U.S. Nasdaq futures rose 2%, Tesla rose nearly 5%, European stocks opened higher collectively, and gold fell below $3,300

Source: Wall Street News

US President Donald Trump's indication that he has no intention of firing Federal Reserve Chairman Jerome Powell, along with the optimistic expectations that trade tensions may ease, have led to a rise in risk sentiment in global markets. Stock index futures in Europe and the US have increased, and the Japanese stock market has soared significantly. The US dollar index has edged higher slightly, gold has dropped below $3,300, and Bitcoin has broken through the $90,000 mark for the first time since early March.

Trump's comments on the Federal Reserve Chairman on Tuesday, local time, retracted the remarks that had raised market concerns about the independence of the US central bank earlier this week. He said that although he was dissatisfied with the Federal Reserve's failure to cut interest rates more quickly, he had no intention of firing Federal Reserve Chairman Powell.

In addition, it is reported that US Treasury Secretary Bessent said at a closed-door investors' meeting on April 22 that the tariff deadlock is unsustainable and the situation is expected to ease in the near future. US Treasury Secretary Bessent said that he would speak about the state of the global financial system at 10:00 am EST on Wednesday. At that time, the market will closely monitor Bessent's comments on the financial market.

Chris Weston, the head of research at Pepperstone, said that although it is still in the early stages, market sentiment is clearly changing. Stuart Kaiser, the head of stock trading strategy at Citigroup, also pointed out that with an eye on the tariff negotiations between the US and its key trade allies, good progress will be seen, which is beneficial to the market.

Asian stock markets rose, and stock index futures in Europe and the US also increased as market optimism about the tariff negotiations grew. Asian stock indexes gradually recovered the declines since April 2. The stock indexes of South Korea and Australia also achieved this today. India last week became the first major global market to erase such declines. Safe-haven assets such as gold and the Japanese yen were under pressure, while US Treasury bonds rose.

**Stock market**: Nasdaq futures rose 2%, S&P 500 index futures rose 1.65%; the Nikkei 225 index closed up 1.89% at 34,868.63 points. The South Korean KOSPI index closed up 1.57% at 2,525.63 points. The stock markets of South Korea and Australia both recovered all the ground lost since the US tariff policy on April 2.

**Foreign exchange market**: The US dollar index turned down 0.36%; the euro-dollar rose 0.33% to 1.1410; the Japanese yen-dollar rose 0.44% to 141.73.

**Cryptocurrencies**: Bitcoin rose 2.1% to above $93,000; Ethereum rose 3.3% to $1,752.73.

**Commodities**: WTI crude oil futures rose 1.5% to $64.66 per barrel; spot gold fell more than 2% during the day.

【16:00】

Before the opening of the US stock market, Tesla rose nearly 5%. Tesla's Q1 profit plummeted by 40%, far below expectations, but it still plans to start producing new cars, including low-priced cars, in the first half of the year. Popular technology stocks generally rose. NVIDIA rose more than 3%, Apple rose more than 2%. Intel's stock price rose 3% after previously planning to lay off more than 20% of its employees.

【15:03】

European stocks opened higher collectively. German stocks rose 2.4%, French stocks rose 0.53%, and British stocks rose 1.06%. Germany's SAP rose 11%, the largest increase since April 2019, after releasing its first-quarter results. The 10-year UK Treasury bond opened higher, and the yield dropped 2 basis points to 4.52%.

【14:56】

Spot gold broke below the $3,300 mark, hitting a low of $3,297.77 per ounce, plunging nearly 2.5% during the day and falling back $200 from yesterday's all-time high. COMEX gold futures fell more than 3% during the day and are now quoted at $3,310.

【14:23】

The gains of the three major US stock index futures expanded. Nasdaq futures rose 2%, S&P 500 index futures rose 1.65%, and Dow Jones futures rose 1.26%.

【14:07】

Spot gold continued to decline, hitting a low of $3,307.97 per ounce during the day, falling more than 2%, and is now quoted at $3,310.76 per ounce.

【13:45】

Spot gold declined sharply in the short term and is now quoted at $3,322 per ounce, down 1.72% during the day.

【12:03】

India's NIFTY IT index continued its upward trend, rising 3.4% latest.

The yield on India's 10-year benchmark Treasury bond dropped to 6.2981%, the lowest level since November 10, 2021.

【10:49】

The weighted stock price index of the Taiwan Stock Exchange in China rose 4%.

【10:33】

As of the end of the morning session, the Nikkei 225 index and the Topix index rose 1.7%.

【09:47】

The US dollar index gave up its intraday gains and further declined, approaching the 99 mark, quoted at 99.07.

Spot gold turned up during the day and is now quoted at $3,384.76 per ounce, rebounding about $70 from the daily low.

【08:26】

European Stoxx 50 index futures rose 1.7%.

The Nikkei 225 index rose about 2.5%.

The stock markets of South Korea and Australia rose more than 1%, recovering all the ground lost since the US tariff policy on April 2. Overnight, Trump and Bessent dominated the market's "change of face", and US stocks soared.

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