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Japan's final services PMI for March was 53.4, compared to 52.8 in the previous month.

Japan's final composite PMI for March was 53, compared to 52.5 in the previous month.

On April 3rd, Chicago Fed President John Goolsby, a voting member of the FOMC this year, stated on Thursday that the economy is suffering from the oil price shock. He expressed concern that the oil price shock is pushing up prices at an inopportune time, especially given that inflation from last year's tariff shock has not yet subsided. Goolsby said, "When gasoline prices rise sharply in the short term, expectations for inflation over the next 12 months begin to rise significantly, which could put us in a more difficult situation." The sharp rise in oil prices since the start of the Iran-Iraq War has also exacerbated business uncertainty and slowed hiring.

Israel has stated that it has identified a missile launch originating from Iran and that its air defense systems are operational to intercept the threat.

The yield on 20-year Japanese government bonds rose 2.5 basis points to 3.290%.

Futures News, April 3rd: 1. From April 3rd to 4th, affected by cold air and a surface cyclone, strong winds and temperature drops are expected in North China, central and southern Northeast China, and the Huanghuai region. Light to moderate rain or thunderstorms are expected in parts of northern North China, central and eastern Inner Mongolia, Liaoning, and Jilin, with heavy rain in central Liaoning and central Jilin. Locally, mixed convective weather including wind and hail is expected in eastern Hebei, Tianjin, northern Shandong, and western Liaoning. Heavy to blizzard conditions are expected in parts of central Heilongjiang and northern Jilin. 2. From 08:00 on April 3rd to 08:00 on April 4th, affected by a Mongolian cyclone, parts of central and eastern Inner Mongolia, central and northern Shaanxi, most of Shanxi, Hebei, Beijing, Tianjin, northern Henan, northern Shandong, and most of Liaoning will experience strong winds of level 5-7, with gusts of level 8-10. Affected by cold air and convection, some areas in western Liaoning, eastern Hebei, Tianjin, northern Shandong, southern Guangxi, and northern Guangdong will experience thunderstorms with winds of force 10-11. 3. Over the next three days, affected by an explosive cyclone, western and southern Canada, high-altitude areas of the northwestern United States, and north-central regions will experience heavy to blizzard conditions. Parts of southern Quebec and southern Ontario, Newfoundland Island, southern North Dakota, and northern Minnesota in the United States will experience heavy to extremely heavy snowfall. The cumulative snowfall in these areas will be 10-25 mm, with some areas receiving 30-50 mm. These areas will also experience winds of force 5-7, with gusts of force 8-9, and gusts exceeding force 10 on rivers and lakes. In addition, moderate to heavy rain is expected in the central and eastern United States and northeastern Mexico, with localized torrential rain; some areas will experience short-duration heavy rainfall, thunderstorms, and strong winds. Tornadoes are possible in Texas, Oklahoma, and Missouri in the United States. 4. Over the next three days, under the combined influence of an upper-level trough, a low-level warm and humid jet stream, and orographic uplift, central and eastern Afghanistan and Pakistan will still experience moderate to heavy rain, while eastern Afghanistan and western Pakistan will experience torrential rain, and high-altitude mountainous areas will experience heavy to blizzard-like snow or sleet.

According to The Information: Anthropic has acquired startup Coefficient Bio for approximately $400 million.

On April 3, Iranian Ambassador to Egypt Mojtaba Ferdowsi Poul stated that if the United States decides to send troops to land on Iranian islands, it could lead to the Houthi rebels blocking the Bab el-Mandeb Strait. Ferdowsi Poul said, "We hope our enemies will not make another strategic mistake against Iran. If they want to land on or occupy Iranian islands, another strait will become like the Strait of Hormuz, which will trigger financial markets and the global economy. This is not the situation we want. We will not beg the Houthis, but they have this plan." Houthi political bureau member Mohammed al-Buhaiti previously stated that the movement might block the Bab el-Mandeb Strait connecting the Red Sea and the Gulf of Aden, but only against the invading nation.

Federal Reserve's Goolsby: The oil price shock adds another layer of uncertainty.

Federal Reserve's Goolsby: Uncertainty is leading to an environment of low hiring and low layoffs.

Federal Reserve's Goolsby: When gasoline prices rise sharply, some complications can arise that could push up inflation expectations. That would make things even more difficult for us.

Federal Reserve's Goolsby: The economy is showing a relatively stable trend.

Federal Reserve's Goolsby: Concerned about inflation.

Federal Reserve's Goolsby: The timing of the oil price increase is bad; he had hoped that inflation would subside.

Federal Reserve's Goolsby: If oil price increases continue for an extended period, it will be reflected in consumer confidence as well as food and manufacturing prices.

1. US crude oil futures closed up 11.93% at $112.06 per barrel; Brent crude oil futures rose 7.99% to $109.24 per barrel. Tensions in Iran triggered disruptions to Middle Eastern oil supplies, cutting off supplies through the Strait of Hormuz, a key oil shipping route. Trump's threats to escalate the conflict in the coming weeks shattered market expectations for a rapid de-escalation of the conflict and the resumption of passage through the Strait, significantly increasing concerns about a global oil supply contraction and pushing up oil prices. 2. International precious metals futures generally closed lower. COMEX gold futures fell 2.29% to $4702.70 per ounce, and COMEX silver futures fell 3.82% to $73.17 per ounce. Geopolitical conflicts did not subside as expected, altering the safe-haven logic. Market expectations for interest rate cuts cooled rapidly, pushing up the dollar and US Treasury yields, increasing the opportunity cost of holding precious metals and triggering a sell-off. 3. London base metals all fell. LME lead fell 0.36% to $1934.5/ton, LME nickel fell 0.63% to $17100.0/ton, LME copper fell 0.69% to $12348.5/ton, LME zinc fell 1.00% to $3256.5/ton, LME aluminum fell 1.87% to $3465.5/ton, and LME tin fell 1.93% to $46450.0/ton. 4. The three major U.S. stock indexes closed mixed. The Dow Jones Industrial Average fell 0.13% to 46504.67 points, the S&P 500 rose 0.11% to 6582.69 points, and the Nasdaq Composite rose 0.18% to 21879.18 points. Home Depot and Sherwin-Williams fell more than 2%, leading the Dow Jones decline. The Wind US Tech Big Seven Index fell 0.15%, Tesla fell over 5%, and Facebook fell 0.82%. The Nasdaq China Golden Dragon Index fell 0.34%, BaWangChaJi rose over 10%, and 21Vianet fell over 4%. European stock indices closed mixed: the German DAX fell 0.56% to 23168.08 points, the French CAC40 fell 0.24% to 7962.39 points, and the UK FTSE 100 rose 0.69% to 10436.29 points. Escalating US-Iran tensions pushed oil prices to $109, putting pressure on tech stocks. French and German stock markets were significantly impacted, while the UK stock market benefited from rising energy stocks and a weaker pound. 6. U.S. Treasury yields fell across the board. The 2-year Treasury yield fell 0.06 basis points to 3.796%, the 3-year Treasury yield fell 0.18 basis points to 3.825%, the 5-year Treasury yield fell 0.17 basis points to 3.946%, the 10-year Treasury yield fell 1.17 basis points to 4.305%, and the 30-year Treasury yield fell 1.83 basis points to 4.880%.

According to CNN: Sources say that U.S. intelligence agencies assess that about half of Iran’s missile launchers remain intact.

Faraday Future (FFIE.O): FX Aegis robots delivered to date are now available for commercial delivery, with the series starting at $2,490.

Faraday Future (FFIE.O) announced that its FX Aegis quadruped robot has completed full compliance certification in the United States.