苹果(AAPL.O)上涨1.3%，此前美国法院阻止了特朗普的大部分关税措施。 ...

特朗普关税措施被叫停后，主要政府债券下跌 金十数据5月29日讯，美国联邦贸易法院驳回特朗普的全球关税，可能刺激了资金逃离主权债务等避险 资产，导致主要政府债券价格下跌。10年期日本国债收益率上升1个基点，至1.525%；美国10年期国债 收益率上升4个基点，至4.5186%；澳大利亚10年期国债收益率上升4个基点，至4.3740% ...

Group 1 - The Japanese government and the United States believe that reaching an agreement quickly would be beneficial for both parties [1] - Japan's chief negotiator, Economic Revitalization Minister Ryosei Akazawa, met with U.S. Commerce Secretary Gina Raimondo in Washington, D.C. to discuss tariff measures [1]

Core Viewpoint - The U.S. Treasury Secretary stated that the 90-day suspension of tariff measures implemented on April 2 is based on good faith negotiations [1] Group 1 - President Trump believes that the European Union's proposal is less favorable compared to other proposals [1] - Trump's threat of a 50% tariff is a response to the pace of negotiations with the European Union [1] - It is expected that the Senate will not make significant modifications to the budget proposal [1]

Energy - Syria's Energy Minister announced commitment to complete the natural gas pipeline project with Turkey, with supply expected to start in June [1] - Turkey's Energy Minister stated that Turkey will provide 1,000 megawatts of electricity and 2 billion cubic meters of natural gas daily to Syria [3] - Egypt is negotiating to purchase 40 to 60 liquefied natural gas (LNG) cargoes this year to address a worsening energy crisis [3] - Japan's government indicated that it will not seek energy conservation measures this summer [3] - Germany's Chancellor supports the ban on the Nord Stream gas pipeline to prevent a reconnection between the US and Russia [3] Steel and Agriculture - The World Steel Association projected that China's crude steel production will remain flat year-on-year at 86 million tons by April 2025 [3] - The US Department of Energy designated coal used for steelmaking as a critical material [3] - The South Korean Ministry of Finance will closely monitor the impact of US tariffs on agricultural and food exports and develop support measures [3] - The EU Parliament supports imposing high tariffs on fertilizers and agricultural products from Russia and Belarus [3] - The Russian Industrial Association warned that EU tariff measures against Russia will lead to significant increases in global food and fertilizer prices [3] - Russia will not lower the minimum price recommendations for wheat traders before the end of the export season on July 1 [3]

Group 1: US Dollar - The US House of Representatives is set to vote on Trump's tax reform bill [2] - US Commerce Secretary Ross expressed the desire to reach trade agreements with "most" major partners before the expiration of tariff suspensions this summer [2] - National Economic Council Director Hassett stated that if a 3% growth is achieved, Trump's tax plan could balance the budget, predicting economic growth to exceed 3% [2] - A Reuters survey indicated that all 41 economists believe Trump's policies have negatively impacted the US economy, with 23 stating the impact is significant; the US economy is expected to grow by 1.4% in 2025 and 1.5% in 2026, consistent with April's survey [2] Group 2: Non-US Major Currencies - Japanese central bank board member Noguchi stated that there is no need for significant adjustments to the existing balance sheet reduction plan, with intervention only necessary in case of "serious disruptions" in the bond market [3] - The US Treasury confirmed that the current USD/JPY exchange rate reflects fundamental conditions, with no discussions on exchange rate levels [3] - A Reuters survey revealed that two-thirds of Japanese companies want the Bank of Japan to pause interest rate hikes due to Trump's tariff measures [3] - The German Economic Expert Council downgraded its 2025 economic growth forecast for Germany from 0.4% to 0.0% [3] - European Central Bank Vice President de Guindos noted that Eurozone bond yields have decoupled from the US, with the interest rate differential remaining manageable; to prevent inflation from falling below 2%, rates may need to drop below the neutral rate of 1.5%-2% [3] Group 3: Other Developments - The Thai Commerce Minister expressed a desire for a weaker Thai Baht [4] - Bank of America recommended a bullish stance on the Euro against the Mexican Peso, stating that the Peso is overvalued [4] - The Bank of Indonesia cut its benchmark interest rate by 25 basis points, lowering the 7-day reverse repo rate to 5.5%, in line with market expectations [4]

Core Viewpoint - A Reuters survey indicates that two-thirds of Japanese companies are urging the Bank of Japan to pause interest rate hikes due to the impact of Trump's tariff measures [1] Group 1 - The survey reflects concerns among Japanese businesses regarding the economic implications of U.S. tariffs [1] - Companies are worried that rising interest rates could further strain their operations amid the ongoing trade tensions [1] - The sentiment among Japanese firms highlights the potential for a slowdown in economic growth if the Bank of Japan proceeds with rate increases [1]

卡塔尔中央银行行长班达尔·阿勒萨尼20日在首都多哈表示，美国贸易政策和关税措施对卡塔尔经济的 间接影响令人担忧。 ...

摩根大通(JPM.N)CEO戴蒙：自关税措施实施以来，我们失去了一些全球客户，因为他们选择本地贷款 机构。 ...

Group 1 - The current state of the U.S. fiscal situation is highlighted in a recent prediction by David Kotok, co-founder and former CIO of Cumberland Advisors, who manages $3.3 billion in assets [1] - Kotok estimates that U.S. tariff measures will reduce S&P 500 earnings per share by $30 over the next 12 months, decreasing the expected earnings from $260 to $230 [1] - He notes that if the combined pressures of tariffs and economic slowdown persist, earnings per share could fall to the range of $200-220, leading to an S&P 500 index drop to 4000-4400 points based on a 20x price-to-earnings ratio [1] Group 2 - In a pessimistic scenario, the S&P 500 index could drop below 4000 points, but if tariffs remain at an initial expected rate of 10% and the U.S. service trade surplus faces only mild retaliation, the index could hold around 5000 points [2] - Kotok emphasizes that a shift in Trump’s policies could alter the trajectory, and a financial crisis triggering Federal Reserve intervention would significantly reshape the landscape [2]