4E: Expectations of trade easing ignite the market, and U.S. stocks and crypto markets surge
On April 23, according to 4E monitoring, Trump made remarks on Tuesday to soften the tariff policy, saying that tariffs on China are too high and the tax rate is expected to be significantly reduced. Under the optimistic expectations of Sino-US tariff negotiations, global trade tensions have eased, risk sentiment has boosted, and U.S. stocks have soared. The S & P 500 closed up 2.5%, the Dow rose 2.66%, and the Nasdaq rose 2.71%. Large technology stocks regained their losses from the previous day, with the Big Seven index rising 2.84%. The crypto market has collectively risen, and Bitcoin has continued to perform strongly. It broke through the US$90,000 mark last night and accelerated its pace. After Trump withdrew his earlier threat to fire Federal Reserve Chairman Powell, it once pushed up US$94,000 this morning, setting a new high since the beginning of March, now at US$93063, an intraday increase of 5.6%. Ethereum reversed its recent decline and rose strongly by 14% to exceed US$1800. The copycat market collectively rose, and the total market value of encryption rose by 5.4%. Trump's tariff softening remarks and his moderate stance on Powell turned the investment climate from original worries to optimism. Next, the progress of trade negotiations and the direction of the Federal Reserve's monetary policy will become the focus of attention.
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