海外宏观周报：美国关税反复，欧洲财政转向
Ping An Securities·2025-03-10 02:05