海外市场周观察：美国通胀回落与关税博弈交织

Group 1 - The report highlights significant volatility in the US market due to fluctuating tariff policies and inflation concerns, with the S&P 500 and Russell 2000 indices experiencing notable movements [2][9] - The US CPI data for March showed a year-on-year rate of 2.4%, down from 2.8% in the previous month, indicating a downward trend in inflation [3][10] - The US Customs and Border Protection (CBP) exempted certain electronic products from tariffs, which is expected to benefit technology companies significantly [2][9] Group 2 - The report indicates that the Nasdaq Composite Index had the highest weekly gain at 7.29%, while the Hang Seng Index saw the largest decline at 8.47% [34][37] - In the commodities market, CBOT soybeans rose by 6.80%, while cotton fell by 5.18%, reflecting mixed performance across different asset classes [51][52] - The 10-year US Treasury yield increased by 47 basis points to 4.48%, indicating a rise in long-term interest rates [56][60] Group 3 - The report notes that the US labor market remains resilient, with initial jobless claims for the week ending April 5 recorded at 223,000, slightly above the previous week's figure [10][11] - The NFIB Small Business Optimism Index for March decreased to 97.4, down from 100.7 in the previous month, suggesting a decline in small business confidence [10][11] - The report emphasizes the need to monitor ongoing tariff negotiations and potential retaliatory measures from other countries, as these could impact inflation and economic growth [2][9]