EUR/USD
1.16106
0.501%
Gold
4745.31
1.676%
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94.458
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158.693
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GBP/USD
1.33167
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GBP/JPY
211.260
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Real-time News
On April 1st, US President Trump made history by appearing before the US Supreme Court on Wednesday for oral arguments on an executive order he considers crucial to his tough immigration policies. The order, signed on his first day back in office, would restrict birthright citizenship. According to Clare Cushman, a resident historian at the Supreme Court Historical Association, Trump is the first sitting president to have oral arguments before the Supreme Court. Lower courts had previously blocked Trumps executive order, which requires US agencies not to recognize citizenship for children whose parents are neither US citizens nor lawful permanent residents (green card holders). The Trump administration argues that virtually anyone born in the US has citizenship, creating incentives for illegal immigration and leading to "birth tourism." Last year, Trump wrote on social media: "Birthright citizenship is not for people who come to America for vacation and want to become permanent citizens and bring their whole family."Federal Reserve Chairman Mossallem: The impact of artificial intelligence on the economy is mainly reflected in the expansion of data centers and energy investment.Market news: Microsoft will invest more than $1 billion in Thailand for artificial intelligence infrastructure construction.Federal Reserve Chairman Mossallem: Taking measures to reduce the financial systems demand for reserves would be a smoother approach.On April 1st, Chris Williamson, Chief Business Economist at S&P Global Market Intelligence, commented on the US March PMI data, stating that the US manufacturing sector has demonstrated encouraging resilience against the backdrop of the Middle East conflict. Business confidence in output for the coming year has also remained strong so far. This continued resilience stems partly from reduced concerns about government policies and also indicates that producers expect the impact of the war to be short-term and limited, although uncertainty remains. Currently, the impact of the conflict is still in its early stages, with soaring prices and delivery delays casting a shadow over the outlook and potentially pushing up inflation, dampening demand, and disrupting supply chains. Driven by soaring oil prices, factory input costs have risen sharply, and supplier delays are more prevalent than at any time since October 2022. As a result, some manufacturers are increasing inventories in anticipation of future price increases or supply shortages, and hiring has almost stalled to reduce labor costs, highlighting concerns that the war could cause problems for factories in the coming weeks.
