Real-time News

JPMorgan Chase lowered its S&P 500 target to 7,200 from 7,500, mainly due to increased risks of an economic recession.

Ukrainian President Zelensky: Ukraine is maintaining contact with Iraq regarding military cooperation.

Ukrainian President Zelensky: Ukraine's drone interception system in the Middle East "has proven effective."

U.S. Treasury yields turned positive during the day, with the 10-year yield currently at 4.319%.

Russian Foreign Ministry: Russia expresses its firm support for the Cuban government and people.

U.S. core retail sales in February were $598.988 billion, compared with $596.32 billion in the previous month.

On April 1st, analysts at the US financial website InvestingLive commented on the ADP data, stating that after a period of weakness, the data showed two consecutive relatively positive results. While the addition of 62,000 jobs wasn't particularly strong, it did alleviate some pressure on the Federal Reserve's employment goals, making it more inclined to maintain interest rates or consider raising them. Meanwhile, small business job growth also improved. The negative aspect of the report was that 58,000 of the 62,000 new jobs came from the education and healthcare sectors. Construction added 30,000 jobs, while trade/transportation/utilities lost 58,000 jobs, and manufacturing lost 11,000 jobs.

U.S. core retail sales rose 0.5% month-on-month in February, below the expected 0.3% and the previous month's figure of 0.00%.

Bank of England Governor Bailey: We need to be wary of investors losing confidence in private lending.

Bank of England Governor Bailey: If energy prices remain high and supply disruptions occur, it will "significantly" drag down many countries.

Bank of England Governor Bailey: The UK government bond market is moving in an "orderly but pressured" manner, and we are closely monitoring its developments.

Bank of England Governor Bailey: We closely monitor changes in inflation expectations, but short-term inflation expectations typically follow the overall inflation trend.

On April 1st, Russia rejected Ukraine's proposed Easter ceasefire, denouncing it as yet another public relations stunt by Ukrainian President Volodymyr Zelensky. Russian Foreign Ministry spokeswoman Maria Zakharova stated that Zelensky's move aimed to "replenish troop losses, regroup, and prepare the Ukrainian armed forces for continued combat." Zelensky stated on Tuesday that he would request US mediators to convey Kyiv's proposal to Russia: Ukraine would agree to a ceasefire during Easter if Russia ceased its attacks on Ukrainian energy infrastructure. Previously, the Kremlin had stated that it had not yet received any detailed ceasefire proposal. "If they attack us, we will retaliate. If they agree to stop attacking our energy infrastructure, we will take reciprocal action," Zelensky said.

Bank of England Governor Bailey: The businesses I've spoken to say they "really lack pricing power."

Bank of England Governor Bailey: I am very clear that we need to get inflation back to the target level in a way that minimizes damage to growth and employment.