Core Viewpoint - U.S. stock futures showed positive movement on Tuesday after a significant selloff in the previous session, indicating potential optimism for December, a historically strong month for markets [1] Group 1: Market Performance - Futures for the Dow Jones Industrial Average increased by 50 points, or 0.1%, following a drop of 427 points on Monday, closing at 47,289 [1] - S&P 500 futures rose by 0.3%, while contracts tracking the tech-heavy Nasdaq increased by 0.4% [1] Group 2: Market Sentiment - The previous day's decline in stocks was attributed to weakened risk sentiment, highlighted by a substantial selloff in Bitcoin and other cryptocurrencies [1] - The anticipation of a potential interest-rate hike in Japan, which could lead to significant Japanese investments moving abroad, resulted in a spike in U.S. Treasury yields, further contributing to the equity selloff [1]

文/李悦 2025年4月初，一场由美国单方面挑起的关税风暴席卷全球，且战争似才开场。政策制定者面临诸 多难题，内需能否抵御外需压力、关税战长期化有哪些储备工具等成关注焦点。 资本市场上，危机在全球蔓延。美股动荡、美债遭抛售、美元指数创新低，资金涌入致黄金价格屡创 新高，市场正在以脚投票的方式表达对美国的信任危机。而中国资本市场展现韧性，A股在4月7 日"黑色星期一"后持续反弹，期间上证指数累计涨幅超6%。 "关税战"走向不明，投资者决策困局重重。美股跌到底了吗？黄金的强劲走势是否还能持续？A股命 运又将如何？哪些资产可能成为新一代"硬通货"？ 围绕上述问题，和讯网对话清华大学国家金融研究院院长、五道口金融学院副院长田轩。 田轩表示，特朗普的关税政策使美国经济不确定性增加，资金逃离美国资产是合理避险，开始寻求新 的避险港湾。若关税战持续，黄金、稀有金属、优质房地产、高信用评级债券和国债等将成为"硬通 货"。 谈及A股，他认为长期来看，A股处于估值低位，受科技创新和内需扩大的双重驱动将稳健向上，科 技、新能源等新兴产业板块配置价值高。 01 关税博弈从贸易摩擦转向战略对抗 和讯网：您判断关税战会长期存在吗？若长期 ...