海外周报第 128 期：春节假期海外四大要闻

Market Performance - Global major stock indices mostly rose, with the Korean Composite Index, French CAC40, and FTSE 100 leading gains at 5.5%, 2.5%, and 2.3% respectively from February 16 to 20[2] - Global 10-year government bond yields mostly declined, with Japanese, French, British, and Italian bonds down by 6.1bps, 3.8bps, 2.7bps, and 2.3bps respectively, while the 10-year US Treasury yield increased by 4.0bps[2] - Major commodities saw price increases, with Brent crude oil and WTI crude oil rising by 5.9% and 5.7% respectively during the same period[2] Currency Movements - The Japanese yen and British pound experienced significant declines of 1.5% and 1.3% respectively, while the US dollar index rose by 0.9%[3] Geopolitical Events - The US-Iran crisis escalated, with WTI crude oil prices rising from approximately $62.33 to $66.39, marking a 6.5% increase, as tensions in the region heightened[3] - The FOMC meeting minutes indicated a neutral yet hawkish stance, with market expectations for a potential rate cut of about 60 basis points this year, reflecting a slight easing compared to previous expectations[4] Legal and Trade Developments - The US Supreme Court ruled against Trump's "emergency" tariffs, impacting the administration's trade policy significantly[5] - Following the ruling, Trump announced a new 10% tariff on global imports for 150 days, which he later proposed to increase to 15%[7] Economic Policy Changes - Japan's Prime Minister Suga retained his position, promoting a fiscal policy focused on significant tax cuts and public investment, which is expected to boost Japan's GDP growth forecast for 2026[8]