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Bank of America reveals the motivation behind Trump's reform: one-third of GDP comes from fiscal expenditure, and 85% of new jobs rely on the government...
Bank of America pointed out that in the past, the growth of the USA economy has relied on unsustainable government support and protectionist policies. The Trump administration is trying to shift the USA economy's growth from an inefficient, debt-driven government growth model to an efficient, self-funding private sector growth model. Bank of America believes that this is a difficult but necessary process.
China Securities Huachuang's commentary on the USA February CPI data: CPI is lower than expected, but US Treasury yields are rising?
Looking ahead, the recent avoidance by White House officials in their public statements regarding the possibility of an economic recession, combined with the uncertainty surrounding tariff policies, will continue to hinder the further repair of risk appetite.
The number of initial unemployment claims in the USA slightly decreased to 0.22 million, below expectations.
As of the week ending March 8, the number of initial jobless claims decreased by 2,000 to 0.22 million. A survey of economists indicated that the median forecast for initial jobless claims was 0.225 million.
JPMorgan: The recent decline in U.S. stocks has "reached its point," and a steady recovery is highly likely moving forward.
JPMorgan pointed out that the crowded trades of Hedge Funds experienced a significant decline over the past month, nearing the worst levels of the past few years, indicating that much of the market adjustment may have been completed. Although the overall leverage ratio remains high, it has begun to gradually decrease. JPMorgan believes that the most ideal scenario for the market is a steady recovery, with volatility gradually decreasing, thereby providing more room for risk adjustment.
Signs of recession? From daily necessities to luxury goods, consumer spending in the USA is weak across the board.
Faced with ongoing tariff pressures, stubborn inflation, and new concerns about economic recession, American consumers are tightening their wallets comprehensively. Retailers like Target, Foot Locker, and Lowe’s reported weak demand in February; 'affluent customers shopping at Macy’s are also feeling uncertain, confused, and worried about what is happening.'
Inflation easing cannot counter worries about growth! The three major U.S. stock index futures fell, and the dollar strengthened.
Equity Index futures in the USA and Europe all declined, with S&P 500 Index futures falling by 0.41%, NASDAQ 100 Index futures dropping by 0.64%, and Dow Jones Industrial Average futures decreasing by 0.25%. European Stoxx 50 Index futures fell by 0.1%.