British Prime Minister Theresa May was hit again, and the Speaker of the House of Commons refused the parliament to vote on its Brexit agreement unless there was a major change in the agreement. The US Agriculture Minister said that the US-Sino trade talks are still being very actively carried out. Chinese central bank officials stressed that financial risks are still prominent and that policy reserves should be made.
- The Dow Jones Industrial Average closed at 25,914.10 points, increased by 65.23 points or 0.25%. The Standard & Poor’s 500 Index closed at 2,832.94 points, increased by 10.46 points or 0.37%. The Nasdaq index closed at 7,714.48 points, increased by 25.95 points or 0.34%.
- According to the information of US Secretary of Agriculture, US-Sino trade negotiations are still very active. China has already proposed very attractive purchase amounts of agricultural products.
- Former New York Fed President Dudley expected that the US economy will be quite weak in the first quarter, but if the economy accelerates again and inflation starts to rise, it may re-tighten the policy later this year.
- The UK’s FTSE 100 index closed at 7,299.19 points, increased by 70.91 points or 0.98%. The Frankfurt DAX index closed at 11,657.06 points, decreased by 28.63 points or 0.25%. The French CAC40 index closed at 5,412.83 points, increased by 7.51 points or 0.14%.
- The Speaker of the House of Commons of the United Kingdom refused to re-elect a parliamentary vote on Teresa May’s Brexit agreement, which announced that unless May made a major amendment to the Brexit agreement, it would not conduct a third vote.
- European Central Bank official Rehn said that recent indicators showed that economic activity had significantly weakened.
- Japan’s Nikkei 225 index closed at 21,584.50 points, increased by 133.65 points or 0.62%. The yen closed at 111.480 against the US dollar, increased by 0.215%.
- The Japanese financial market will be closed from April 27 to May 6. In the face of the longest holiday period for 70 years, the country’s major insurance companies are taking measures to prevent sudden changes in the yen during the holiday period.
- The Shanghai Composite Index closed at 3,096.42 points, increased by 74.67 points or 2.47%. The Shanghai and Shenzhen 300 Index closed at 3,851.75 points, increased by 106.74 points or 2.85%. The RMB closed at 6.714 against 1 US dollar, increased by 0.001%.
- Han Zheng, the Chinese Vice Premier stressed that it is necessary to always adhere to Xi Jinping’s positioning requirements, which the house is used for living, not for speculation, to stabilize prices, housing prices, and expectations.
- According to the director of the Financial Stability Bureau of the People’s Bank of China, financial risks are still prominent. It is necessary to make adequate preparation for policy reserves, which is not allowed risks to spread.