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Bitcoin rises above 85,000》The US government avoids a shutdown crisis, and Trump says the Russia-Ukraine war "has a good chance of ending"

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钮轱辘瑶
2 days ago
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The alert for the US federal government shutdown has been successfully lifted. According to Bloomberg, Chuck Schumer, the Democratic Senate Minority Leader, stated that he would allow the passage of the 6-month temporary spending bill proposed by the Republicans, which had already been passed by the House of Representatives. The Senate voted 54 to 46 to pass the bill on the 14th, and President Trump is expected to sign it into law before local midnight, successfully avoiding the US government shutdown crisis at the last minute.

Trump: There is a great hope for the end of the Russia-Ukraine war

In terms of geopolitics, Trump revealed today (15th) that the ceasefire agreement between the US and Russia in the Ukraine war is very likely to be reached. After the Ukrainian President Zelenskyy expressed his willingness to accept it, Putin subsequently stated that he "in principle" agreed to a 30-day ceasefire, but the precondition is that the Ukrainian troops surrounded in the Kurysk region of Russia must choose to withdraw or surrender, and the root causes of the Russia-Ukraine war must be resolved. Zelenskyy criticized Putin's statement as a delay and not a genuine desire for peace.

Trump said on social media last night, "We had a very good talk with Putin yesterday. This terrible and bloody war is likely to end eventually. But at this moment, thousands of Ukrainian soldiers are completely surrounded by the Russian army, in a very unfavorable and vulnerable situation, and I have strongly demanded that Putin spare their lives."

Putin responded that if the Ukrainian troops lay down their weapons and surrender, their lives and dignified treatment will be guaranteed under international law and Russian federal law. But the Ukrainian side refuted the claim that Ukrainian troops were surrounded in Kurysk, saying that the Ukrainian troops had successfully reorganized after withdrawing to better positions.

US Commerce Secretary hints: Imposing tariffs on imports of all cars in April

Regarding the tariff news that has recently caused market turmoil, US Commerce Secretary Raimondo said in an interview with Fox Business that the US may impose tariffs on cars imported from all other countries, including South Korea, Japan, Germany and the UK, next month.

In addition, Trump this week previewed that he will announce reciprocal tariff measures in April. The EU said this week that it will impose tariffs on $26 billion worth of US goods from April 1 in retaliation for the US imposing a 25% tariff on all imported steel and aluminum. On Thursday, Trump threatened to impose a 200% retaliatory tariff on EU wine, champagne and other alcoholic beverages, and vowed not to "surrender" in the trade war. These news indicate that there is still a high degree of uncertainty regarding tariffs.

Consumer confidence index plummets, inflation expectations soar

Regarding inflation data, CNBC reported that the consumer survey released by the University of Michigan on Friday showed that the US consumer confidence index plunged more than 10% from 64.7 in February to 57.9 in March, hitting a new low since November 2022. The one-year inflation expectation soared to 4.9%, up 0.6% from February, the highest level since November 2022.

Over the next five years, consumers estimate that the long-term inflation rate will reach 3.9%, the largest monthly increase since 1993. Due to increased concerns about the inflationary rebound caused by Trump's tariff war and the stock market crash, consumer confidence plummeted again in March.

US stocks closed higher across the board, Nvidia up 5.3%, Strategy up 13%

As the US government successfully avoided a shutdown, and the Russia-Ukraine ceasefire progress is optimistic, and Trump did not announce more major tariff negative news, temporarily easing investors' concerns about the escalation of the trade war, the major US stock indexes generally rose on Friday. The S&P 500 rose more than 2% on Friday, the largest single-day gain since November last year.

Nvidia surged more than 5%, leading the tech sector. Crypto-related stocks generally rose, with Strategy surging 13%, Coinbase up more than 3%, and Riot Platforms up nearly 7%.

  • The Dow Jones Industrial Average rose 674.62 points, or 1.66%, to close at 41,488.19.
  • The Nasdaq Composite rose 451.08 points, or 2.61%, to close at 17,754.09.
  • The S&P 500 index rose 117.42 points, or 2.13%, to close at 5,638.94.
  • The Philadelphia Semiconductor Index rose 145.55 points, or 3.27%, to close at 4,598.79.

Bitcoin surges above $85,000

Bitcoin surged above $85,000 in the early hours of the 15th, rising 6.7% from the Friday low of $79,940 to a high of $85,300. As of the time of writing, it is temporarily reported at $84,544, up 3% in the last 24 hours.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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