British Prime Minister Theresa May sought to work with the opposition party, Labor Party, to discuss the Brexit draft with a view to breaking the current stalemate. It is reported that the Labour Party leaders have expressed their willingness to discuss with Theresa May. The president of the IMF said that the global economy has become weak since January, and the WTO has also revised its global trade growth forecast to the lowest level within last three years.
- The Dow Jones Industrial Average closed at 26,179.13 points, decreased by 79.29 points or 0.30%. The Standard & Poor’s 500 Index closed at 2,867.24 points, increased by 0.05 points or 0.00%. The Nasdaq index closed at 7,848.69 points, increased by 19.78 points or 0.25%.
- The US commercial equipment orders suffered third decline within four months, indicating that corporate investment is still being suppressed since the global economic slowdown and the Sino-US trade war.
- The spokesperson of White House claimed that the White House Economic Advisory Board is studying the potential impact of closing the US-Mexico border, and they believe that closing the border is not the best option for the government.
- The UK’s FTSE 100 index closed at 7,391.12 points, increased by 73.74 points or 1.01%. The Frankfurt DAX index closed at 11,754.79 points, increased by 72.80 points or 0.62%. The French CAC40 index closed at 5,423.47 points, increased by 17.94 points or 0.33%.
- British Prime Minister Theresa May sought to work with the opposition party, Labor Party, to discuss the Brexit draft, with an aim to break the current stalemate and avoid the Hard Berxit.
- Reuters reported that the EU will warn the G20 countries that trade tensions are hindering the global economy grow.
- Japan’s Nikkei 225 index closed at 21,505.31 points, decreased by 3.72 points or 0.02%. The yen closed at 111.360 against the US dollar, decreased by 0.368%.
- According to the Bank of Japan’s Tankan survey data, Japan’s first-quarter short-term small manufacturing sentiment judgment index dropped from 14 to 6, which was lower than the market expectation of 10.
- The Shanghai Composite Index closed at 3,176.82 points, increased by 6.46 points or 0.20%. The Shanghai and Shenzhen 300 Index closed at 3,971.28 points, decreased by 2.65 points or 0.07%. The RMB closed at 6.721 against 1 US dollar, decreased by 0.147%.
- With the launch of the Science and Technology Board, China will have two IPO markets to compete. In the first quarter, China’s IPO fundraising value fell by nearly 40% year-on-year.
- Goldman Sachs forecasts that the CSI 300 Index may increase by 25% in the next year, and the Science and Technology Board will boost market.