券商中国·2025-05-25 14:31Core Viewpoint - The article discusses the significant impact of potential tariffs on the financial markets, particularly focusing on the threat of a 50% tariff on the EU by the U.S. and its implications for global trade and economic indicators [2][3]. Tariff Impact - President Trump has threatened to impose a 50% tariff on the EU starting June 1, which could be devastating for the EU if negotiations do not progress [2][3]. - European markets reacted sharply, with the Eurozone index dropping by 1.8%, and major indices in Germany, France, and Italy also experiencing significant declines [4]. - The U.S. dollar faced a sell-off, dropping 0.82% against a basket of currencies, with a cumulative decline of nearly 2% for the week [4]. Federal Reserve Guidance - The Federal Reserve's actions are under close scrutiny amid tariff uncertainties, with Chairman Powell expected to provide insights on monetary policy in a speech on May 26 [5]. - The Fed's recent decision maintained the policy rate at 4.25%-4.50%, marking the third consecutive meeting without changes [6]. - The upcoming release of the May FOMC meeting minutes is anticipated to shed light on the Fed's views regarding monetary policy and inflation concerns related to tariffs [7]. Earnings Reports - Nvidia is set to release its Q1 earnings report for FY2026 on May 28, with expectations of a revenue increase to $43.274 billion, a 66% year-over-year growth [9]. - Other companies like Meituan, Pinduoduo, and Xiaomi are also scheduled to report earnings, with expectations of double-digit revenue growth for Pinduoduo, Meituan, and Xiaomi [10]. - Meituan's revenue is projected to reach 86.519 billion yuan, a year-over-year increase of 18.07%, while Pinduoduo's revenue is expected to be 103.368 billion yuan, a 19.07% increase [10].