融达期货宏观日报0425

Group 1: Macro Economic Insights - Federal Reserve Governor Waller indicated that a significant decline in the job market could lead to more rapid interest rate cuts by the Fed, especially if unemployment rises significantly[1] - Cleveland Fed President Hammack ruled out a rate cut in May but suggested that the Fed could act as early as June if economic data provides a clear direction[1] - Trump is considering a tiered tariff scheme on China, with a proposed 35% tariff on one category of goods and at least a 100% tariff on another, maintaining a hardline stance on tariffs[1] Group 2: Commodity and Market Performance - Domestic commodity futures showed mixed results, with energy and chemical products mostly declining; styrene fell by 1.82% and glass by 1.05%, while crude oil rose by 1%[2] - Basic metal futures generally increased, with SHFE zinc up by 1.44% and SHFE tin by 1.30%[2] - NYMEX crude oil closed at $62.77, down 21.11% year-on-year, while COMEX gold rose by 1.81% to $3361.30, up 42.85% year-on-year[3] - The Shanghai Composite Index closed at 3297.29, reflecting a 4.53% increase year-on-year, while the Hang Seng Index fell by 0.74%[3] - The US dollar index decreased by 0.62% to 99.29, down 5.64% year-on-year[3]